Argent Institutional Trust Company Expands Through Acquisition of Huntington's Trust Business

On June 6, 2025, Argent Institutional Trust Company (AITC), headquartered in Tampa, Florida, announced a significant development in its growth strategy. AITC, a prominent player in the realm of corporate and institutional trust services, has finalized a definitive agreement to acquire the corporate trust and institutional custody business from The Huntington National Bank. This strategic move is poised to expand AITC’s institutional trust footprint considerably, enhancing its capabilities in the corporate trust and custody sectors.

Strategic Significance of the Acquisition

With this acquisition, AITC not only expands its operational footprint but also reinforces its status as a national authority in corporate trust and custody services. The deal will involve the transfer of essential client relationships, personnel, and operational infrastructure from Huntington Bank to AITC. This transition ensures that current clients will continue to receive dedicated service, as key Huntington personnel are set to join the AITC team.

Tony Guthrie, the Chairman of AITC, expressed enthusiasm about the acquisition, stating, "This acquisition aligns with our long-term growth strategy and commitment to delivering high-quality, customized trust and agency solutions. We are excited to welcome Huntington's talented team and their clients to AITC." The consolidation of AITC's administration teams with Huntington's banking teams allows clients to access their existing banking solutions seamlessly while enjoying an expanded suite of corporate trust and institutional custody services.

Continued Commitment to Client Services

The ongoing cooperation between AITC and Huntington will ensure that corporate trust, escrow, and custody solutions are readily available to Huntington's business and commercial banking clients. The integration seeks to maintain continuity for existing clients, emphasizing seamless service and flexibility. Steven B. Eason, CEO of AITC, highlighted the benefit of this alignment, stating, "I'm delighted that Huntington recognized the expertise and quality of corporate trust and institutional custody services at AITC, assuring that its clients would continue to receive unparalleled support from a full-service provider."

Huntington's corporate trust business specializes in providing critical services, including bond trustee, paying agent, escrow agent, collateral agent, and custody services to a diverse clientele that includes corporations, municipalities, mutual funds, and non-profit organizations. Integrating these services into AITC's national platform will further enhance service flexibility and innovation for clients, maintaining a high level of expertise and commitment to their financial success.

Transition and Future Operations

As AITC prepares for this transition, the company remains vigilant about ensuring the highest quality of service to all stakeholders. Full integration of the acquired business is expected to be completed in the coming months, while AITC upholds its client-centered philosophy—central to its operations for over seven decades. The firm’s commitment to delivering customized trust and agency solutions remains steadfast, ensuring clients can rely on exceptional service amid and after the transition.

About Argent Institutional Trust Company

Founded in 1954 as Trust Management Incorporated, AITC has evolved into a full-service provider of trust and agency services under its current name following a merger with Argent Financial Group in 2023. The firm operates administration offices in key locations including Tampa, Atlanta, Fort Worth, Milwaukee, and New York City. AITC currently manages over $175 billion in client assets across various service categories, positioning it uniquely within the trust and custody sector.

Conclusion

With this acquisition, Argent Institutional Trust Company has taken a significant step towards amplifying its service offerings and establishing a deeper presence in the corporate trust and custody markets. As AITC welcomes new clients and staff from Huntington, the firm’s priority remains focused on delivering exceptional service, stability, and innovative solutions tailored to meet the diverse needs of its institutional partners across the nation.