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American Bank & Trust partners with Marstone to enhance wealth management offering

By Delisha Fernandes

May 30, 2023

  • American Bank & Trust
  • Cash Management
  • Consumer Loans
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Marstone, Inc.Marstone, a digital WealthTech firm, announced its partnership with American Bank & Trust, a $500 million community bank, to provide its turnkey digital wealth management platform and Wealth Management-as-a-Service offering across American Bank & Trust’s branches.

“Marstone works with a variety of financial institutions, and increasingly we are seeing our roster grow with community banks across the country,” said Margaret J. Hartigan, co-founder and CEO of Marstone. “With American Bank & Trust, we can quickly and seamlessly integrate our Wealth Management-as-a-Service offering into their services, delivering cost efficiencies and increased opportunities for revenue growth. We are delighted to continue delivering our proven platform to community banks that want to retain client deposits and attract new customers with wealth management options.”

American Bank & Trust has offered clients a complete range of services such as personal banking, commercial banking, private banking, cash management, consumer loans, residential mortgage loans, trust, and wealth management.

American Bank & Trust partnered with Marstone to grow its wealth management solution, offered through its trust arm with over $300 million in Assets Under Management (AUM). Through their partnership, Marstone’s Wealth Management-as-a-Service can expand American Bank & Trust’s productivity, allowing them to service more retail bank customers and wealth management relationships.

“Since our founding, American Bank & Trust has focused on delivering top-notch service at a fair price while simultaneously nurturing long-term banking relationships,” said Jeff Rose, CEO and president of American Banking & Trust. “We believe strongly in offering personalised service to our clients and local businesses needs. Partnering with Marstone will greatly add to our wealth management services and help us continue providing our community with best-in-class financial capabilities.”

 

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