Our History

Summit Trust Company was conceived in late 2003 as a result of the need we saw for a special kind of trust company to serve professional advisors and their clients, and because of the turmoil that was happening in the trust company industry.

Trust Companies nationwide were attempting to "bulk-up" their size in a competitive effort to survive a growth frenzy. Many institutions pursued the ill-conceived strategy of creating earnings by relaxing standards and a free-for-all merger and acquisition strategy designed to create size as an end unto itself.Nevada has a tradition founded in a legacy of private and corporate wealth. Out of that legacy grew financial institutions where respect for the client and the client's objectives created a community with an institutional character based upon personal attention and the needs and desires of their family and institutional clients.

During the late 1980's, the merger and acquisition mania caught up with many trust companies throughout the country. Many succumbed to offers of out-of-state banks and trust companies, and soon became bland, institutional, faceless purveyors of financial services. Clients who had for decades relied on experienced personal attention were now introduced to 800 numbers, computerized menus, and voices hundreds of miles away who had not the slightest familiarity with their needs.

Our founder recognized that an opportunity was at hand to create an institution designed exclusively for a market that was entitled to the kind of service that was now merely history with other national institutions. The idea was to build a financial institution staffed with seasoned, highly competent, experienced and empowered professionals whose knowledge, experience and history of personal service distinguished them from the crowd.

The name of the Trust Company was chosen for two reasons: first, we wanted our potential clients to know that we wanted to provide to them the highest level of personal service and that we would provide the peak of performance. Second, we will stand alone and highly visible in offering highly tailored and specialized services that no other trust company will be willing to offer.

We received our charter in Mid-November, 2004, and opened our doors to our first customers on May 15, 2005.