BNY Trust to Buy Trust Biz of Intrust

The Bank of New York Co. Inc. has reported that BNY Trust Co. of Missouri, an indirect subsidiary based in St. Louis, has agreed to acquire the corporate trust business of Intrust Bank NA, Wichita, Kan.The terms of the agreement were not disclosed. The transaction involves the transfer of more than 300 bond trust and agency appointments for corporations and municipalities in Kansas and surrounding states. The Bank of New York provides trust services for a variety of debt products, including mortgage- and asset-backed securities.

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