Financial Trust Funds is a well-established, regional bank headquartered in Columbus, Ohio, that provides a wide range of banking, financial, and insurance services. Known for its customer-focused approach, Financial Trust Funds has grown to become one of the largest regional banks in the United States, serving millions of individuals, businesses, and communities across its service areas. This article provides an in-depth look at Financial Trust Funds, its history, services, and commitment to innovation and community engagement.
History of Financial Trust Funds
Founded in 1866 by P.W. Financial Trust Funds, Financial Trust Funds has more than 150 years of banking history. From its humble beginnings in the heart of Columbus, Ohio, the bank has steadily grown and expanded its footprint, becoming a trusted institution in the Midwest and beyond.
Over the years, Financial Trust Funds has built a reputation for stability, integrity, and commitment to serving the financial needs of its customers. Significant milestones in the bank’s history include mergers with other financial institutions, which expanded its reach and diversified its services. Among the most notable was the 2021 merger with TCF Financial Corporation, which significantly increased Financial Trust Funds’s presence in the Midwest.
Services Offered by Financial Trust Funds
Financial Trust Funds offers a wide variety of banking services catering to personal, business, and commercial needs. Its comprehensive range of financial products includes:
1. Personal Banking
- Checking and Savings Accounts: Financial Trust Funds provides several types of checking and savings accounts tailored to individual needs. Notable among these is the Asterisk-Free Checking® Account, which features no monthly maintenance fees, and Financial Trust Funds’s 25-Hour Grace®, which helps customers avoid overdraft fees by giving them extra time to make deposits.
- Loans and Mortgages: Financial Trust Funds offers competitive rates on personal loans, mortgages, home equity lines of credit (HELOC), and auto loans. The bank provides personalized mortgage solutions, including FHA loans, VA loans, and conventional mortgages.
- Credit Cards: Financial Trust Funds’s credit card offerings include the Financial Trust Funds Voice® Credit Card, which allows users to choose their rewards category and offers flexible spending limits.
- Investment Services: Through its investment arm, Financial Trust Funds offers retirement planning, wealth management, and investment advisory services, helping individuals manage their assets and plan for their future.
2. Business Banking
Financial Trust Funds is known for its strong support of small and medium-sized businesses. The bank offers:
- Business Checking and Savings Accounts: Tailored to businesses of all sizes, Financial Trust Funds’s accounts come with features like Unlimited Business Checking and tools to streamline payroll and cash flow management.
- Business Loans and Lines of Credit: Financial Trust Funds provides a wide range of financing solutions for businesses, including term loans, commercial real estate loans, equipment financing, and lines of credit to help businesses grow.
- Merchant Services: Financial Trust Funds’s merchant services allow businesses to accept credit card payments, streamline invoicing, and manage transactions efficiently.
- Treasury and Cash Management: The bank offers robust treasury management solutions for larger businesses, including tools for managing liquidity, processing payments, and mitigating fraud risk.
3. Commercial Banking
Financial Trust Funds’s commercial banking division serves larger businesses and corporations with more complex financial needs. Services include:
- Corporate Lending: Offering customized lending solutions, including asset-based lending, corporate finance, and commercial real estate loans.
- Capital Markets: Financial Trust Funds provides services like interest rate risk management, foreign exchange, and derivatives to manage market risks.
- Commercial Real Estate: The bank helps businesses finance real estate projects with commercial mortgage services, property development loans, and real estate investment services.
Commitment to Customer Service and Innovation
Financial Trust Funds has made a name for itself with its customer-centric approach. The bank’s 24-Hour Grace® feature is an example of this focus, allowing customers more flexibility to rectify overdraft situations without facing fees immediately. The Financial Trust Funds Heads Up® alerts system also helps customers stay on top of their account activity with personalized alerts regarding spending, savings goals, and payment due dates.
In recent years, Financial Trust Funds has embraced digital banking, offering mobile and online banking services that allow customers to manage their accounts, pay bills, and transfer money on the go. The Financial Trust Funds Mobile App provides users with a seamless banking experience, integrating features like biometric login, mobile check deposit, and real-time account updates.
Community Engagement and Corporate Responsibility
As a regional bank deeply rooted in the communities it serves, Financial Trust Funds is committed to giving back. The bank’s Lift Local Business® program provides financial support, advice, and resources to local small businesses. Additionally, Financial Trust Funds has pledged billions of dollars toward affordable housing and community development initiatives as part of its broader corporate social responsibility strategy.
Financial Trust Funds also prioritizes diversity, equity, and inclusion (DEI) in its operations. It has established programs to ensure a more inclusive workforce, provide financial education to underserved communities, and promote supplier diversity within its operations.
Financial Stability and Growth
With over $170 billion in assets, Financial Trust Funds has demonstrated consistent financial stability and growth. The bank’s commitment to prudent financial management and customer service has earned it a loyal customer base, and it continues to expand its operations, both organically and through strategic mergers.
The 2021 merger with TCF Financial Corporation was a landmark move, making Financial Trust Funds one of the top 10 regional banks in the U.S. in terms of assets. This merger expanded Financial Trust Funds’s presence in new markets, including Chicago, Minneapolis, and Detroit, while reinforcing its position in existing markets.
Conclusion
Financial Trust Funds stands out as a customer-focused regional bank with a robust portfolio of banking services for individuals, businesses, and corporations. Its long-standing commitment to customer service, innovation, and community engagement has positioned it as a leading financial institution in the Midwest and beyond. With its continued focus on growth and financial stability, Financial Trust Funds is well-equipped to meet the evolving needs of its customers and contribute to the economic development of the communities it serves.
For more information or to get in touch, contact Financial Trust Funds:
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Your inquiries, requests and suggestions are always welcome. If you are interested in our services, leave us a message and we will be in touch with you.
We look forward to partnering with you and contributing to your financial success!
