VENICE, FL—The Board of Directors of Trust Companies of America, Inc., voted on October 18 to declare a dividend of $0.01 per share on the common stock of Trust Companies of America, Inc., according to R.G. “Kelly” Caldwell, Jr., CEO of the TCA board of directors as well as CEO, president and senior trust officer of Caldwell Trust Company, one of TCA’s affiliate companies. “This latest action marks the ninth cash dividend paid by the privately held company since its inception and the sixth in as many years,” Caldwell says.
Trust Companies of America, Inc., was formed in mid-1995 to serve as parent to several existing or planned operating subsidiaries and divisions, each of which provides a specific trust or financial service to the general public under its own identity. Caldwell Trust Company is currently TCA's largest subsidiary.
Caldwell Trust Company is an independent trust company with offices in Venice and Sarasota, Florida. Established in 1993, the firm currently manages over $500 million in assets for clients throughout the United States. The company offers a full range of fiduciary services to individuals including services as trustee, custodian, investment advisor, financial manager and personal representative. Additionally, Caldwell manages 401(k) and 403(b) qualified retirement plans for employers.