VENICE, FL: The Board of Directors of Trust Companies of America, Inc., parent of Caldwell Trust Company, voted on April 15, 2014, to declare a mid-year cash 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, a TCA affiliate companies.
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. TCA’s largest subsidiary is Caldwell Trust Company, an independent, locally owned trust company headquartered in Venice with a second office in Sarasota. “Our continued success in Caldwell Trust Company and our stable business model have made this dividend possible,” Kelly Caldwell said. “We are grateful to the trust company’s many clients for their ongoing confidence in the services we provide.”
Caldwell Trust Company provides a full range of fiduciary services to individuals, including services as trustee, custodian, investment adviser, financial manager and personal representative. Additionally, Caldwell manages 401(k) and 403(b) qualified retirement plans for employers.
The trust company has experienced ongoing growth in assets under management, which have increased from $700 million on December 31, 2013 to over $730 million. Perhaps the most visible indication of expansion is construction of a new $3 million headquarters at 1400 Center Road, Venice, set for completion by the end of the year.