Bank of Utah restructures Corporate Trust Services following team move

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The Bank of Utah has restructured its Corporate Trust Services department and has appointed two corporate trust attorneys following the departure of three executives to TVPX.

Jon Croasmun will be vice president corporate trust manager. Michael Arsenault will be vice president corporate trust counsel.

Brett King, Michael Hoggan, and Scott Nielsen left Bank of Utah’s trust group to join TVPX, the 1031 exchange and trust services company.

“We are committed to the corporate trust business for the long-term, which is why we have brought in industry leaders such as Jon and Michael, to lead our department,” said Branden Hansen, Bank of Utah executive vice president and CFO. “Our organisation has added some of the finest, most experienced team of trust services professionals in the industry to provide the highest quality corporate trust services available anywhere.”

“We are committed to the corporate trust business for the long-term, which is why we have brought in industry leaders such as Jon and Michael, to lead our department.”

Croasmun joins from Crowe and Dunlevy, the Oklahoma law firm which specialises in aviation. He was a director.

Arsenault worked at Well Fargo Bank Northwest. Before that he was a legal adviser to Sundance Corporation and ATK Thiokol.

Douglas DeFries, president of Bank of Utah said: “We are so pleased to bring in these two outstanding experts who will provide a very high level of experience and aircraft trust intellectual abilities to our customers. With this recent infusion of talent and our continued offering of full-service corporate trust products, we will remain a dominant force in the markets we serve well into the future.”

Bank of Utah Corporate Trust Services has assembled an expert team of in-house counsel and account management professionals with more than 75 years of combined experience in all aspects of corporate trust service.


 

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