American Bank & Trust taps Marstone for digital wealth management offering
American Bank & Trust has partnered with wealthtech Marstone to offer a digital wealth management platform across its branches.
American Bank & Trust taps Marstone for digital wealth management offering
The bank offers a wealth management solution through its trust arm, which has more than $300 million in assets under management. With Marstone’s wealth management-as-a-service offering, the bank aims to develop that offering by improving productivity to retain existing client deposits and attract new retail bank customers.
“With American Bank & Trust, we’re able to quickly and seamlessly integrate our wealth management-as-a-service offering into their services, delivering cost efficiencies and increased opportunities for revenue growth,” comments Margaret Hartigan, co-founder and CEO of Marstone.
Founded in 1968 with its headquarters in Davenport, Iowa, American Bank & Trust is a $500 million community bank operating seven branches across Iowa and Illinois. Its services include personal, commercial, and private banking, cash management, consumer and residential mortgage loans, trust, and wealth management.
