Heritage

CTC has a rich heritage of management with the foresight to adapt the trust business to changing economic times. In its infancy, the Company was owned by an individual with an eye for real estate investments, oil and gas investments, and securities of closely held businesses. In short, the trust company consisted of investors who pooled their resources through trust vehicles much like a partnership. These trusts were the early versions of personal trusts, administered by the Company which kept the books and records of each trust, made appropriate distributions and performed tax work.

In the late 1980s the owner of CTC, concerned with the continuity of the enterprise, as well as, the on-going fiduciary responsibilities owed to the various trusts and beneficiaries, sold a significant minority interest to the present day owners of CTC. These new owners were businessmen, with a background in forensic accounting and estate planning, who had seen many entrepreneurs attempt to transition businesses from one generation to the next. They understood the unique mind-set of the entrepreneur, as they were entrepreneurs themselves. They had a new vision for the Company.

In 1994, the current owners purchased an additional interest in the Company, now owning a controlling interest. At that same time, the Delaware Legislature passed the "Directed Trustee Statute" which is now known as 12 Del. C. §3313. This section of the Delaware Code allowed a trustee to completely bifurcate the investment function and focus on trust administration, without fear of liability caused by the decisions made by the separate adviser charged with authority over investments. The purchase and the coinciding legislation made it perfect timing for the new owners of CTC to remain focused on what CTC and its owners knew best-- trust administration, accounting and taxation, while leaving the investment piece to those with expertise in investments.

Acting as a directed trustee, and the independence that it is able to maintain, has given CTC a huge advantage in the market. We are not competition to those in the investment field; in fact we are a complement to their services. We are able to focus our energies on administration and hire highly qualified professionals in the areas of trust law, taxation and accounting.