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Business Observer Friday, Mar. 30, 2018 1 year ago

Trust company reaches $1 billion in assets

Caldwell Trust Co. will also celebrate its 25th anniversary this year.
by: Grier Ferguson Sarasota-Manatee Editor

VENICE — Venice-based Caldwell Trust Co. announced it reached $1 billion in assets. 

According to a press release, during the company's first 10 years, its assets under care grew from $0 to $200 million. During the next 10 years, it reached almost $700 million.

"We’re pleased to report that we’ve achieved this goal in the same year we’ll celebrate our 25th anniversary," says Caldwell Trust Co. CEO and President R. G. "Kelly" Caldwell Jr. in a statement. "Our history has been one of steady, controlled growth since our founding in 1993."

Caldwell attributes much of the company’s success to the philosophy of his father and the founding team — that the company would provide services in a personal, traditional and independent way. A press release says another important factor has been Caldwell Trust's proprietary software.

Caldwell Trust Co. has 34 employees and offices in Venice and Sarasota. 

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