Fla. broker to buy trust firm in Northwest.

ST. PETERSBURG, Fla. - Raymond James Financial Inc. said it has entered into an agreement to acquire Sound Trust Co. of Tacoma, Wash. Terms of the deal were not disclosed.

Sound Trust, a closely held company founded in 1990, manages $15 million in customer assets.

Raymond James said the acquisition will complement existing trust services and bolster the brokerage company's offerings in the West.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER