Bankers Trust Co. said Wednesday it agreed to sell the trust company of Alex. Brown to its management and a group of investors for an undisclosed sum.

Alex. Brown Capital Advisory and Trust Co., Baltimore, has operated separately from the rest of Alex. Brown since Bankers Trust acquired the firm in September.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.