Two Portland, Ore., companies, Allen Trust Co. and Capital Pacific Bank, have formed an exclusive strategic alliance to offer banking, trust, and investment management services to business owners, professionals, and nonprofit organizations.
The alliance allows the companies to offer clients a range of financial services typically available only from large regional or national organizations, the companies announced Tuesday.
Now in its fourth year of operation, Capital Pacific has built a portfolio of clients that include small and midsize businesses, professional service firms, and nonprofit organizations. Though it offers a full line of banking products and services, Capital Pacific said, it sought a strategic partner that could provide complementary expertise in investment management and trust services.
Stuart B. Allen founded Allen Trust in 2001. He also founded Allen Capital Management, a registered investment adviser. The two companies have combined assets under management of $100 million. They provide personalized trust and comprehensive investment management services for individuals, families, and charitable organizations.
