TrustCorp America, a fledgling vendor of personal trust management and administration in Washington, D.C., has acquired the trust assets of nearby Taneytown Bank and Trust Co.

Under terms of the agreement, expected to be completed today, TrustCorp would gain $29 million of assets in 100 accounts, bringing its total of trust assets under management to $70 million. TrustCorp was founded two years ago and chartered as a nondeposit bank by the District of Columbia.

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