ST. PETERSBURG, Fla. -- Raymond James Trust Co., a subsidiary of the Raymond James Financial Inc. brokerage group, said it has received its Florida state banking charter, authorizing it to open for business.

Raymond James said it plans to open trust branches throughout the state over the next 12 to 18 months.

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.