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Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by GreatBanc Trust Company

Press Release

Robert S. Socol Joins the GreatBanc Trust Company Board of Directors

Issued by GreatBanc Trust Company

Apr. 19, 2018

April 19, 2018 -- GreatBanc Trust Company announces that Robert S. Socol, recently retired from Stout (formerly Stout, Risius and Ross) will join the GreatBanc Board of Directors. Mr. Socol's career reaches back to the earliest years of employee stock ownership plan (ESOP) transactions. GreatBanc, whose corporate headquarters are in Lisle, IL, traces its history to the years when ESOPs were being developed and the service industry surrounding them launched.

"Mr. Socol is ideal for our Board of Directors," said James E. Staruck, President and CEO of GreatBanc. "GreatBanc is the nation's largest and longest-tenured independent trustee of ESOP plans. Mr. Socol's ESOP industry expertise and his strong overall business acumen will serve GreatBanc well as we continue to grow our company in a thoughtful and responsible manner."

Before retiring, Mr. Socol served as Stout's Managing Director in the Valuation & Financial Opinions Group. He is nationally recognized as a subject matter expert in ESOPs. Inaddition to serving on GreatBanc's Board, Mr. Socol is the Chairman Emeritus of the Valuation Advisory Committee of The ESOP Association. He has also served on the advisory board of the Employee-Owned S Corporations of America (ESCA).

Mr. Socol had this to say: "In my role at Stout, I had interfaced with the professionals at GreatBanc for many years. I have witnessed their professionalism, and GreatBanc's process of fiduciary oversight is solid. They have long impressed me as a leading choice to be trustee for an ESOP. I am happy to combine my own experiences with theirs to propel GreatBanc forward."

GreatBanc Trust Company
GreatBanc is nationally recognized as a highly skilled, independent trustee specializing in employee stock ownership plan (ESOP) fiduciary oversight. Representing plan participants and beneficiaries, we provide technically superior fiduciary services for qualified plans of companies facing an ownership transition, as well as for companies with ongoing ESOP needs.

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