Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Post and Distribute
Your Jobs
ARPA News
ARPA Webcasts

Featured Jobs

DB/DC Administrator

Primark Benefits
(Telecommute / Burlingame CA)

Primark Benefits logo

Plan Document Specialist

Jocelyn Pension Consulting
(Telecommute / Boulder CO / San Rafael CA)

Jocelyn Pension Consulting logo

DB Retirement Plan Administrator

The Nolan Company
(Telecommute / Overland Park KS)

The Nolan Company logo

Retirement Plan Administrator (Account Manager)

Kushner & Company
(Telecommute / Portage MI)

Kushner & Company logo

Director of Finance

NYCDC of Carpenters Benefit Funds
(New York NY)

Director of 401(k) Implementation, Core

Human Interest
(Telecommute / Mill Valley CA)

Human Interest logo

Retirement Plan Consultant / Relationship Manager

Associated Pension Consultants
(Chico CA / Sacramento CA)

Associated Pension Consultants logo

Product Support Consultant

ftwilliam.com part of Wolters Kluwer Legal & Regulatory
(Telecommute)

ftwilliam.com part of Wolters Kluwer Legal & Regulatory logo

Retirement Plan Administrator

Bates & Company
(Telecommute / Winter Park FL)

Bates & Company logo

DC Retirement Plan Administrator

The Nolan Company
(Telecommute / Overland Park KS)

The Nolan Company logo

401(k) Consultant

TPS Group
(Telecommute / North Haven CT)

TPS Group logo

DC or DB Administrator

Farmer & Betts, Inc.
(Telecommute / Tacoma WA / Tualatin OR / Littleton CO)

Farmer & Betts, Inc. logo

401(k) Implementation Manager

Human Interest
(Telecommute / San Francisco CA)

Human Interest logo

Retirement Plan Administrator

RSW & Associates
(CT / NJ / NY)

RSW & Associates logo

Employee Benefits/Health and Welfare Attorney

Miller Johnson
(Telecommute / Grand Rapids MI / Kalamazoo MI / Detroit MI)

Miller Johnson logo

Retirement Plan Administrator

My Benefits, LLC
(Telecommute / Daphne AL / Atlantic Beach FL)

My Benefits, LLC logo

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by GreatBanc Trust Company

Press Release

GreatBanc Trust Company Acquires ESOP Business of Lubbock National Bank

Issued by GreatBanc Trust Company

Oct. 10, 2019

Lisle, IL, October 1, 2019 -- GreatBanc Trust Company has completed the acquisition of the ESOP business from Lubbock National Bank (LNB), of Lubbock, TX. LNB’s parent, Amarillo National Bank, wished to discontinue the ESOP services offered by LNB. This presented GreatBanc the opportunity to purchase the LNB ESOP business.

“GreatBanc is the one player that is fully committed to the ESOP business,” said GreatBanc President and CEO James Staruck. “While others get out of the business, GreatBanc continues to renew its commitment to it. Serving the ESOP community is not just a job to us. It is our passion.”

As part of the acquisition, LNB employee Rob Borowy will join GreatBanc as Vice President, where he will continue to serve his LNB ESOP clients. Coincidentally, unrelated to the acquisition, a former employee of LNB, Mary Lynn Hanna, was hired by GreatBanc. Ms. Hanna has been serving GreatBanc as Senior Vice President, Fiduciary Analyst, since September. Both Mr. Borowy and Ms. Hanna continue to reside and work from Texas, adding their many years of experience to GreatBanc’s staff of 50 other dedicated financial services professionals.

Reinforcing Greatbanc’s national reputation, Mr. Staruck said, “We were put in touch with LNB through an industry contact in their region. We see this as a tremendous opportunity to have a significant presence in the Southwest, a growing and vibrant area for business of all kinds.”

Since it was founded in 1989, GreatBanc has become one of the largest single providers of trustee and other fiduciary services for institutional clients with ESOPs. Widely known throughout the U.S. for its wide-ranging book of business, GreatBanc has grown organically, through word of mouth, and through other key acquisitions of ESOP businesses. GreatBanc previously acquired ESOP businesses from BMO Harris/North Star Trust, HSBC Bank USA, The Trust Company of Knoxville, the former LaSalle Bank N.A. and Bankers Trust Company.

BL:hh

View More Press Releases by GreatBanc Trust Company


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2021 BenefitsLink.com, Inc.