Banks routinely merge, consolidate, purchase one another, and rename themselves. That is a good thing. Healthier banks acquire banks that are not as healthy. Portfolios become more diverse and market resistant. As a general rule, when those transactions occur, the banks do not go to court to seek approval to remain trustee of each trust they administer. These complicated transactions can potentially cause trouble for the new or resulting bank regarding fiduciary appointments. If challenged by a beneficiary, how does a bank that is not named in a trust instrument and/or court order appointing a trustee prove that it has standing to be trustee of a trust? This article and presentation below address many of the issues and the complexities of federal and Texas state laws that allow for the continuation of fiduciary appointments without further court intervention.
Read Here: Bank Genealogy 101 Article