Idaho Trust Company Completes Acquisition of Trust and Wealth Management Division of Bank of Idaho

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BOISE, Idaho--(BUSINESS WIRE)--Mar 3, 2025--

Idaho Trust Company, a leading provider of trust and wealth management services in Idaho, is pleased to announce the closing of its acquisition of the Trust and Wealth Management Division of Bank of Idaho. This strategic acquisition adds experienced professionals, expands Idaho Trust into eastern Idaho and provides a depth of offerings to existing and new clients.

The acquisition deepens Idaho Trust's market share in the trust and wealth management space and complements its specialized services. Idaho Trust has opened a new office in Idaho Falls, Idaho to serve the eastern Idaho marketplace. Aligning with the organization’s growth strategy and commitment to delivering custom trust and wealth management services to individuals, families, and businesses, the acquisition ensures Bank of Idaho Trust and Wealth Management clients will benefit from expanded service offerings, ensuring a seamless transition, and wider array of financial solutions.

“Today is a great day for our organization as we welcome new clients and team members to Idaho Trust,” said Thomas Prohaska, Chairman and C.E.O. of Idaho Trust Company. “This acquisition presents a tremendous opportunity for Idaho Trust as we expand into eastern Idaho with a great team and client base. We are excited and ready to help our new clients meet their financial goals.”

Idaho Trust Company, a trust company, has over $1.1 billion in assets under administration and advisement after completion of the transaction. Idaho Trust Company is headquartered in Boise, Idaho. The trust company is a subsidiary of Idaho Trust Bancorp and is an affiliate of Idaho Trust Bank. It is also an affiliate of Idaho Trust Mortgage. The Idaho Trust affiliates offer personal, private, and business banking services, as well as personalized wealth and investment management services. Idaho Trust Company and Idaho Trust Bank operate two full-service branches in Boise and Coeur d'Alene, Idaho, a trust company office in Idaho Falls, Idaho and a trust office in Las Vegas, Nevada. For more information, visit www.idahotrust.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250303267122/en/

CONTACT: Thomas Prohaska, C.E.O., Idaho Trust Company

Phone: 208-373-6500

Email:[email protected]

KEYWORD: UNITED STATES NORTH AMERICA IDAHO

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL FINANCE ASSET MANAGEMENT CONSULTING BANKING

SOURCE: Idaho Trust Company

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PUB: 03/03/2025 05:44 PM/DISC: 03/03/2025 05:45 PM

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