January 30, 2019--Cheyenne, Wyoming--The Exeter Group, LLC announced today that the Wyoming State Banking Board held a public hearing regarding the Application For Charter To Operate A State Trust Company for Exeter Trust Company (proposed, in formation).
Exeter Trust Company will be located at 205 Storey Boulevard, Suite 200, Cheyenne, Wyoming 82009, along with its affiliate company Exeter 1031 Exchange Services, LLC, and is under the leadership and direction of Anton "Tony" Hammock, Senior Vice President, Chief Trust Officer and Trust Operations Manager.
Exeter Trust Company's primary focus will be to serve as Trustee of Qualified Trust Accounts for tax-deferred exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations, as Custodian of Self-Directed Individual Retirement Accounts (SDIRA's) with an emphasis on alternative non-traded real estate investments (such as real estate, promissory notes secured by deeds of trust or mortgages, tax lien certificates, limited partnership interests, and more), and general custody services with a combined focus on publicly traded securities and alternative investments as described above. These services will be offered nationwide to the general public.
"We are very excited about launching Exeter Trust Company (proposed, in formation) in Cheyenne, Wyoming, and to be chartered by the Wyoming Division of Banking. We are also excited about getting involved in the local Wyoming community," stated Tony Hammock.
Mr. Hammock further indicated that, "Team Exeter is particularly excited about new products and services to be rolled out in 2019 that will be administered out of the Mountain Regional Office in Cheynene, Wyoming."
William L. Exeter, President and Chief Executive Officer, The Exeter Group, LLC, including Exeter Trust Company (proposed, in formation), stated that The Exeter Group, LLC is very excited about its continued national expansion of its 1031 Exchange Services Group and the launch of Exeter Trust Company, and in particular our expansion into the greater mountain real estate market."
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The Exeter Group of Companies is a leading national provider of 1031 Exchange Services, Qualified Intermediary, Exchange Accommodation Titleholder, and Advisory Exchange Services for individual, corporate and institutional clients throughout the United States and the world. Exeter administers all types of 1031 Exchange transactions, including Forward, Reverse and Improvement (Build-To-Suit or Construction) 1031 Exchange structures, for real estate and foreign assets.
Exeter 1031 Exchange Services, LLC currently has regional offices in San Diego, Newport Beach, Los Angeles, and San Francisco, California; Cheyenne, Wyoming; Chicago, Illinois; Seattle, Washington; Phoenix, Arizona; and Ft. Lauderdale, Florida. You can contact Exeter at anytime, 24 hours a day, 7 days a week, 365 days a year. Call Exeter 24/7 provides round-the-clock access to our senior 1031 Exchange professionals when you need them.
Exeter Trust Company is a leading national provider of trust, agency and custody accounts with specialities in Qualified Trust Accounts for 1031 Exchanges, Self-Directed IRAs with an emphasis in Alternative Investments, and general custody services with a focus on Alternative Investments. Exeter Trust Company is headquartered in and operates out of the Cheyenne, Wyoming office.