First Community Trust to Join the AMC Family of Companies
DES MOINES, IA – Affiliates Management Company (AMC), the holding company for the Iowa Credit Union League (ICUL), today announces that First Community Trust, N.A. (FCT), will join the AMC family of companies. The acquisition is expected to be finalized in early 2019 and is subject to shareholder and regulatory approval. FCT is a nationally chartered trust company that delivers trust, investment, retirement and estate planning services to Iowa credit unions, their members and others in the communities served. FCT’s headquarters will remain in Dubuque, Iowa. The company’s executive leadership and all staff will remain in place.
“The acquisition of First Community Trust is designed to benefit Iowa’s credit unions and our 1.1 million members,” said Murray Williams, CEO of AMC and ICUL. “FCT is a tremendous cultural fit and credit union partner. We are optimistic that FCT will assist us in providing greater value to the credit union community by bringing a trusted partner to a significant segment of our membership – those planning for their financial future and retirement.”
AMC’s family of companies today serve consumers and businesses nationally in the areas of cybersecurity training, diversity and inclusion initiatives, regulatory compliance and legislative affairs. The addition of FCT’s services to AMC will support the company’s mission to improve the financial lives of consumers.
“FCT has historically been a partner to credit unions and was originally formed to provide trust and investment services to credit unions and others in the communities we serve. We currently partner with several credit unions in eastern Iowa today to offer these needed services,” said Chip Murray, CEO of FCT. “We are excited for this opportunity to grow and expand our services across Iowa with the support of AMC, helping more consumers plan for the future.”
Details of the acquisition have not been disclosed at this time. Following the completion and approval of the transaction, further information will be announced.
About Affiliates Management Company
Affiliates Management Company (AMC) was established in 2008 as a wholly owned holding company of the Iowa Credit Union League (ICUL). AMC and its family of companies are dedicated to improving the financial lives of consumers. AMC’s family of companies – BrightWise, Coopera, PolicyWorks Iowa, PolicyWorks LLC, and TMG Financial Services . For more information, visit http://www.affiliatesmgt.com.
About First Community Trust
First Community Trust, N.A. (FCT) is a nationally chartered trust company offering trust, investment and retirement services, primarily through credit unions. Founded in 2001, our sole objective is to help our clients achieve their personal financial and estate planning goals and objectives. FCT is headquartered in Dubuque, Iowa. For more information, visit https://www.fctrust.com.