Company promises service to $500,000-plus account holders
DOWNTOWN - A new trust bank has opened its doors, hoping to give the trust departments of Pittsburgh's three big banks a run for their money.
Smithfield Trust Co. principals include a former Integra Bank trust official and two former Buchanan Ingersoll attorneys. It has trust powers only, meaning it does not give loans or accept deposits.
With a $500,000 minimum account level for individuals, Smithfield Trust handles money primarily for wealthy individuals and charities.
Located in National City Center, Downtown, the trust's six principals and founders are: Robert Kopf, a former estate attorney …