Amicorp Bank and Trust

Amicorp Bank and Trust acts as an escrow agent, holding the funds and documents of the parties in a specially opened account. Assets are released once the conditions of an individual agreement are met, and the service also covers securities documents.

Services

The listed services are escrow, custody and trustee services. In an escrow arrangement the buyer and seller, or the borrower and lender, agree conditions in advance, and the bank holds the money or papers until those conditions are satisfied. Custody and trustee roles extend the same approach to safekeeping and to acting for beneficiaries.

Assets held

The assets named are cash, documents and securities documents. No digital-asset custody is listed, so the offer should be understood as a traditional bank and trust function.

Provider

The provider is described as a bank and trust company belonging to Amicorp Group.

Terms

Fees, jurisdictions, licence details and minimum amounts are not stated in the profile. Parties that plan a transaction should ask which entity would sign the escrow agreement, which regulator oversees it, and what conditions it requires for release.

Who it suits

Counterparties to a one-off transaction, for example a sale or a financing, that want funds and documents held neutrally until agreed conditions are met.