Argent Financial Group

Argent Financial Group provides institutional custody and cash escrow for M&A, earn-outs, private placements and subscription agreements. Its services also cover settlements for PPP, court settlements and environmental obligations.

Services

The listed services are custody and escrow, earn-out payments, M&A escrow and subscription escrow. An escrow agent holds money until the agreed conditions are met, which protects both sides of an acquisition, an earn-out or an investor subscription before closing.

Assets and clients

The assets are cash and securities. Clients include corporations and financial institutions, among others, with six client groups in the full list. The market is the United States.

Related names

The group is also known under other names, including Argent Institutional Trust Company (AITC), TMI Trust and Salem Trust, which is useful to know when reading agreements or searching for the contracting entity.

Terms

Fees, licensing and minimum balances are not given in the profile. Parties should ask which trust company would serve as the escrow agent, how funds are invested while held, and what the release instructions look like.

Who it suits

Dealmakers, issuers and counsel in the United States who need a fiduciary to hold cash for corporate transactions and legal settlements.