Our History

Beacon Trust has been providing investment management, planning and trust services since it was chartered in 1988.

Beacon Trust was acquired by Provident Bank in 2011 as part of the bank’s initiative to expand its wealth management services in response to the growing demand for sophisticated and reliable financial advice.

Founded in 1839, Provident Bank emphasizes personal service and customer convenience in attending to the financial needs of businesses, individuals and families. It offers a host of innovative deposit, loan, cash management, escrow account management and investment products.  

In 2014, Beacon Trust completed the acquisition of the wealth management division of Suffolk County National Bank, expanding its geographic footprint into New York. Beacon Trust also acquired The MDE Group and Acertus Capital Management in 2015, expanding its investment management, planning and tax preparation capabilities for its clients.

Beacon Trust maintains two indices listed on the American Stock Exchange and Chicago Mercantile Exchange, which are called the Beacon Spin-Off Index and the Beacon Global Timber Index.

Mergers & Acquisitions
 
Mergers & Acquisitions

Target
Seller
Industry
Type
Announce
Date
Completion Date Deal Value
($M)
Target Total
Assets ($000)
MDE Group Inc./Acertus Capital Management LLC Asset Manager 1/05/2015  4/01/2015 NA NA
Wealth management business
Suffolk Bancorp
Asset Manager 10/31/2014  10/31/2014 NA NA
Beacon Trust Company
Investor group
Asset Manager 5/19/2011  5/19/2011 NA NA
 
 
 

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