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Overview / Commentary
303-705-6000
7103 South Revere Parkway
Centennial, CO 80112

Trust Company of America is headquartered in Centennial and is the 13th largest bank in the state of Colorado. It is also the 1,040th largest bank in the nation. It was established in 1992 and as of September of 2016, it had grown to 175 employees at 1 location. Trust Company of America has a C+ health rating.

Reviews (3)

Gives Price Gouging A Bad Name

I have had an IRA account with this firm for more than 25 years, with very little activity over that time (I was required to have an account with a trust company in order to hold the type of asset as an IRA). They did send me quarterly statements, as required, and have lately been charging me $175 annually for this. Recently, the asset in the account was sold, and I decided to roll the IRA to Vanguard, whose fees on IRAs are zero. I then got a notice from Trust Company of America that they were raising the annual account fee to $550, effective immediately, AND imposing a 1% fee on any transfers to other institutions. Total additional cost to me: $1500. Vanguard says its highly unusual for a firm to impose a big charge on an IRA rollover. But The Colorado Department of Bank Regulation says there's no law against the practice in Colorado. I'm closing my account, and would advise others to stay away from them.

Tiny Fund, Tiny Bank. STAY AWAY!

We were told this fund was "managed" and we are paying much higher fees that a mutual fund to protect our money from large swings in the market. In less than a year my SEP RETIREMENT IRA lost over 26% in value.

My Experience And Opinion

Posted by: Anonymous | Jan 24, 2012

Outrageous fees and inferior customer service, would never do business with them again or recommend them.



Health
C+

Health Grade Components

Overall
FDIC Certificate #33639
Year Established1992
Employees175
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD20.61%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$700.3MM$807.3MM
LoansQ3 2016vs Q3 2015$0$0
DepositsQ3 2016vs Q3 2015$652.6MM$762.7MM
Equity CapitalQ3 2016vs Q3 2015$45.5MM$42.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$0$0
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$0$0
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates

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Locations


Trust Company of America Locations
Trust Company Of America7103 South Revere ParkwayCentennial, CO 80112