Delaware · Limited-purpose trust company
First State Trust Company
Also used as First State Trust.
Former names: Citi Institutional Trust Company
Services offered
- Corporate trustee services
- Delaware directed trusts
- Discretionary trusts
- Custody and sub-custody
- Institutional trust (retirement plans, endowments, QSFs, and related appointments as marketed)
- Personal trusts
- Asset-protection trusts as marketed
Who it is for
- Financial advisors seeking Delaware administration while retaining investment advice
- Personal trust clients
- Institutional plan sponsors
Sourced facts
- On the Delaware Financial Institutions List as of 26 August 2026 under State Limited Purpose Trust Companies, at 2 Righter Way, Suite 300, Wilmington, DE 19803.
- The about page states the firm is regulated by the State of Delaware Banking Commissioner, is a privately owned independent trust company, and is an affiliate of Fi-Tek Group and of Nevada First Trust Company. It also states the company was formerly known as Citi Institutional Trust Company and has more than 40 years of history. The firm lists a West Palm Beach, Florida office in addition to Wilmington.
- The homepage markets an advisor-partnership model and discretionary and non-discretionary appointments.
Notes
First State Trust Company is on Delaware’s limited-purpose trust company roster at 2 Righter Way, Suite 300, Wilmington. The about page says it was formerly Citi Institutional Trust Company, is privately owned, and is an affiliate of Fi-Tek Group and of Nevada First Trust Company.
The public model is advisor partnership. The firm lists Delaware directed trusts among personal-trust work and says it can sit as trustee, agent, or custodian in discretionary or non-discretionary form. Confirm which seat and which entity; this page does not invent AUM.
What to verify next
Solid Delaware directed/admin option inside a tech and custody platform (Fi-Tek). Confirm the limited-purpose entity on the appointment, directed versus discretionary seat, and whether Nevada First Trust is a sister entity on a dual-state plan. Do not invent AUM — unverified marketing numbers are omitted.