FIRST AMERICAN TRUST NAMES R. DANIEL BANIS PRESIDENT
November 7, 2005, SANTA ANA, Calif.
First American Trustâ, FSB, a member of The First American Corporation (NYSE: FAF) family of companies, today announced that R. Daniel Banis has been named president. In this role, he will be responsible for overseeing the strategic planning for investment advisory and fiduciary services, growing the company by expanding into new markets and maintaining the overall operational areas related to trust and investment management services.
Banis, an industry veteran with more than 25 years of experience in the financial services industry, is well prepared for overseeing this organizational development and strategic vision. Under his leadership, First American Trust will continue to maintain the strong trustee services that the company was founded on, but will build on those services by broadening investment management offerings, as well as by focusing on brokerage referrals. The structure of the company will continue to rely upon the core competencies, including asset management, fiduciary expertise and financial and estate planning guidance for high net worth clients.
Banis has extensive knowledge of the issues pertaining to high net worth clients, including complex trusts and multigenerational family wealth issues. In 2002, he joined First American Trust as an executive vice president with responsibility for marketing and national sales. Prior to his tenure at First American, he spent six years with Fidelity Investments, where he was national sales manager of the Portfolio Advisory Services Division of the Private Wealth Management Group. Banis’ previous experience also includes positions in trust services with two of the nation’s largest banks.
In addition to earning a master’s degree in business administration from
First American Trust, a registered investment adviser and federal savings bank headquartered in