Reliance Financial Corp. announced Tuesday that its subsidiary, Reliance Trust Co., bought Harrington Wealth Management Co. from Pacific Western Bank.
Harrington provides trust and investment management services to individuals and institutional clients.
The price of the deal was not disclosed.
Kenneth J. Phelps, the chairman, chief executive officer and managing principal of Reliance Financial said the acquisition will help continue the expansion of the Atlanta-based company.
Three of Harrington’s wealth management experts, Richard E. Harrison, David R. Goodman and Larry O'Callaghan, will join Reliance Trust’s wealth management team. Acquiring Harrington expands Reliance into California, Indiana and the Kansas City area.
Harrington clients will immediately become Reliance Trust clients and will have access to Reliance Trust’s investment experts, products and technology.
Reliance Financial has more than $80 billion in assets under management and administration.