Boston Trust Walden Co. in Boston has received conditional approval from the Office of the Comptroller of the Currency to convert from a state-chartered bank to a national trust bank.
The company, which manages about $16 billion of assets, will become Boston Trust Walden NA on Jan. 1.
The board chose to obtain a national trust bank charter because it enables the bank to more easily provide trust and fiduciary services nationwide.
“Establishing a national trust bank marks a significant milestone in advancing our mission to be a trusted partner to clients,” Stephen Amyouny, Boston Trust’s co-CEO, said in a press release. “A national charter allows us to provide a comprehensive suite of services to our clients nationwide.”