An escrow agent is a person or entity that holds property in trust for a third party while a transaction is finalized or a disagreement is resolved. Typically, a financial institution provides the escrow agent services and can hold assets, invest funds, handle tax reporting and manage distributions on behalf of the organization it represents.
An ideal escrow agent has a comprehensive team of advisors working on behalf of its client. This includes in-house attorneys and a specialized relationship managers experienced in a broad range of corporate transactions, including mergers and acquisitions, capital raise or litigation settlements.
UMB is a nationally recognized and ranked provider of corporate trust and escrow services. For more information, please contact a UMB Corporate Trust representative.