Morristown, NJ-based Beacon Trust Company, a subsidiary of The Provident Bank, has hired Loren Sattinger as a vice president and trust officer.

In his new role, Sattinger is responsible for the administration of estate settlements, working with investment managers, wealth advisors and estate beneficiaries to ensure that the terms of wills are followed and estate distributions are made in a timely manner.  

Sattinger has over 38 years of experience in the financial industry. Prior to joining Beacon Trust, he served as vice president and trust officer for 12 years with Citi Trust. There, he was in charge of the administration of trusts, estates, IRAs and investment management accounts.

Earlier in his career, he was chief trust officer and senior vice president for several of the chartered trust entities for Merrill Lynch Trust Company.

At the end of August, Beacon Trust hired Frank Deluca as a vice president and wealth advisor. Deluca joined Beacon Trust from Bank of America Merrill Lynch, where he was a client manager and wealth management banker. 

Beacon Trust Company offers wealth management, family office, trust and estate, and tax planning services. The Provident Bank is the wholly-owned subsidiary of New York-listed Provident Financial Services.