Umpqua Bank, a subsidiary of Umpqua Holdings, has formed a strategic alliance with New York Private Trust to launch a new trust services business.

Umpqua Trust Services will operate as a division of NYPT, providing high net worth families and individuals with client fiduciary solutions, including trust and foundation administration, estate administration, and directed trustee services.

Corporate and personal trust services include: asset protection trusts, q-tip trusts, irrevocable and revocable personal trusts, credit shelter trusts, incentive trusts, marital trusts, residuary trusts, generation skipping transfer trusts, estate settlement trusts, dynasty trusts, irrevocable life insurance trusts, and private annuity trusts, said the firm in a statement.

“The addition of trust services adds to Umpqua’s wealth management offerings, providing high net worth individuals with a comprehensive combination of services that meet our client’s needs and ensure that they have access to professionals with an acute understanding of fiduciary administration, investments, taxation, and estate planning,” said Ray Davis, chief executive of Umpqua Holdings Corporation.