Spinnaker Trust

Spinnaker Trust is a Maine bank chartered as a nondepository trust company. The firm was founded in December of 2000 as Spinnaker Advisors and began managing assets as Spinnaker Trust in April 2001. Spinnaker began operations on Milk Street in Portland's Old Port District and received its bank charter in August of 2001. At the end of 2001, Spinnaker rolled out its first fund of hedge funds, Spinnaker Diversified Managers Fund. This fund gave clients access to a diversified allocation of hedge fund managers, selected and overseen by Spinnaker professionals. By 2003, Spinnaker managed over $100,000,000 and, by the end of 2004, twice that. In 2007, Spinnaker launched its first private equity fund exposing its clients to another asset class. Spinnaker Trust converted to an ESOP company in 2007, allowing employees to become owners. In 2009, Spinnaker launched its first commercial real estate fund to clients. In 2010, Spinnaker was managing over $500,000,000 and had 14 employees.