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The State Street Global Advisors Trust Company serves as an trustee for SSGA's US unregistered collective and common trust funds, some SSGA sponsored ETFs including the SPDR S&P 500 ETF Trust, and separately managed accounts. [4] As a whole, SSBT is the principal operating company within its parent company State Street Corporation. [5]
State Street Bank and Trust Company, also known as State Street Global Services, is the securities services division of State Street that provides asset owners and managers with securities services (e.g. custody, corporate actions), fund accounting (pricing and valuation), and administration (financial reporting, tax, compliance, and legal) services.
Depending on the specifics of the bank charter, these licenses are available variously from FDIC, Federal Reserve Board of Governors, or state regulators. Another option for such a bank is to create a State-chartered Trust Company and hold it as a subsidiary corporation.
In December 1964, the Mercantile Trust Company converted from a state‐chartered trust company into a national bank and was renamed Mercantile Trust Company National Association. [4] Mercantile Trust Company formed a holding company in 1970 called Mercantile Bancorporation to allow it to acquire other banks and to expand beyond St. Louis. [5] [6]
Jan. 8—Less than four years after Atlantic Capital Bank and FSG in Chattanooga spun off its wealth management and trust business to create Southeastern Trust Co., the growing chartered trust ...
The country's first trust company was the Toronto General Trusts Corporation, which received its charter in 1872. [2] By the turn of the century, 14 trust companies had received charters. [ 3 ]
Gensler added there are a number of state chartered trust companies, federally chartered or state chartered banks, and other business models that may meet the qualified custodian standard with ...
Sterling Financial Corporation (NAS: STSA) of Spokane, Washington, is the bank holding company for Sterling Savings Bank, a Washington state chartered and federally insured commercial bank.