Northern Trust logoNorthern Trust Corporation is a financial holding company for Northern Trust Company. The company has 85 offices in the United States and an additional twelve international offices. Northern Trust is headquartered in Chicago, Illinois. Despite that it is a regional institution, Northern Trust is one of the world’s largest financial custodians, and counts many of the world’s wealthiest families as clients.

On November 14, 2008, the company received $1.58 billion as a result of the Treasury Department Capital Purchase Program. The company returned the funds in full on June 9, 2009.

Northern Trust is the lead sponsor of the Northern Trust Open, a Professional Golf Association event held annually in Pacific Palisades, California. The company’s sponsorship began in 2008, and will continue through 2012 under the existing contract.


Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles


Bailout Bank Bio: Northern Trust

 

Federal Equity Investment

$1.576 billion

Total Revenue

$5.40 billion (2007)
$5.73 billion (2008)

Net Income

$726.9 million (2007)
$794.8 million (2008)

Number of Employees

10,918

Corporate Headquarters

Chicago, Illinois

Business Sector

Banking

Officers and Directors

Waddell, Frederick,  President, Chief Executive Officer, Director

Other Officers and Directors

Corporate Website

http://www.ntrs.com

Executive Compensation

Northern Trust

►Financial Documents

2008 Northern Trust Form 10-K

2008-10-27 Northern Trust 8K

2008-09-30 Northern Trust 10Q

2008 Northern Trust Proxy

2007 Northern Trust Annual Report

2007 Northern Trust 10K

Federal contracts

USAspending.gov (last accessed 03/18/2009)

Lobbying reports (if any)

Third Quarter 2008

Political Contributions

Center for Responsive Politics (last accessed 03/18/2009)

Related Articles

February 5, 2009 Investors Prefer Northern Trust Over Big Banks INVESTOR'S BUSINESS DAILY

November 10, 2008 Northern Trust to receive TARP capital

Pensions & Investments

October 27, 2008 Northern Trust Corp: Participating in Treasury's TARP capital purchase program TradetheNews.com

 

Last Updated March 18, 2009

Share This Story!

Related Posts