Northern 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
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Federal Equity Investment |
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Total Revenue |
$5.40 billion (2007) |
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Net Income |
$726.9 million (2007) |
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Number of Employees |
10,918 |
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Corporate Headquarters |
Chicago, Illinois |
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Business Sector |
Banking |
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Officers and Directors |
Waddell, Frederick, President, Chief Executive Officer, Director |
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Corporate Website |
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Executive Compensation |
2007 Northern Trust Annual Report
USAspending.gov (last accessed 03/18/2009)
Center for Responsive Politics (last accessed 03/18/2009)
February 5, 2009 Investors Prefer Northern Trust Over Big Banks INVESTOR'S BUSINESS DAILY
October 27, 2008 Northern Trust Corp: Participating in Treasury's TARP capital purchase program TradetheNews.com
Last Updated March 18, 2009
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