Northern Trust Bank – Online Services of First Northern Bank and Trust

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Northern Trust Corporation is an American international banking and financial services company. The first Northern bank and trust was founded in 1889 by Byron smith in Chicago, Illinois. The bank also has offices in North America, Europe and Asia-Pacific region.


 Its three main products are

  1.  private banking,
  2. Investment management,
  3. Wealth management.

The bank’s total assets worth US$117.8billion, employs over 16,000 people and is ranked one of the largest custodian banks in the world.

To bank online with Northern trust click here.

Brief History of the bank

Even though the company faced a serious financial crisis in the early 1990s, aggressive management, write-offs and loan reserves enabled the company to restore its asset quality.

The bank also provides products and services to individuals and business personnel with assets exceeding $75million. Northern Trust bank is one of the largest custodian banks in the world serving:

  1.  Foundations,
  2.  Corporate and public retirement,
  3. Insurance,
  4. Government funds.

Services of Northern Trust Bank

Northern Trust  bank provides the following services:

Wealth Management:

  1. This provides private and business banking, 
  2. Investment management, 
  3. Personal trust,
  4.  Custody and philanthropic services,
  5.  Guardianship and estate administration,
  6.  Financial consulting,
  7.  Qualified retirement plans.

It focuses on high net-worth

  • Individuals and families,
  •  Professionals,
  • Executives,
  •  Retirees,
  • Business owners and privately held businesses in target market.

Asset Management:

It offers alternative asset classes such as:

  1. Private equity and hedge funds of funds,
  2.  Both active and passive equity and fixed income portfolio management,
  3.  Multi-manager products and services. It also includes brokerage and related services.

Corporate and Institutional Services this provides:

  1.  Asset management,
  2.  Asset servicing,
  3.  Related services to corporate and public retirement funds,
  4.  Endowments,
  5.  Companies,
  6.  Foundations,
  7.  Companies,
  8.  Fund managers,
  9.  Government funds.

It also provides some related foreign exchange services in some countries like the United States, the United Kingdom and Singapore.

It provides services like:

  • Commercial banking services, with emphasis on developing and supporting institutional relationships in large and mid-sized corporations,
  • Financial institutions
  • Investment management,
  • Securities lending,
  • Transition management,
  • Commission recapture services.

Online Services of First Northern Bank and Trust

Northern bank and Trust provides online services for only

  1. Its wealth management services through Private Passport,
  2. An online platform that enables customers to manage all their account in one convenient place.

It accommodates customers with both simple needs and those with complex financial portfolios.

 Through the use of a mobile phone, the private passport can also be accessed.

Northern Trust Bank Awards and Recognition

Northern Trust has received the following awards:

  1. World’s most admired companies by Fortune Magazine 2016.
  2. America’s Best Large Employers – Banking and Financial Services by Forbes, 2016.
  3. World’s Most Ethical Company by Ethisphere Institute, 2016.
  4. World’s Best Private Bank – The United States by the Global Finance, 2015.
  5. Best Banks in America by Forbes, 2015.

The corporation has also received awards for excellent performance in the following:

  1.  Corporate responsibility,
  2.  Asset servicing,
  3.  Wealth management,
  4.  Asset management,
  5.  Technological innovations.

WEBSITE of Northern Trust Bank

  The website provides information about:

  1.  The corporation,
  2.  Its insights and research,
  3.  Its products and services,
  4.  Provides access to Private Passport,  
  5. The online platform for wealth management.

Thanks for Reading…

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