Northwestern Mutual’s application for a limited-purpose federal thrift charter was approved last month by the Office of Thrift Supervision. The charter will enable the company to form Northwestern Mutual Trust Company, which is expected to be operational in January 2001. Northwestern Mutual Trust will offer a full range of personal trust products and services, as well as investment management services, according to James D. Ericson, Northwestern Mutual’s chairman and CEO.
Was this article valuable?
Here are more articles you may enjoy.
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
Health Officials Downplay Pandemic Risk From Cruise Hantavirus Outbreak 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
Florida, Louisiana Insurer Safepoint Reveals 97% Revenue Surge in IPO filing From This Issue
