Northern Trust to Provide Correspondent Trust Services for 1st Source Bank

CHICAGO, May 3 /PRNewswire-FirstCall/ -- Northern Trust announced today it will provide Depository Custody Services for 1st Source Bank in South Bend, Indiana.  The new mandate totals $3 billion, with Northern Trust providing full-service domestic custody, transaction settlement, and income collection, among other services.  

"Northern Trust is a leader in custody services, and their experience and expertise in banking and trust services better serve our clients," said Steven Wessell, Senior Vice President of 1st Source Bank.  "Given Northern Trust's domestic and global custody capabilities, this new partnership will allow us to provide our clients with secure custody of assets from a recognized trust company."

Northern Trust is a leader in the correspondent trust services industry.  As a full and active member of the Depository Trust Company, Northern Trust works hard to promote continuous process improvement.  Northern Trust's dedicated team has an average of more than 20 years of experience, and efficiently offers services such as domestic assets, Federal Reserve assets and global assets.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2010, Northern Trust had assets under custody of US$3.7 trillion, and assets under investment management of US$647.3 billion. For 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.

SOURCE Northern Trust

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