Trust Firms Reporting Positive Growth So Far This Year

The Trust Advisor Blog reports that trust departments in full-service banks and specialized trust firms saw an increase in assets and profits during the first quarter of 2010.  While other departments within full-service banks continue to face problems, wealth management operations are standing out on a positive note.

For more information, see Scott Martin, Trust Firms’ Profits Stay Positive in First Quarter, Trust Advisor Blog, May 1, 2010.