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Illinois bank taps a partner to help launch trust business
American Banker· 2026-02-02 19:14
Key insight: Signature Bank in Rosemont, Illinois, had tracked an increase in trust-related queries from customers prior to launching Signature Trust last week. Supporting data: Some banks, including industry leaders like Huntington, Citi and BMO Harris, opted to offload their trust units in a bid to streamline operations. Expert quote:  "I've seen the pull-back. Even some of the partners we used to refer trust business to are getting out because of the cost structure and compliance." — Signature Chicago We ...