Banc One Corp. and Crestar Financial Corp. have renewed their outsourcing contracts with SEI Corp. for trust accounting.

Terms of the deals were not disclosed. Bank One, Columbus, Ohio, signed a four-year deal for SEI to process 64,000 employee benefit and personal trust accounts, which will grow to 75,000 accounts by the end of the year, representing a $115 billion-asset business.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.