William DuMond, senior vice president at Marine Midland Bank, is board chairman of Participants Trust Co., New York.

Marine Midland, based in Buffalo, is a subsidiary of HSBC Holdings Inc. Participants Trust is a limited-purpose trust company owned by 34 big financial companies.

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.