+++ Banks and non-deposit trust companies ranked in order of 1994 market value of trust assets under management (dollar amounts in thousands) +++

Market Value of Rank Discretionary Assets 1994 1994 1 Bankers Trust New York Corp. 184,758,196 2 Wells Fargo & Co., San Francisco (a) 184,678,200 3 State Street Boston Corp. 164,896,867 4 Mellon Bank Corp., Pittsburgh (b) 157,765,000 5 J.P. Morgan & Co., Inc., New York 151,104,000 6 BankAmerica Corp., San Francisco (c) 101,902,000 7 Northern Trust Corp., Chicago 85,867,900 8 Citicorp, New York 73,600,000 9 NationsBank Corp., Charlotte, N.C. 57,400,000 10 Chemical Banking Corp., New York 56,585,000 11 PNC Bank Corp., Pittsburgh 56,422,000 12 Bank of New York Co., Inc. 47,879,000 13 Chase Manhattan Corp., New York 44,838,000 14 SunTrust Banks, Inc., Atlanta 41,811,276 15 Fidelity Management Trust Co., Boston 38,810,684 16 Capital Guardian Trust Co., Los Angeles 37,465,829 17 Boatmen s Bancshares, Inc., St. Louis, Mo. 37,441,423 18 NBD Bancorp., Inc., Detroit 35,589,537 19 First Chicago Corp. 35,473,349 20 U.S. Trust Corp., New York 34,200,000 21 Comerica Inc., Detroit 32,796,095 22 KeyCorp, Cleveland (d) 32,507,090 23 Norwest Corp., Minneapolis 32,041,356 24 Banc One Corp., Columbus, Ohio (e) 30,115,949 25 Fiduciary Trust Company International, New York 30,017,130 26 Wilmington Trust Corp., Del. 29,379,670 27 National City Corp., Cleveland 28,835,792 28 Harris Bankcorp., Inc., Chicago 28,370,738 29 Fleet Financial Group, Inc., Providence, R.I. ( 25,081,077 30 First Bank System, Inc., Minneapolis 24,509,839 31 First Union Corp., Charlotte, N.C. (g) 23,152,037 32 CoreStates Financial Corp., Philadelphia 22,743,307 33 First Interstate Bancorp., Los Angeles 18,685,533 34 Wachovia Corp., Winston-Salem, N.C. 17,084,000 35 First Fidelity Bancorporation, Newark, N.J. (g) 15,840,298 36 Firstar Corp., Milwaukee 15,088,059 37 Shawmut National Corp., Hartford, Conn. (f) 14,715,344 38 Bank of Boston Corp. 12,145,350 39 Mercantile Bancorporation, Inc., St. Louis, Mo. 11,822,754 40 Mercantile Bankshares Corp., Baltimore 10,184,465 41 First of America Bank Corp., Kalamazoo, Mich. 9,804,066 42 Bessemer Group, Inc., Woodbridge, N.J. 9,014,717 43 Barnett Banks, Inc., Jacksonville, Fla. 8,974,013 44 Crestar Financial Corp., Richmond 8,677,939 45 UMB Financial Corp., Kansas City, Mo. 8,511,961 46 AmSouth Bancorporation, Birmingham, Ala. 7,268,910 47 Meridian Bancorp, Inc., Reading, Pa. 7,165,941 48 Glenmede Corp., Philadelphia 6,855,659 49 Midlantic Corp., Edison, N.J. 6,793,874 50 Fifth Third Bancorp., Cincinnati 6,757,075 51 BanCal Tri-State Corp., San Francisco 6,748,720 52 La Salle National Corp., Chicago 6,434,374 53 Marshall & Ilsley Corp., Milwaukee (h) 6,324,133 54 OFFITBANK, New York 6,253,380 55 Bancorp Hawaii, Inc., Honolulu 5,977,091 56 Old Kent Financial Corp., Grand Rapids, Mich. 5,742,648 57 U.S. Bancorp., Portland, Ore. (i) 5,682,425 58 Union Bank, San Francisco (j) 4,980,817 59 First Tennessee National Corp., Memphis 4,791,359 60 Star Banc Corp., Cincinnati 4,604,786 61 Commerce Bancshares, Inc., Kansas City, Mo. 4,524,442 62 Integra Financial Corp., Pittsburgh 4,463,680 63 Riggs National Corp., Washington, D.C. 4,257,705 64 Marine Midland Banks, Inc., Buffalo, N.Y. 4,228,830 65 American Express Trust Co., Minneapolis 4,035,547 66 First Maryland Bancorp., Baltimore 3,965,813 67 UJB Financial Corp., Princeton, N.J. 3,877,389 68 BayBanks, Inc., Boston 3,525,636 69 Cullen/Frost Bankers, Inc., San Antonio 3,200,253 70 UST Corp., Boston 3,059,174 71 BOK Financial Corp., Tulsa, Okla. 2,950,507 72 First Security Corp., Salt Lake City, Utah 2,847,962 73 Signet Banking Corp., Richmond 2,839,952 74 Regions Financial Corp., Birmingham, Ala. 2,731,990 75 Associated Banc-Corp., Green Bay, Wis. 2,580,615 76 First American Corp., Nashville, Tenn. 2,543,848 77 Fourth Financial Corp., Wichita, Kan. 2,510,896 78 Compass Bancshares, Inc., Birmingham, Ala. 2,485,800 79 First National of Nebraska, Inc., Omaha 2,432,025 80 Deposit Guaranty Corp., Jackson, Miss. 2,284,118 81 Huntington Bancshares Inc., Columbus, Ohio 2,255,590 82 Firstier Financial, Inc., Omaha, Neb. (k) 2,255,283 83 Amalgamated Bank of New York 2,244,221 84 Liberty Bancorp, Inc., Oklahoma City 2,226,673 85 Michigan National Corp., Farmington Hills 2,061,725 86 Dauphin Deposit Corp., Harrisburg, Pa. 2,015,346 87 National Westminster Bancorp, Inc., Jersey City 1,915,489 88 Hibernia Corp., New Orleans, La. 1,826,262 89 SouthTrust Corp., Birmingham, Ala. 1,791,439 90 First Hawaiian, Inc., Honolulu 1,768,470 91 First Empire State Corp., Buffalo, N.Y. 1,651,210 92 First Commerce Corp., New Orleans, La. 1,646,030 93 Premier Bancorp, Inc., Baton Rouge, La. 1,627,244 94 Summit Bancorporation, Chatham, N.J. 1,580,760 95 Fort Wayne National Corp., Ind. 1,516,154 96 FirstMerit Corp., Akron, Ohio 1,493,700 97 IBJ Schroder Bank & Trust Co., New York 1,444,131 98 West One Bancorp, Boise, Idaho (i) 1,441,178 99 Citizens Banking Corp., Flint, Mich. 1,368,302 100 Republic New York Corp. 1,249,142

Totals for the Top 100 2,321,692,563 part 2 of 3

Market Value of Rank All Fiduciary

Percent Rank Trust Assets 1994 1993 Change 1993 1994 1 Bankers Trust Ne 182,200,000 1.4 1 545,462,596 2 Wells Fargo & Co 177,352,500 4.13 2 224,412,200 3 State Street Bos 134,465,282 22.63 4 1,552,994,599 4 Mellon Bank Corp 105,029,000 50.21 6 788,008,000 5 J.P. Morgan & Co 150,762,000 0.23 3 895,294,000 6 BankAmerica Corp 130,871,057 -22.14 5 399,932,000 7 Northern Trust C 77,690,700 10.53 7 509,156,100 8 Citicorp, New Yo 73,000,000 0.82 8 610,200,000 9 NationsBank Corp 59,173,427 -3 9 163,600,000 10 Chemical Banking 48,524,792 16.61 12 120,461,000 11 PNC Bank Corp., 56,607,901 -0.33 10 217,250,000 12 Bank of New York 53,894,000 -11.16 11 960,643,000 13 Chase Manhattan 38,513,000 16.42 14 597,293,000 14 SunTrust Banks, 42,191,021 -0.9 13 59,057,801 15 Fidelity Managem 35,100,000 10.57 15 131,861,278 16 Capital Guardian 29,713,873 26.09 23 59,811,917 17 Boatmen s Bancsh 34,047,307 9.97 16 71,530,093 18 NBD Bancorp., In 30,284,541 17.52 22 100,051,725 19 First Chicago Co 32,803,909 8.14 20 184,617,527 20 U.S. Trust Corp. 33,400,000 2.4 17 300,100,000 21 Comerica Inc., D 32,996,462 -0.61 18 74,177,187 22 KeyCorp, Clevela 33,395,035 -2.66 65 65,456,090 23 Norwest Corp., M 30,514,600 5 21 77,773,365 24 Banc One Corp., 31,420,473 -4.15 25 130,000,000 25 Fiduciary Trust 27,649,882 8.56 26 67,240,633 26 Wilmington Trust 26,435,945 11.14 27 78,667,034 27 National City Co 32,915,181 -12.39 19 55,878,384 28 Harris Bankcorp. 22,469,904 26.26 30 178,815,516 29 Fleet Financial 24,396,178 2.81 28 32,654,805 30 First Bank Syste 21,547,580 13.75 32 81,642,235 31 First Union Corp 23,074,796 0.33 29 37,827,061 32 CoreStates Finan 22,222,062 2.35 31 163,828,017 33 First Interstate 18,870,429 -0.98 34 116,560,042 34 Wachovia Corp., 17,950,000 -4.82 35 78,972,000 35 First Fidelity B 16,606,975 -4.62 36 46,184,888 36 Firstar Corp., M 14,809,340 1.88 38 19,862,820 37 Shawmut National 15,548,800 -5.36 37 22,813,622 38 Bank of Boston C 13,609,430 -10.76 39 54,348,705 39 Mercantile Banco 13,571,220 -12.88 40 16,661,452 40 Mercantile Banks 9,913,514 2.73 41 24,448,431 41 First of America 9,317,028 5.23 43 16,848,901 42 Bessemer Group, 8,256,127 9.19 45 10,070,511 43 Barnett Banks, I 9,461,171 -5.15 42 12,585,220 44 Crestar Financia 8,089,053 7.28 46 26,300,882 45 UMB Financial Co 8,692,665 -2.08 44 189,829,693 46 AmSouth Bancorpo 6,022,347 20.7 54 17,689,405 47 Meridian Bancorp 6,585,546 8.81 49 25,164,999 48 Glenmede Corp., 7,983,070 -14.12 47 7,152,714 49 Midlantic Corp., 5,644,401 20.36 57 10,849,677 50 Fifth Third Banc 6,986,548 -3.28 48 43,100,163 51 BanCal Tri-State 6,496,000 3.89 50 10,486,277 52 La Salle Nationa 6,439,233 -0.08 51 17,508,666 53 Marshall & Ilsle 7,100,750 -10.94 56 20,086,048 54 OFFITBANK, New Y 6,037,837 3.57 53 6,282,145 55 Bancorp Hawaii, 6,355,342 -5.95 52 11,931,009 56 Old Kent Financi 5,845,943 -1.77 55 8,312,572 57 U.S. Bancorp., P 5,552,901 2.33 58 7,586,888 58 Union Bank, San 4,939,103 0.84 59 11,660,348 59 First Tennessee 3,466,966 38.2 69 11,326,431 60 Star Banc Corp., 4,587,229 0.38 61 11,628,146 61 Commerce Bancsha 4,299,164 5.24 66 9,549,560 62 Integra Financia 4,561,973 -2.15 62 7,043,079 63 Riggs National C 4,396,928 -3.17 63 8,182,262 64 Marine Midland B 4,396,869 -3.82 64 38,157,905 65 American Express 4,862,671 -17.01 60 20,286,872 66 First Maryland B 3,561,924 11.34 68 21,833,182 67 UJB Financial Co 3,914,000 -0.94 67 8,132,099 68 BayBanks, Inc., 3,114,502 13.2 72 6,435,281 69 Cullen/Frost Ban 3,255,672 -1.7 71 5,526,774 70 UST Corp., Bosto 3,356,504 -8.86 70 3,132,997 71 BOK Financial Co 2,556,053 15.43 79 4,518,268 72 First Security C 3,009,621 -5.37 75 5,271,170 73 Signet Banking C 2,870,086 -1.05 76 5,269,988 74 Regions Financia 2,579,517 5.91 78 6,045,392 75 Associated Banc- 2,501,275 3.17 81 3,919,801 76 First American C 2,324,822 9.42 86 3,929,213 77 Fourth Financial 2,551,415 -1.59 80 3,113,735 78 Compass Bancshar 3,056,485 -18.67 73 5,108,935 79 First National o 2,135,733 13.87 89 2,432,025 80 Deposit Guaranty 2,419,473 -5.59 83 10,239,911 81 Huntington Bancs 2,635,803 -14.42 77 7,307,590 82 Firstier Financi 2,409,279 -6.39 84 10,404,021 83 Amalgamated Bank 2,492,200 -9.95 82 6,410,612 84 Liberty Bancorp, 2,371,387 -6.1 85 3,872,358 85 Michigan Nationa 2,156,316 -4.39 88 8,348,722 86 Dauphin Deposit 1,976,258 1.98 92 3,826,800 87 National Westmin 1,354,364 41.43 102 4,367,365 88 Hibernia Corp., 2,003,045 -8.83 91 4,384,650 89 SouthTrust Corp. 2,005,166 -10.66 90 3,514,074 90 First Hawaiian, 2,316,527 -23.66 87 7,588,076 91 First Empire Sta 1,630,246 1.29 94 11,422,889 92 First Commerce C 1,592,301 3.37 96 3,885,634 93 Premier Bancorp, 1,674,917 -2.85 93 4,091,309 94 Summit Bancorpor 1,536,893 2.85 98 3,515,888 95 Fort Wayne Natio 1,547,709 -2.04 97 1,901,429 96 FirstMerit Corp. 1,625,112 -8.09 95 3,072,574 97 IBJ Schroder Ban 1,357,948 6.35 101 17,924,812 98 West One Bancorp 1,485,847 -3.01 99 3,844,839 99 Citizens Banking 1,421,807 -3.76 100 2,106,811 100 Republic New Yor 1,141,639 9.42 106 3,163,704

Totals for the T 2,211,860,827 4.97 10,685,032,424 part 3 of 3

Market Value of Discretionary Assets Rank Discretionarty Asset Percent as a % of Total 1994 1993 Change 1994 1993 1 Bankers Trust Ne 488,100,000 11.75 33.87 37.33 2 Wells Fargo & Co 218,567,500 2.67 82.29 81.14 3 State Street Bos1,505,498,390 3.15 10.62 8.93 4 Mellon Bank Corp 683,199,000 15.34 20.02 15.37 5 J.P. Morgan & Co 873,160,000 2.53 16.88 17.27 6 BankAmerica Corp 429,062,617 -6.79 25.48 30.5 7 Northern Trust C 480,281,900 6.01 16.86 16.18 8 Citicorp, New Yo 584,000,000 4.49 12.06 12.5 9 NationsBank Corp 168,792,685 -3.08 35.09 35.06 10 Chemical Banking 168,902,504 -28.68 46.97 28.73 11 PNC Bank Corp., 192,027,755 13.13 25.97 29.48 12 Bank of New York 862,336,000 11.4 4.98 6.25 13 Chase Manhattan 510,425,000 17.02 7.51 7.55 14 SunTrust Banks, 58,537,722 0.89 70.8 72.07 15 Fidelity Managem 89,100,000 47.99 29.43 39.39 16 Capital Guardian 55,791,615 7.21 62.64 53.26 17 Boatmen s Bancsh 71,052,376 0.67 52.34 47.92 18 NBD Bancorp., In 103,065,727 -2.92 35.57 29.38 19 First Chicago Co 163,691,597 12.78 19.21 20.04 20 U.S. Trust Corp. 274,800,000 9.21 11.4 12.15 21 Comerica Inc., D 74,999,791 -1.1 44.21 44 22 KeyCorp, Clevela 74,283,582 -11.88 49.66 44.96 23 Norwest Corp., M 107,979,338 -27.97 41.2 28.26 24 Banc One Corp., 134,966,964 -3.68 23.17 23.28 25 Fiduciary Trust 65,171,891 3.17 44.64 42.43 26 Wilmington Trust 76,736,459 2.52 37.35 34.45 27 National City Co 50,638,546 10.35 51.6 65 28 Harris Bankcorp. 161,839,166 10.49 15.87 13.88 29 Fleet Financial 31,816,293 2.64 76.81 76.68 30 First Bank Syste 75,706,024 7.84 30.02 28.46 31 First Union Corp 38,994,957 -2.99 61.2 59.17 32 CoreStates Finan 163,309,745 0.32 13.88 65.34 33 First Interstate 122,989,410 -5.23 16.03 15.34 34 Wachovia Corp., 92,287,000 -14.43 21.63 19.45 35 First Fidelity B 47,916,237 -3.61 34.3 34.66 36 Firstar Corp., M 21,236,392 -6.47 75.96 69.74 37 Shawmut National 24,760,342 -7.86 64.5 62.8 38 Bank of Boston C 53,104,518 2.34 22.35 25.63 39 Mercantile Banco 19,087,554 -12.71 70.96 71.1 40 Mercantile Banks 24,023,760 1.77 41.66 41.27 41 First of America 15,264,216 10.38 58.19 61.04 42 Bessemer Group, 10,059,450 0.11 89.52 82.07 43 Barnett Banks, I 13,507,696 -6.83 71.31 70.04 44 Crestar Financia 27,715,691 -5.1 32.99 29.19 45 UMB Financial Co 187,126,099 1.44 4.48 4.65 46 AmSouth Bancorpo 16,041,683 10.27 41.09 37.54 47 Meridian Bancorp 23,173,395 8.59 28.48 28.42 48 Glenmede Corp., 8,404,083 -14.89 95.85 94.99 49 Midlantic Corp., 9,727,348 11.54 62.62 58.03 50 Fifth Third Banc 38,792,080 11.11 15.68 18.01 51 BanCal Tri-State 10,251,000 2.3 64.36 63.37 52 La Salle Nationa 17,966,838 -2.55 36.75 35.84 53 Marshall & Ilsle 20,662,360 -2.79 31.49 34.37 54 OFFITBANK, New Y 6,062,441 3.62 99.54 99.59 55 Bancorp Hawaii, 11,142,075 7.08 50.1 57.04 56 Old Kent Financi 8,753,911 -5.04 69.08 66.78 57 U.S. Bancorp., P 7,246,959 4.69 74.9 76.62 58 Union Bank, San 12,022,024 -3.01 42.72 41.08 59 First Tennessee 10,303,900 9.92 42.3 33.65 60 Star Banc Corp., 7,778,147 49.5 39.6 58.98 61 Commerce Bancsha 9,345,576 2.18 47.38 46 62 Integra Financia 6,010,764 17.17 63.38 75.9 63 Riggs National C 8,780,256 -6.81 52.04 50.08 64 Marine Midland B 46,260,757 -17.52 11.08 9.5 65 American Express 19,686,762 3.05 19.89 24.7 66 First Maryland B 26,201,732 -16.67 18.16 13.59 67 UJB Financial Co 17,502,000 -53.54 47.68 22.36 68 BayBanks, Inc., 6,134,770 4.9 54.79 50.77 69 Cullen/Frost Ban 6,046,980 -8.6 57.9 53.84 70 UST Corp., Bosto 3,436,903 -8.84 97.64 97.66 71 BOK Financial Co 4,025,916 12.23 65.3 63.49 72 First Security C 5,565,653 -5.29 60.16 54.07 73 Signet Banking C 5,179,825 1.74 53.89 55.41 74 Regions Financia 3,910,602 54.59 45.19 65.96 75 Associated Banc- 3,687,902 6.29 65.84 67.82 76 First American C 3,881,395 1.23 64.74 59.9 77 Fourth Financial 6,150,064 -49.37 80.64 41.49 78 Compass Bancshar 5,937,110 -13.95 48.66 51.48 79 First National o 5,719,281 NM N.A. 37.34 80 Deposit Guaranty 10,215,630 0.24 22.31 23.68 81 Huntington Bancs 13,918,192 -47.5 30.87 18.94 82 Firstier Financi 10,340,364 0.62 21.68 23.3 83 Amalgamated Bank 6,481,800 -1.1 35.01 38.45 84 Liberty Bancorp, 4,166,233 -7.05 57.5 56.92 85 Michigan Nationa 5,568,708 49.92 24.7 38.72 86 Dauphin Deposit 3,632,310 5.35 52.66 54.41 87 National Westmin 3,372,365 29.5 43.86 40.16 88 Hibernia Corp., 4,168,286 5.19 41.65 48.05 89 SouthTrust Corp. 5,424,007 -35.21 50.98 36.97 90 First Hawaiian, 7,104,254 6.81 23.31 32.61 91 First Empire Sta 10,685,839 6.9 14.46 15.26 92 First Commerce C 3,783,922 2.69 42.36 42.08 93 Premier Bancorp, 6,690,438 -38.85 39.77 25.03 94 Summit Bancorpor 1,813,764 93.84 44.96 84.74 95 Fort Wayne Natio 2,040,230 -6.8 79.74 75.86 96 FirstMerit Corp. 3,224,275 -4.7 48.61 50.4 97 IBJ Schroder Ban 15,303,672 17.13 8.06 8.87 98 West One Bancorp 4,178,958 -8 37.48 35.56 99 Citizens Banking 2,066,824 1.93 64.95 68.79 100 Republic New Yor 3,091,777 2.33 39.48 36.93

Totals for the T 10,224,977,84 4.5 21.73 21.63 === Data Source: American Banker survey. All 1993 data, except rank, have not been restated for mergers. Discretionary (managed) trust assets are assets of fiduciary type accounts (trust and estates and agencies) over which a company is authorized to make or recommend investment decisions or where the company shares investment power. All fiduciary trust assets includes discretionary assets and nondiscretionary (non-managed) trust assets. Excluded are corporate trust accounts and non-difuciary institutional custody accounts. Data are consolidated to include both domestic and foreign subsidiaries. (a)- Data include Wells Fargo Nikko Investment Advisors, which is in the process of being sold to Barclays Plc., London. Wells Fargo Nikko has $171 billion in assets under management. (b)- Acquired Dreyfus Corp., in Aug. 1994. The 1994 data include $62.055 billion in assets formerly managed by Dreyfus. (c)- In February, the bank announced that it was leaving the institutional trust business and is in the process of selling a sizable portion of that business to Bank of New York. Also, the 1993 data have been restated for the acquisition of Continental Bank Corp., Chicago. in Sept.1994.(d)- The 1993 data have been restated for the acquisition of Society Corp. in March 1994. (e)- The 1993 data have been restated for the acquisition of Liberty National Bancorp, Inc., Louisville, Ky. in August 1994. (f)- Fleet Financial is the the process of acquiring Shawmut, Had the merger taken place at yearend, Fleet would have ranked 15th with $39.8 billion in managed trust assets. (g)- First Union announced plans to merge with First Fidelity. Had the merger taken place at yearend, First Union would have ranked 16th with $39.0 billion in managed trust assets. (h)- The 1993 data have been restated for the acquisition of Valley Bancorp, Appleton, Wis., in Dec. 1994. (i)- U.S. Bancorp is in the process of acquiring West One. Had the merger taken place at yearend, U.S. Bancorp would have ranked 48th with $7.12 billion in managed trust assets. (j)- Union Bank and Bank of Tokyo Trust Co., New York, are both subsidiaries of Bank of Tokyo Ltd., Japan. Combined the two banks have $5.8 billion in managed trust assets. If the combined figure was used, Bank of Tokyo Ltd. would rank 56th in this listing. (k)- Total fiduciary trust assets for 1994 were not available. The data shown are managed trust assets only. N.A.- Not available. NM- Non meaningfil. Compiled by American Banker, 1995.

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.