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Administration October 10, 2001
Securian Expands into Trust Services
October 10, 2001 (PLANSPONSOR.com) - Securian
Financial Group, a subsidiary of Minnesota Mutual Co, plans
to acquire the trust and investment services division of
Midway National Bank of St. Paul and create a new company
named Securian Trust Company.
Reported by editors@plansponsor.com
By adding trust services to its business, Securian aims to enhance its services to high-net-worth individuals and pension clients who seek rollover options for 401(k) plans
Securian is developing plans to provide access to the trust company through its national network of financial advisors and retirement consultants. It will keep Midway’s local services and personnel in place.
– Camilla
Klein
editors@plansponsor.com