Kentucky banking

If Your Bank Trustee Fails, What Happens To Your Trust Account?

A recent post on The Trust Advisor Blog (courtesy of Wills, Trusts & Estates Prof Blog) discusses this regrettably timely question: “What happens to trust accounts held by a bank fiduciary when the bank fails?” The good news is that no federally insured financial institution with the legal power to operate as a trust company […]

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National City-PNC Conversion in Louisville Market

  As reported on February 12 in Business First,  PNC will convert all National City Bank branches in Kentucky and Southern Indiana to PNC Bank between Feb. 19 and 21.  When the transition is complete, PNC will have 134 branches and 250 ATMs in the region, according to a news release.  Pittsburgh-based PNC (NYSE: PNC) completed […]

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