State Street Bank and Trust Company
The State Street Bank and Trust Company is a
bank. It was a subsidiary of the State Street Corporation, until it sold off the retail bankingportion of this unit in 1999 to Citizens Financial Group(a subsidiary of the Royal Bank of Scotland), of Providence, RI. The retail banking and commercial lending units were sold for $350 million.
In 1999, State Street Bank and Trust Company had four branches and just over $1 billion in assets.
State Street decision(1998 U.S. patent law decision)
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