Securian Expands into Trust Services

October 10, 2001 ( - 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.

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