Morgan Stanley Trust is headquartered in Purchase and is the 4th largest bank in the state of New York. It is also the 30th largest bank in the nation. It was established in 1996 and as of June of 2020, it had grown to 816 employees at 2 locations. Morgan Stanley Trust has an A health rating.
I have a monthly contribution going into an account with Morgan Stanley. I have never had a mistake or delay and have been using them for over 8 years. What I like most is the customer service I have received. I get to speak to a person if I call the customer service #, from the US, who is easy to understand and communicate with, and do not have to go through a million computer prompted responses to get to a live person which I really like. Generally I do not withdrawal from the account, however 2 years ago I did for a down payment on a new home and it was very easy and I received the money transfer quickly (2 days) and without error. I trust this company managing my money and they take my personal data security seriously with a number of security checks when I contact them, including calling from the phone number I have connected with my account. I also find the site is easy to navigate.
|FDIC Certificate #||34221|
|Return on Assets - YTD||1.16%|
|Return on Equity - YTD||13.78%|
|Annual Interest Income||$1.19B|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$102.5B$75.55B|
|Loans||Q2 2020vs Q2 2019||$69.60B$57.05B|
|Deposits||Q2 2020vs Q2 2019||$93.90B$67.25B|
|Equity Capital||Q2 2020vs Q2 2019||$8.21B$7.95B|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$110.0MM$43.0MM|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$100.0MM$89.0MM|
|Real Estate Owned||Q2 2020vs Q2 2019||$2.0MM$0|
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|Morgan Stanley Trust Locations|
|Morgan Stanley Private Bank, National Association||2000 Westchester Avenue||Purchase, NY 10577|