9 11 H. H. NNP 12 20 Marshall Marshall NNP 21 28 Schwarz Schwarz NNP 29 32 was be VBD 33 38 named name VBN 39 47 chairman chairman NN 48 51 and and CC 52 57 chief chief JJ 58 67 executive executive JJ 68 75 officer officer NN 76 78 of of IN 79 83 U.S. U.S. NNP 84 89 Trust Trust NNP 90 95 Corp. Corp. NNP 95 96 , , , 97 98 a a DT 99 114 private-banking private-banking JJ 115 119 firm firm NN 120 124 with with IN 125 131 assets asset NNS 132 137 under under IN 138 148 management management NN 149 151 of of IN 152 157 about about IN 158 159 $ $ $ 159 161 17 17 CD 162 169 billion billion CD 169 170 . . . 173 176 Mr. Mr. NNP 177 184 Schwarz Schwarz NNP 184 185 , , , 186 188 52 52 CD 189 194 years year NNS 195 198 old old JJ 198 199 , , , 200 204 will will MD 205 212 succeed succeed VB 213 219 Daniel Daniel NNP 220 222 P. P. NNP 223 230 Davison Davison NNP 231 235 Feb. Feb. NNP 236 237 1 1 CD 237 238 , , , 239 243 soon soon RB 244 249 after after IN 250 253 Mr. Mr. NNP 254 261 Davison Davison NNP 262 269 reaches reach VBZ 270 273 the the DT 274 281 company company NN 281 283 ’s 's POS 284 293 mandatory mandatory JJ 294 304 retirement retirement NN 305 308 age age NN 309 311 of of IN 312 314 65 65 CD 314 315 . . . 316 319 Mr. Mr. NNP 320 327 Schwarz Schwarz NNP 327 328 , , , 329 332 who who WP 333 335 is be VBZ 336 345 president president NN 346 348 of of IN 349 353 U.S. U.S. NNP 354 359 Trust Trust NNP 359 360 , , , 361 365 will will MD 366 368 be be VB 369 378 succeeded succeed VBN 379 381 in in IN 382 386 that that DT 387 391 post post NN 392 394 by by IN 395 402 Jeffrey Jeffrey NNP 403 405 S. S. NNP 406 412 Maurer Maurer NNP 412 413 , , , 414 416 42 42 CD 416 417 , , , 418 421 who who WP 422 424 is be VBZ 425 434 executive executive JJ 435 439 vice vice NN 440 449 president president NN 450 452 in in IN 453 459 charge charge NN 460 462 of of IN 463 466 the the DT 467 474 company company NN 474 476 ’s 's POS 477 493 asset-management asset-management NN 494 499 group group NN 499 500 . . . 503 507 U.S. U.S. NNP 508 513 Trust Trust NNP 513 514 , , , 515 516 a a DT 517 529 136-year-old 136-year-old JJ 530 541 institution institution NN 542 546 that that WDT 547 549 is be VBZ 550 553 one one CD 554 556 of of IN 557 560 the the DT 561 569 earliest early JJS 570 578 high-net high-net JJ 579 584 worth worth JJ 585 590 banks bank NNS 591 593 in in IN 594 597 the the DT 598 602 U.S. U.S. NNP 602 603 , , , 604 607 has have VBZ 608 613 faced face VBN 614 626 intensifying intensify VBG 627 638 competition competition NN 639 643 from from IN 644 649 other other JJ 650 655 firms firm NNS 656 660 that that WDT 661 665 have have VBP 666 677 established establish VBN 677 678 , , , 679 682 and and CC 683 690 heavily heavily RB 691 699 promoted promote VBN 699 700 , , , 701 716 private-banking private-banking JJ 717 727 businesses business NNS 728 730 of of IN 731 736 their their PRP$ 737 740 own own JJ 740 741 . . . 742 744 As as IN 745 746 a a DT 747 753 result result NN 753 754 , , , 755 759 U.S. U.S. NNP 760 765 Trust Trust NNP 765 767 ’s 's POS 768 776 earnings earning NNS 777 781 have have VBP 782 786 been be VBN 787 791 hurt hurt VBN 791 792 . . . 795 798 But but CC 799 802 Mr. Mr. NNP 803 810 Schwarz Schwarz NNP 811 819 welcomes welcome VBZ 820 823 the the DT 824 835 competition competition NN 836 838 in in IN 839 843 U.S. U.S. NNP 844 849 Trust Trust NNP 849 851 ’s 's POS 852 860 flagship flagship NN 861 871 businesses business NNS 871 872 , , , 873 880 calling call VBG 881 883 it it PRP 884 885 “ `` `` 885 893 flattery flattery NN 893 894 . . . 894 895 ” '' '' 896 899 Mr. Mr. NNP 900 907 Schwarz Schwarz NNP 908 912 says say VBZ 913 916 the the DT 917 928 competition competition NN 929 930 “ `` `` 930 938 broadens broaden VBZ 939 942 the the DT 943 947 base base NN 948 950 of of IN 951 962 opportunity opportunity NN 963 966 for for IN 967 969 us us PRP 969 970 . . . 970 971 ” '' '' 972 977 Other other JJ 978 983 firms firm NNS 984 985 “ `` `` 985 988 are be VBP 989 996 dealing deal VBG 997 1001 with with IN 1002 1005 the the DT 1006 1012 masses mass NNS 1012 1013 . . . 1014 1015 I I PRP 1016 1018 do do VBP 1018 1021 n’t n't RB 1022 1029 believe believe VB 1030 1034 they they PRP 1035 1039 have have VBP 1040 1043 the the DT 1044 1051 culture culture NN 1051 1052 ” '' '' 1053 1055 to to TO 1056 1066 adequately adequately RB 1067 1074 service service VB 1075 1089 high-net-worth high-net-worth JJ 1090 1101 individuals individual NNS 1101 1102 , , , 1103 1105 he he PRP 1106 1110 adds add VBZ 1110 1111 . . . 1112 1116 U.S. U.S. NNP 1117 1122 Trust Trust NNP 1123 1131 recently recently RB 1132 1142 introduced introduce VBD 1143 1150 certain certain JJ 1151 1162 mutual-fund mutual-fund JJ 1163 1171 products product NNS 1171 1172 , , , 1173 1178 which which WDT 1179 1184 allow allow VBP 1185 1187 it it PRP 1188 1190 to to TO 1191 1196 serve serve VB 1197 1206 customers customer NNS 1207 1211 with with IN 1212 1219 minimum minimum JJ 1220 1228 deposits deposit NNS 1229 1231 of of IN 1232 1233 $ $ $ 1233 1240 250,000 250,000 CD 1240 1241 . . . 1242 1252 Previously previously RB 1252 1253 , , , 1254 1257 the the DT 1258 1265 company company NN 1266 1276 advertised advertise VBD 1277 1279 at at IN 1280 1283 the the DT 1284 1285 $ $ $ 1285 1286 2 2 CD 1287 1294 million million CD 1295 1300 level level NN 1300 1301 . . . 1304 1305 “ `` `` 1305 1307 We we PRP 1308 1312 have have VBP 1313 1319 always always RB 1320 1325 taken take VBN 1326 1333 smaller small JJR 1334 1342 accounts account NNS 1342 1343 , , , 1344 1347 but but CC 1348 1351 now now RB 1352 1354 we we PRP 1355 1358 are be VBP 1359 1366 looking look VBG 1367 1370 for for IN 1371 1378 smaller small JJR 1379 1387 accounts account NNS 1388 1392 that that WDT 1393 1397 will will MD 1398 1402 grow grow VB 1402 1403 , , , 1403 1404 ” '' '' 1405 1408 Mr. Mr. NNP 1409 1416 Schwarz Schwarz NNP 1417 1421 says say VBZ 1421 1422 . . . 1423 1424 “ `` `` 1424 1427 Our our PRP$ 1428 1433 bread bread NN 1434 1437 and and CC 1438 1444 butter butter NN 1445 1447 is be VBZ 1448 1453 still still RB 1454 1457 the the DT 1458 1459 $ $ $ 1459 1460 2 2 CD 1461 1468 million million CD 1469 1471 to to TO 1472 1473 $ $ $ 1473 1475 20 20 CD 1476 1483 million million CD 1484 1491 account account NN 1491 1492 , , , 1492 1493 ” '' '' 1494 1496 he he PRP 1497 1501 says say VBZ 1501 1502 . . . 1503 1506 The the DT 1507 1510 new new JJ 1511 1519 services service NNS 1520 1525 allow allow VBP 1526 1530 U.S. U.S. NNP 1531 1536 Trust Trust NNP 1537 1539 to to TO 1540 1545 cater cater VB 1546 1548 to to TO 1549 1552 the the DT 1553 1554 “ `` `` 1554 1557 new new JJ 1558 1564 wealth wealth NN 1564 1565 , , , 1565 1566 ” '' '' 1567 1570 Mr. Mr. NNP 1571 1578 Schwarz Schwarz NNP 1579 1583 says say VBZ 1583 1584 . . . 1587 1596 Quarterly quarterly JJ 1597 1600 net net JJ 1601 1607 income income NN 1608 1612 this this DT 1613 1617 year year NN 1618 1621 has have VBZ 1622 1627 risen rise VBN 1628 1632 just just RB 1633 1637 over over IN 1638 1648 comparable comparable JJ 1649 1656 periods period NNS 1657 1659 in in IN 1660 1664 1988 1988 CD 1664 1665 , , , 1666 1670 when when WRB 1671 1679 year-end year-end JJ 1680 1683 net net NN 1684 1687 was be VBD 1688 1693 below below IN 1694 1697 the the DT 1698 1702 1987 1987 CD 1703 1708 level level NN 1708 1709 . . . 1710 1712 In in IN 1713 1717 this this DT 1718 1722 year year NN 1722 1724 ’s 's POS 1725 1730 third third JJ 1731 1738 quarter quarter NN 1738 1739 , , , 1740 1743 for for IN 1744 1751 example example NN 1751 1752 , , , 1753 1756 net net NN 1757 1760 was be VBD 1761 1762 $ $ $ 1762 1766 10.5 10.5 CD 1767 1774 million million CD 1774 1775 , , , 1776 1778 or or CC 1779 1780 $ $ $ 1780 1784 1.05 1.05 CD 1785 1786 a a DT 1787 1792 share share NN 1792 1793 , , , 1794 1802 compared compare VBN 1803 1807 with with IN 1808 1809 $ $ $ 1809 1813 10.3 10.3 CD 1814 1821 million million CD 1821 1822 , , , 1823 1825 or or CC 1826 1827 $ $ $ 1827 1831 1.02 1.02 CD 1832 1833 a a DT 1834 1839 share share NN 1839 1840 , , , 1841 1842 a a DT 1843 1847 year year NN 1848 1855 earlier earlier RBR 1855 1856 . . . 1857 1863 Assets asset NNS 1864 1866 as as IN 1867 1869 of of IN 1870 1875 Sept. Sept. NNP 1876 1878 30 30 CD 1879 1883 fell fall VBD 1884 1886 to to TO 1887 1888 $ $ $ 1888 1892 2.46 2.46 CD 1893 1900 billion billion CD 1901 1905 from from IN 1906 1911 about about IN 1912 1913 $ $ $ 1913 1917 2.77 2.77 CD 1918 1925 billion billion CD 1925 1926 . . . 1927 1928 “ `` `` 1928 1930 We we PRP 1931 1935 will will MD 1936 1940 have have VB 1941 1942 a a DT 1943 1953 reasonably reasonably RB 1954 1958 flat flat JJ 1959 1963 year year NN 1964 1968 this this DT 1969 1973 year year NN 1973 1974 , , , 1974 1975 ” '' '' 1976 1979 Mr. Mr. NNP 1980 1987 Schwarz Schwarz NNP 1988 1992 says say VBZ 1992 1993 . . . 1994 1997 Mr. Mr. NNP 1998 2005 Schwarz Schwarz NNP 2006 2010 also also RB 2011 2015 said say VBD 2016 2021 costs cost NNS 2022 2032 associated associate VBN 2033 2037 with with IN 2038 2042 U.S. U.S. NNP 2043 2048 Trust Trust NNP 2048 2050 ’s 's POS 2051 2058 planned plan VBN 2059 2063 move move NN 2064 2066 to to TO 2067 2074 midtown midtown VB 2075 2084 Manhattan Manhattan NNP 2085 2089 from from IN 2090 2094 Wall Wall NNP 2095 2101 Street Street NNP 2102 2106 will will MD 2107 2115 continue continue VB 2116 2118 to to TO 2119 2121 be be VB 2122 2123 a a DT 2124 2128 drag drag NN 2129 2131 on on IN 2132 2140 earnings earning NNS 2141 2148 through through IN 2149 2153 1990 1990 CD 2153 2154 . . . 2157 2160 Mr. Mr. NNP 2161 2168 Schwarz Schwarz NNP 2168 2170 ’s 's POS 2171 2188 great-grandfather great-grandfather NN 2189 2196 founded found VBD 2197 2200 the the DT 2201 2204 New New NNP 2205 2209 York York NNP 2210 2213 toy toy NN 2214 2219 store store NN 2220 2226 F.A.O. F.A.O. NNP 2227 2234 Schwarz Schwarz NNP 2234 2235 , , , 2236 2239 but but CC 2240 2243 his his PRP$ 2244 2250 family family NN 2251 2253 no no RB 2254 2260 longer longer RB 2261 2264 has have VBZ 2265 2269 ties tie NNS 2270 2272 to to TO 2273 2276 the the DT 2277 2284 company company NN 2284 2285 . . . 2286 2289 Mr. Mr. NNP 2290 2297 Schwarz Schwarz NNP 2297 2299 ’s 's POS 2300 2306 father father NN 2307 2310 was be VBD 2311 2312 a a DT 2313 2317 U.S. U.S. NNP 2318 2323 Trust Trust NNP 2324 2331 trustee trustee NN 2332 2337 until until IN 2338 2342 1974 1974 CD 2342 2343 . . . 2346 2350 U.S. U.S. NNP 2351 2356 Trust Trust NNP 2357 2361 also also RB 2362 2369 created create VBD 2370 2371 a a DT 2372 2383 four-member four-member JJ 2384 2390 office office NN 2391 2393 of of IN 2394 2397 the the DT 2398 2406 chairman chairman NN 2406 2407 , , , 2408 2417 effective effective JJ 2418 2422 Feb. Feb. NNP 2423 2424 1 1 CD 2424 2425 . . . 2426 2428 It it PRP 2429 2433 will will MD 2434 2441 include include VB 2442 2449 Messrs. Messrs. NNP 2450 2457 Schwarz Schwarz NNP 2458 2461 and and CC 2462 2468 Maurer Maurer NNP 2468 2469 . . . 2470 2476 Donald Donald NNP 2477 2479 M. M. NNP 2480 2487 Roberts Roberts NNP 2487 2488 , , , 2489 2491 54 54 CD 2491 2492 , , , 2493 2502 treasurer treasurer NN 2502 2503 , , , 2504 2507 and and CC 2508 2517 Frederick Frederick NNP 2518 2520 S. S. NNP 2521 2527 Wonham Wonham NNP 2527 2528 , , , 2529 2531 58 58 CD 2531 2532 , , , 2533 2536 who who WP 2537 2542 takes take VBZ 2543 2557 responsibility responsibility NN 2558 2561 for for IN 2562 2565 the the DT 2566 2579 funds-service funds-service JJ 2580 2585 group group NN 2585 2586 , , , 2587 2591 were be VBD 2592 2597 named name VBN 2598 2602 vice vice NN 2603 2611 chairmen chairman NNS 2612 2615 and and CC 2616 2620 will will MD 2621 2626 serve serve VB 2627 2629 in in IN 2630 2633 the the DT 2634 2640 office office NN 2641 2643 of of IN 2644 2647 the the DT 2648 2656 chairman chairman NN 2656 2657 . . . 2658 2661 Mr. Mr. NNP 2662 2669 Roberts Roberts NNP 2670 2679 continues continue VBZ 2680 2682 as as IN 2683 2692 treasurer treasurer NN 2692 2693 , , , 2694 2697 and and CC 2698 2701 Mr. Mr. NNP 2702 2708 Wonham Wonham NNP 2709 2716 remains remain VBZ 2717 2728 responsible responsible JJ 2729 2732 for for IN 2733 2736 the the DT 2737 2744 offices office NNS 2745 2747 of of IN 2748 2759 comptroller comptroller NN 2759 2760 , , , 2761 2769 planning planning NN 2769 2770 , , , 2771 2780 marketing marketing NN 2781 2784 and and CC 2785 2792 general general JJ 2793 2801 services service NNS 2801 2802 . . . 2805 2814 Frederick Frederick NNP 2815 2817 B. B. NNP 2818 2824 Taylor Taylor NNP 2824 2825 , , , 2826 2828 48 48 CD 2828 2829 , , , 2830 2834 also also RB 2835 2838 was be VBD 2839 2844 named name VBN 2845 2846 a a DT 2847 2851 vice vice NN 2852 2860 chairman chairman NN 2861 2864 and and CC 2865 2870 chief chief JJ 2871 2881 investment investment NN 2882 2889 officer officer NN 2889 2890 , , , 2891 2892 a a DT 2893 2896 new new JJ 2897 2901 post post NN 2901 2902 . . . 2903 2905 He he PRP 2906 2916 previously previously RB 2917 2921 held hold VBD 2922 2929 similar similar JJ 2930 2946 responsibilities responsibility NNS 2946 2947 . . . 2948 2951 Mr. Mr. NNP 2952 2958 Taylor Taylor NNP 2959 2963 also also RB 2964 2967 was be VBD 2968 2973 named name VBN 2974 2975 a a DT 2976 2984 director director NN 2984 2985 , , , 2986 2996 increasing increase VBG 2997 3000 the the DT 3001 3006 board board NN 3007 3009 to to TO 3010 3012 22 22 CD 3012 3013 , , , 3014 3017 but but CC 3018 3020 is be VBZ 3021 3024 not not RB 3025 3029 part part NN 3030 3032 of of IN 3033 3036 the the DT 3037 3040 new new JJ 3041 3047 office office NN 3048 3050 of of IN 3051 3054 the the DT 3055 3063 chairman chairman NN 3063 3064 . . . 3067 3072 James James NNP 3073 3075 E. E. NNP 3076 3081 Bacon Bacon NNP 3081 3082 , , , 3083 3085 58 58 CD 3085 3086 , , , 3087 3096 executive executive JJ 3097 3101 vice vice NN 3102 3111 president president NN 3111 3112 , , , 3113 3116 who who WP 3117 3120 has have VBZ 3121 3129 directed direct VBN 3130 3133 the the DT 3134 3147 funds-service funds-service NN 3148 3153 group group NN 3153 3154 , , , 3155 3159 will will MD 3160 3166 retire retire VB 3166 3167 . . .