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Our Affiliates

Our affiliate Pennant Management, Inc. has a proven history for managing diversified short term investment portfolios that seek to maximize return without compromising the need for safety, soundness and liquidity.

Pennant Management's wealth of expertise has led to its appointment as manager for an array of investment vehicles, including equity and fixed income mutual funds, short term investment funds and overnight repurchase arrangements.


Our affiliate GreatBanc Trust Company is nationally recognized as a highly skilled independent ERISA trustee specializing in employee stock ownership plans (ESOPs) and sophisticated, cutting edge ESOP transactions.

GreatBanc Trust provides personal trust, investment and wealth management services as well as a comprehensive range of institutional services to corporations, foundations, endowments and not-for-profit organizations.


Salem Trust, Pennant Management, and GreatBanc Trust are subsidiaries of U.S. Fiduciary Services, Inc., an employee-owned company. We are dedicated to being an extraordinary problem-solving business partner. We invite you to put the power of Salem Trust to work for you.

As a rule, whatever is fluid, soft and yielding will overcome whatever is rigid and hard. This is another paradox: What is soft is strong.

- Lao Tzu