Aggressive management, loan reserves, and write-offs enabled the bank to restore its asset quality. During Christopherson's six years at Northern Trust, profits rose from $34 million to $113 million. At the time of his retirement in 1990, the company was the 11th most profitable of the 100 largest banks in the United States.
Northern Trust's asset quality was enhanced through aggressive management, loan reserves, and write-offs. Christopherson's tenure saw profits rise from $34 million to $113 million. At the time of his retirement, the company stood as the 11th most lucrative among the top 100 banks in the US.