U.S. Bank to Buy SunTrust, Trustee Unit

Sigo, Shelly
July 2006
Bond Buyer;7/26/2006, Vol. 357 Issue 32431, p1
Trade Publication
The article reports that Atlanta, Georgia-based SunTrust Banks Inc. plans to sell its bond trustee business unit to U.S. Bank NA, the top-ranked trustee bank in the first half of 2006. The deal is expected to be completed by the third quarter of 2006. It is the second acquisition in less than a year of a Southeast-based trust company by U.S. Bank.


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