U.S. Bank recently acquired the Ally Bank document custodian business. Closed in the second quarter of 2014, this acquisition added approximately 40 employees to U.S. Bank, one new service location in Waterloo, Iowa, and increased documents under custody by 15 percent.
"This transaction is the most recent in a string of investments U.S. Bank has made in our growing corporate trust services business," says Bryan Calder, president of U.S. Bank Global Corporate Trust Services. "This acquisition provides us with an additional growth opportunity and is consistent with our position as a leading provider of third-party custodian services nationwide."
U.S. Bank, through its Global Corporate Trust Services division, currently operates a national network of document custody locations and vault sites. As a document custodian, U.S. Bank stores and safeguards a wide array of collateral loan files, including commercial and residential mortgages, equipment leases, home equity and improvement loans and vehicle loans and leases.
Generally recognized as one of the leading providers of document custodian services, U.S. Bank continues to invest in growing its document custodian capacity organically and through acquisition opportunities, as well as through investment in technology and our employees to ensure continued superior client service.
Learn more about our quality document custodian services by contacting your local U.S. Bank Global Corporate Trust Services representative or online at: usbank.com/corporatetrust.