US Bank completes acquisition of securitization trust administration business from Bank of America, NA
US Bancorp announced today that its lead bank, US Bank National Association, has completed the acquisition of the domestic and European-based securitization trust administration businesses of Bank of America, NA The transaction closed on December 30, 2010.
Bank of America Corp., the largest US lender, will divide its corporate and investment bank into Americas and international units as the company digests the acquisition last month of Merrill Lynch & Co.