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Ascent Private Capital Management of U.S. Bank Wins Best in Private Banking Award

MINNEAPOLIS--(BUSINESS WIRE)--Mar. 1, 2016-- Ascent Private Capital Management of U.S. Bank has been honored with a best in class award for "Private Banking – Client Service" by Private Asset Management (PAM), which covers the wealth management and family-office industry. The award was accepted by Ascent Head of Private Banking Mark Foster at the PAM Awards ceremony in New York City on Feb. 22. Ascent has received a total of four awards from PAM since 2014.

“Once again, we are honored to be recognized by PAM for the unique services we offer our client families. This honor highlights our commitment to delivering the highest level of service to our clients in helping them achieve the greatest possible impact for their wealth,” said Ascent President Michael Cole.

Ascent was also short-listed in three other award categories: “Best Private Wealth Manager - over $5 billion,” “Best Multi-Family Office Overall - over $2 billion,” and “Private Banking – Overall.”

Now in their sixth year, The Private Asset Management Awards recognize investment professionals and advisors who have successfully serviced high-net-worth individuals in an increasingly complex economic environment. Nominees have demonstrated consistent financial progress, year-over-year growth, excellence in client satisfaction, and innovative new services. The judging process, using a panel of industry experts, is based on a mixture of qualitative and quantitative performance indicators.

About Ascent Private Capital Management
Ascent Private Capital Management serves individuals and multigenerational families with significant resources who aspire to make an impact with their wealth. Clients can expect highly personalized advisory services that combine traditional wealth planning offerings with cutting-edge wealth impact planning and communication tools. For more information, visit ascent.usbank.com.

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $422 billion in assets as of Dec. 31, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,133 banking offices in 25 states and 4,936 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Deposit products offered by U.S. Bank National Association. Member FDIC. Credit products offered by U.S. Bank National Association and subject to normal credit approval.

Investment products are:

 

Not a Deposit   Not FDIC Insured   Not Guaranteed by the Bank
May Lose Value   Not Insured by Any Federal Government Agency
 

U.S. Bank and its representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. Individuals should consult their tax and/or legal advisor for advice and information concerning their particular situation.

U.S. Bank is not affiliated with the companies or organizations mentioned above.

Source: U.S. Bank

U.S. Bank
Michael Walsh, vice president of public relations, 612-303-9122
michael.walsh@usbank.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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