MINNEAPOLIS, Apr 5, 2004 (BUSINESS WIRE) -- Michael Zak has been named new
business development officer for the structured finance group at U.S. Bank
Corporate Trust Services. The announcement was made by Bryan Calder, executive
vice president of U.S. Bank Corporate Trust Services.
"Michael is a great addition to the team at U.S. Bank Corporate Trust Services,"
said Calder. "He has nearly ten years of experience in the financial services
industry including work as a securitization analyst at GE Capital Fleet
Services, in various treasury positions at Heller Financial, and most recently
in the corporate treasury division of U.S. Bank."
As new business development officer Zak is responsible for sales and new
business development on collateralized debt obligation transactions. He reports
to Ed Kachinski, senior vice president of U.S. Bank Corporate Trust Services.
Zak received his bachelor's degree from Marquette University in Milwaukee, Wis.
He works at the U.S. Bank West Side Flats Operations Center in Saint Paul, Minn.
U.S. Bank Corporate Trust Services is one of the nation's largest providers of
trustee services with more than $1.2 trillion in assets under administration in
municipal, corporate, asset-backed and international bonds. In addition, it
provides paying agent, escrow agent and document collateral services through its
network of offices nationwide.
U.S. Bancorp (NYSE:USB), with assets of $189 billion, is the 8th largest
financial services holding company in the United States. The company operates
2,266 banking offices and 4,402 ATMs, and provides a comprehensive line of
banking, brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions.
U.S. Bancorp is home of the Five Star Service Guarantee which assures customers
of certain key banking benefits and services or customers will be paid for their
inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S.
Bancorp on the web at usbank.com.
SOURCE: U.S. Bancorp
CONTACT: U.S. Bancorp
Amy Frantti, 612-303-0733
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SOURCE: U.S. Bancorp