MINNEAPOLIS/WINSTON-SALEM, N.C.--(BUSINESS WIRE)--June 7,
2005--Sheets, Smith & Associates, Inc., has selected U.S. Bank
Institutional Trust & Custody to provide custodial services. Sheets,
Smith & Associates is a registered investment advisory firm located in
Winston-Salem, N.C. The firm provides comprehensive portfolio
management services for institutions and individuals and families with
high net worth.
"The U.S. Bank team's responsiveness to our requests and questions
has enabled us to provide our clients with customized services not
found within most large banking institutions," said John R. Sheets,
president of Sheets, Smith & Associates.
"Sheets, Smith & Associates has been a client of U.S. Bank since
1999, and awarded us this large piece of business because of our
outstanding service and quality of work," said Diane L. Thormodsgard,
president of U.S. Bank Institutional Trust & Custody. "Sheets, Smith &
Associates is a great partner and we look forward to working with them
more in the future. Their team and U.S. Bank make a great fit."
U.S. Bank Institutional Trust & Custody is a division of U.S. Bank
N.A. that focuses on retirement, investment, trust and custody
services for institutional clients. Its product offerings include
retirement plans (401(k), profit sharing or money purchase pension
plans, and defined benefit), institutional trust and custody, master
trust services and health savings accounts.
U.S. Bancorp (NYSE: USB), with assets of $198 billion, is the 6th
largest financial holding company in the United States. The company
operates 2,377 banking offices and 4,654 ATMs in 24 states, 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.
CONTACT: U.S. Bank Media Relations
Amy B. Frantti, 612-303-0733
SOURCE: U.S. Bank