TERRE HAUTE, Ind.--(BUSINESS WIRE)--June 17, 2005--The Indiana
State District Council of Laborers and Hod Carriers has selected U.S.
Bank Institutional Trust & Custody to provide custodial services and
securities lending for its $750 million pension plan.
"We looked at the proposals made by various financial
institutions, and U.S. Bank's Institutional Trust & Custody team had
the solutions that best fit our needs," said Janette England, plan
administrator, Indiana State District Council of Laborers and Hod
Carriers. "We also selected U.S. Bank because of its attention to
customer service and relationship management."
"U.S. Bank's role with providing custodial services and securities
lending will help the Indiana State District Council of Laborers and
Hod Carriers assist the district council in meeting their obligations
to the members," said Diane Thormodsgard, president of U.S. Bank
Institutional Trust & Custody.
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 services 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
Amy Frantti, 612-303-0733
SOURCE: U.S. Bank