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Article: National City Reaches Agreement on Sale of Corporate Trust Bond Administration Business.
- Article from:
- PR Newswire
- Article date:
- May 25, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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National City Corporation has reached a definitive agreement with U.S. Bancorp and its lead bank, U.S. Bank N.A., for the sale of the Corporate Trust Bond Administration business, part of the Institutional Asset Management division at National City. The Corporate Trust Bond Administration business manages relationships with small and large municipal and corporate bond issuers, providing advice, guidance, reliability and value in bond administration to address corporate trust needs.
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"We are committed to acting in the best interests of our stockholders, clients and employees," said ...