Indiana State District Council of Laborers and Hod Carriers Selects U.S. Bank to Provide Custody Services and Securities Lending.TERRE HAUTE Terre Haute (tĕr`ə hōt, tĕr`ē hŭt), city (1990 pop. 51,483), seat of Vigo co., W Ind., on the Wabash River; inc. 1816. , Ind. -- 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 Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. 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 profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of or money purchase pension plans, and defined benefit), institutional trust and custody, master trust services and health savings accounts. U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. (NYSE NYSE See: New York Stock Exchange : USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ), 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. |
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