Press Release
Press Release
03.18.13
Pillsbury represented Deutsche Bank in U.S. Bancorp’s agreement to buy Deutsche Bank AG’s municipal bond trustee business. U.S. Bancorp is the nation’s largest regional bank. The deal, expected to be completed in the third quarter, will add about $57 billion to the $3 trillion in assets under administration by U.S. Bancorp’s corporate-trust division. The transaction will build on U.S. Bancorp’s trust business in California, Mississippi, New York, Tennessee and Texas.
The team included partners Peter Baumgaertner, James Chudy, Peter Hunt, Don Kilpatrick, Josh Konvisser, Joe Owens and senior associates Sharon Randall and Courtney Reichuber, all in the New York office.
About Pillsbury Winthrop Shaw Pittman LLP
Pillsbury is a full-service law firm with a keen industry focus on energy & natural resources, financial services, real estate & construction, and technology. Based in the world's major financial, technology and energy centers, Pillsbury counsels clients on global regulatory, litigation and corporate matters. We work in multidisciplinary teams that allow us to anticipate trends and bring a 360-degree perspective to complex business and legal issues—helping clients to take greater advantage of new opportunities and better mitigate risk. This collaborative work style helps produce the results our clients seek.