Pillsbury represented Deutsche Bank in U.S. Bancorp’s agreement to buy Deutsche Bank AG’s municipal bond trustee business. US 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 US 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.
