The Private Client Reserve of U.S. Bank Office in Naples Expands and Relocates to Mercato

  The Private Client Reserve of U.S. Bank Office in Naples Expands and
  Relocates to Mercato

Business Wire

NAPLES, Fla. -- February 4, 2013

U.S. Bank, ranked among the top 20 U.S. wealth managers, announced today that
it is expanding and relocating the Naples office of The Private Client Reserve
of U.S. Bank to Mercato. The office of 10 investment and private banking
professionals offers investment management, private banking, trust and estate
services, financial planning, and multigenerational wealth planning. The
office reports to Sandra Fleming, Florida market leader for The Private Client
Reserve of U.S. Bank, part of U.S. Bank’s Wealth Management Group serving
clients with more than $1 million in individual or family wealth. Fleming
reports to Heidi Steiger, East Region President of The Private Client Reserve.

“The expansion and relocation of our Naples office reflects U.S. Bank’s
continuing commitment to high-net-worth clients in Florida,” Steiger said. “We
are also offering full-service banking in the new Naples office to meet the
banking needs of our wealth management clients.”

The Private Client Reserve’s Naples office, which has served the Naples area
for more than 10 years, is aggressively adding additional wealth management
professionals to serve its fast-growing base of clients and prospects in
Naples and the surrounding area. The most recent additions are Jack Randall,
senior vice president and wealth management advisor who joined the firm from
Wells Fargo’s Abbott Downing office in Naples; Jason Philips, private banker
from U.S. Bank Commercial Banking in Columbia, Mo.; Dana Lazich, wealth
management banking associate from SunTrust in Naples; Jonathan Wheeler, wealth
management banking associate from Lexington Asset Management in Naples; and
Jeanne Melheim, a new trust associate who joined the firm from U.S. Trust in
Naples this month.

“We are delighted to have these new wealth management professionals with such
deep experience join our Naples office,” Fleming said. “They all have
extensive experience in serving the wealth and investment-management needs of
individuals, families, business owners, entrepreneurs, corporate executives
and non-profit organizations.”

The Private Client Reserve’s Naples office has traditionally been a major
supporter of the Naples community. In 2011, the office made a $100,000
donation to the Golisano Children’s Museum of Naples to sponsor the U.S. Bank
Entry Way. In December 2012, the Naples office sponsored a holiday gift
exchange party for 130 children and their families at the Golisano Children’s
Museum as part of the Legal Aid Service’s “Adopt a Family” holiday gift
program. The Naples office also sponsored the 13^th annual Naples Winter Wine
Festival, ranked by Wine Spectator as the most successful charity wine auction
in the nation, in January of this year. The proceeds of the wine festival will
benefit the Naples Children and Education Foundation, which serves
underprivileged and at-risk children. The Naples office also sponsored the
event last year.

The Private Client Reserve’s new Naples office is located at 9105 Strada
Place, Suite 3200, in Mercato. Plans are being made for a series of color
photographs by the artist Christopher Rauschenberg, son of Robert
Rauschenberg, to be exhibited throughout the new office.

About The Private Client Reserve of U.S. Bank
The Private Client Reserve of U.S. Bank is a provider of comprehensive wealth
management solutions for high-net-worth individuals, families and foundations
with investable assets of more than $1 million. Highly experienced wealth
management advisors lead client-focused teams that deliver forward-thinking,
customized strategies including investment management, private banking,
personal trust and estate administration, financial planning and insurance
services designed for each client’s unique goals and needs. The Private Client
Reserve is a part of U.S. Bank’s Wealth Management Group. For more
information, visit www.privateclientreserve.usbank.com.

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $354 billion in assets as
ofDecember 31, 2012, is the parent company of U.S. Bank, the fifth-largest
commercial bank in the United States. The company operates 3,084 banking
offices in 25 states and 5,065 ATMs and provides a comprehensive line of
banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com.

* Barron’s "Top 40 Wealth Managers," Sept. 17, 2012, ranked by client assets
in accounts of $5 million or more as of June 30, 2012

Deposit products offered by U.S. Bank National Association. Member FDIC.
Credit products offered by U.S. Bank and subject to normal credit approval.


Investment products are:
Not a Deposit    Not FDIC Insured   Not Guaranteed by the Bank
May Lose Value   Not Insured by Any Federal Government Agency
                

Insurance products, including annuities, are available through U.S. Bancorp
Insurance Services, LLC, U.S. Bancorp Investments, Inc., in Montana: U.S.
Bancorp Insurance Services of Montana, Inc., and in Wyoming: U.S. Bancorp
Insurance & Investments, Inc. All are licensed insurance agencies and
subsidiaries of U.S. Bancorp and affiliates of U.S. Bank. Insurance and
annuity policies are underwritten by unaffiliated insurance companies and may
not be available in all states. California Agency #OE24641. U.S. Bank is not
responsible for and does not guarantee the products, services, or performance
of its affiliates.

U.S. Bank and its representatives do not provide tax or legal advice. Each
individual’s tax and financial situation is unique. Individuals should consult
their tax and/or legal advisor for advice and information concerning their
particular situation.

U.S. Bank is not affiliated with the companies or organizations mentioned
above. U.S. Bank is not responsible for and does not guarantee the products,
services or performance of third party providers.

Contact:

Cheryl Stone
Vice President, Public Relations
U.S. Bank Wealth Management
(612) 303-5657
or
Robin Francis
U.S. Bank Wealth Management
(651) 466-7187
 
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