U.S. Bancorp to Buy UMB Indiana Unit to Expand Trust Business

U.S. Bancorp, the largest lender in Minnesota, agreed to buy UMB Financial Corp. (UMBF)’s Indiana corporate trust business.

The deal is expected to be completed March 2, according to a statement today from Minneapolis-based U.S. Bancorp that didn’t disclose terms.

To contact the reporter on this story: Laura Marcinek in New York at Lmarcinek3@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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