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

Jan. 30 (Bloomberg) -- U.S. Bancorp, the largest lender in Minnesota, agreed to buy UMB Financial Corp.’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

To contact the editor responsible for this story: Dan Kraut at

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