News Release - The Private Client Reserve of US Bank

News Release
CONTACT: Cheryl Stone
Vice President, Public Relations
U.S. Bank Wealth Management
(612) 303-5657
Amy Frantti, U.S. Bank Public Relations
(612) 303-0733
THE PRIVATE CLIENT RESERVE OF U.S. BANK OFFICE IN PALM BEACH
TO EXPAND AND RELOCATE TO ROYAL PALM WAY
PALM BEACH, Fla. (Sept. 28, 2011) – U.S. Bank, a provider of wealth management and private banking services, is
pleased to announce that it is expanding and relocating the Palm Beach office of The Private Client Reserve of U.S. Bank
to Royal Palm Way on Oct. 24, 2011. The office of six investment and private banking professionals offers investment
management, private banking, trust and estate services, financial planning, and multigenerational wealth planning. The
office reports to Heidi Steiger, Atlantic region president 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. Steiger reports to
Michael Boardman, president of The Private Client Reserve.
“The expansion and relocation of our Palm Beach office reflects U.S. Bank’s continuing commitment to high-net-worth
clients in Florida,” Boardman said. “Since joining U.S. Bank, Heidi has demonstrated great leadership in building strong
teams and serving the needs of clients in both Palm Beach and Naples.”
The Palm Beach office intends to aggressively add additional wealth management professionals during the next couple of
years to serve its fast-growing base of clients and prospects in Palm Beach and the surrounding area. The office will be
located at 324 Royal Palm Way, Suite 101, in Palm Beach. It will feature an art collection by famed Florida artist Enrique
Martínez Celaya.
This year, the Palm Beach office has added two new, highly seasoned wealth management professionals – Michael
McLoughlin and Richard Ganter – who help clients work towards their financial objectives by providing comprehensive
wealth management services. Both McLoughlin and Ganter report to Marilyn Siebrasse, vice president and wealth
management advisor.
Michael McLoughlin recently joined the firm as a vice president and private banker. He has more than 38 years of
financial industry experience and previously held senior executive positions at HSBC Bank USA, JPMorgan Chase,
Continental Bank/Bank of America and Citicorp North America. McLoughlin has a master’s of business administration
degree in finance from St. John’s University in Jamaica, New York. He has a bachelor’s degree in economics from
Fordham University in Bronx, New York, and also served as a first lieutenant in the U.S. Army. McLoughlin is the
chairman emeritus of the Investment Advisory Committee of the Catholic Diocese of Palm Beach and currently serves on
the Endowment Committee and Finance Committee of the St. Vincent de Paul Regional Seminary in Boynton Beach, Fla.
Richard Ganter recently joined the firm as a senior vice president and wealth management advisor. He has more than 28
years of financial industry experience and previously held senior executive positions at Deutsche Bank, U.S. Trust
Company of Central Florida/Charles Schwab & Co., Dean Witter Reynolds, FN Investments, Kidder Peabody & Co., and
Steel, Hector & Davis. Ganter has a bachelor’s degree in finance from Florida International University. He is also active
in his community, serving as chairman of the Cystic Fibrosis Palm Beach County Advisory Board and as a member of the
Cystic Fibrosis/Mike Schmidt Events Board, Martin County Boys and Girls Club, New Hope Charities, and Mission
International Rescue Foundation.
“We are delighted to have these two wealth management professionals with such deep experience join our Palm Beach
office,” Steiger said. “Both Michael and Richard have extensive experience in serving the wealth and investmentmanagement
needs of individuals, families, business owners, entrepreneurs, corporate executives and non-profit
organizations.”

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
U.S. Bancorp (NYSE: USB), with $321 billion in assets as of June 30, 2011, is the parent company of U.S. Bank, the
fifth-largest commercial bank in the United States. The company operates 3,086 banking offices in 25 states and 5,086
ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving
the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed
on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.
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.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S.
Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a
discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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