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US Bank Pushes Forward With Trust Business

Tom Burroughes

11 September 2008

CapitalMark, the US bank based in Tennessee, said that it has received regulatory clearance to exercise trust powers for its wealth and trust management division.

The division is led by Al Secor, director of trust services and Stefanie Crowe, director of wealth services. The group began full operation on 5 August. It focuses on the emerging affluent segment of the population, such as business owners, executives and professionals.