NAPLES, Fla. -- (Business Wire)

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 of December 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

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Contacts:

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

Source: U.S. Bancorp