U.S. Bank Promotes Lars Anderson to Senior VP

U.S. Bank NA, one of the municipal market’s two busiest corporate trust banks, announced Friday that it has promoted Lars Anderson to senior vice president and national sales manager. Anderson has worked in the corporate and municipal group of U.S. Bank’s corporate trust service for 10 years, the company said in a press release. “Lars has been doing an outstanding job as national sales manager and has earned his title of senior vice president,” said Terry Roberts, executive vice president of U.S. Bank’s corporate trust service. Anderson earned his bachelor’s degree from North Park University and his Masters of Business Administration from DePaul University — both Chicago-based schools. He was manager of new business development at Comerica Bank before joining U.S. Bank, his company said. Anderson is now based in U.S. Bank’s Detroit office. U.S. Bank ranks among this year’s two busiest trustee banks, according to Thomson Financial. Through the end of Thursday, U.S. Bank had won trustee contracts on 1,136 deals, more than any other firm. These deals amounted to $60.1 billion of total par new business during 2007 — second only to the $96.9 billion generated by Bank of New York. U.S. Bank named Bryan Calder its new president of corporate trust services in late April, after Diane Thormodsgard took a job as vice chairwoman and head of wealth management at U.S. Bancorp, U.S. Bank’s parent company.