U.S. Trust – “Better served outside of Bank of America ownership.”

Pros

You get to work with great clients.

Cons

Bank of America has demonstrated an active disinterest in maintaining those features of U.S. Trust which made for a unique and value-added client experience, and similarly for the employees.

Advice to Senior Management

In the interest of client service package U. S. Trust up with First Republic Bank and sell them together to a strategic buyer, say Northern Trust, for example. Otherwise, clients will find their own way out.