Rochester, New York 12/10/2009 9:40:00 AM
News / Business

US Bank (NYSE:USB) Selected as Trustee for Massachusetts Bay Transportation Authority Bonds

US Bank (NYSE:USB) has announced that it has been selected as a trustee and fiscal agent for Massachusetts Bay Transportation Authority (MBTA) for the amount of $218.3 million in bonds.  The MBTA issued $218.3 million of its Senior Sales Tax Bonds 2009 Series C on October 29, 2009 under the American Recovery and Reinvestment Act of 2009.  The bonds are the second Build America Bond issued by the Commonwealth of Massachusetts.

 

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US Bancorp is a financial and bank holding company.  The company offers a variety of financial services such as lending and depository services, cash management, foreign exchange, and trust and investment management services.  The company acquired the banking operations of Downey Savings and Loan Association, F.A., and PFF Bank and Trust November 21, 2008.

 

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