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U.S. Trust
What Does U.S. Trust Do?
U.S. Trust, founded in 1853 as the United States Trust Company of New York, was a distinguished American private bank and wealth management firm. For over a century, it catered to high-net-worth individuals, families, and institutions, offering investment management, trust and estate services, and private banking. In 2000, it was acquired by Charles Schwab Corporation, and later, in 2007, by Bank of America. Following the acquisition, U.S. Trust was integrated into Bank of America's wealth management division and eventually rebranded as Bank of America Private Bank. Today, its legacy of personalized wealth management continues under the Bank of America Private Bank name, serving affluent clients with comprehensive financial solutions.
Where Is U.S. Trust's Headquarters?
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HQ Function
Served as the central hub for U.S. Trust's national wealth management operations, client services, strategic decision-making, and administrative functions before its integration into Bank of America.
Notable Features:
Historically, U.S. Trust offices were situated in prestigious locations, designed to be discreet and offer a high-end, confidential client experience, reflecting its affluent clientele and focus on trust.
Work Culture:
The work culture at U.S. Trust was characterized by a strong emphasis on fiduciary responsibility, deep client relationships, financial expertise, discretion, and highly personalized service.
HQ Significance:
The New York headquarters was pivotal to its operations in the financial capital of the U.S., managing substantial assets and serving influential individuals, families, and institutions for over a century.
Values Reflected in HQ: The choice of headquarters and its operations historically reflected values of prestige, stability, long-term financial stewardship, trustworthiness, and a deeply client-centric approach.
Location:
Bank of America Private Bank primarily serves clients within the United States. However, its capabilities are significantly enhanced by the extensive global reach and resources of its parent company, Bank of America Corporation. This allows the Private Bank to support clients with international interests, including global custody services, cross-border wealth structuring advice, access to international investment opportunities, and foreign exchange services through the broader Bank of America platform. Functions supported for clients with global needs often include wealth structuring for international assets, investment management with global diversification, trust and estate planning considering international beneficiaries or assets, and specialized lending for international properties or investments.
Street Address:
114 West 47th Street (historical primary location before acquisition)
City:
New York
State/Province:
NY
Country:
USA
Where Else Does U.S. Trust Operate Around the World?
Chicago, IL/USA
Address: 135 S La Salle St, Chicago, IL 60603, USA
Key hub for delivering Bank of America Private Bank's personalized financial advisory and planning services to clients throughout the Midwest region.
Los Angeles, CA/USA
Address: 555 S Flower St, Los Angeles, CA 90071, USA
Strategic location for catering to the diverse and complex financial needs of wealthy individuals, families, and entertainment industry clients in the dynamic Southern California economy.
Boston, MA/USA
Address: 100 Federal St, Boston, MA 02110, USA
Serves as a vital office for Bank of America Private Bank's presence in New England, addressing the complex financial requirements of its discerning clientele in the region.
Buying Intent Signals for U.S. Trust
Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.
Who's Leading U.S. Trust? Meet the Executive Team
As of April 2025, U.S. Trust' leadership includes:
Who's Investing in U.S. Trust?
U.S. Trust has been backed by several prominent investors over the years, including:
What Leadership Changes Has U.S. Trust Seen Recently?
Specific top-tier executive hire and exit data exclusively for the Bank of America Private Bank division over the past 12 months is not consistently or centrally publicized as distinct from Bank of America's overall executive movements. Major leadership changes within Bank of America that significantly affect the Private Bank would typically be announced by the parent company. No major publicly announced changes to the topmost leadership (e.g., President) of Bank of America Private Bank were identified in the last 12 months. Routine appointments or departures at regional or functional head levels may occur as part of ongoing business strategy.
What Technology (Tech Stack) Is Used byU.S. Trust?
Discover the tools U.S. Trust uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
U.S. Trust Email Formats and Examples
Bank of America, the parent company of Bank of America Private Bank, utilizes standardized corporate email formats. While minor variations might exist, common patterns involve combinations of an employee's first name, last name, and sometimes initials, followed by the @bofa.com or @bankofamerica.com domain. U.S. Trust's historical email formats are no longer in use.
Common formats include [first].[last]@bofa.com (e.g., john.doe@bofa.com) or [firstinitial][lastname]@bofa.com (e.g., jdoe@bofa.com).
Format
john.doe@bofa.com
Example
80%
Success rate
What's the Latest News About U.S. Trust?
Bank of America Newsroom • February 13, 2024
Bank of America Private Bank Releases Study of Ultra-High-Net-Worth Philanthropy
Bank of America Private Bank released its 2024 Study of Philanthropy, offering insights into the giving trends, priorities, and strategies of ultra-high-net-worth households in the U.S. The study explores motivations for giving and how philanthropic planning is integrated into overall wealth management....more
Bank of America Newsroom • October 26, 2023
Bank of America Private Bank Study Finds Wealthy Americans Redefining ‘Retirement’, Focusing on Health, Family and Purpose
A study from Bank of America Private Bank revealed that wealthy Americans are increasingly redefining traditional notions of retirement. The research highlights a greater emphasis on personal health, spending time with family, and pursuing purpose-driven activities and passions in their later years....more
Bank of America Newsroom • July 19, 2023
Private Bank Study Finds Next Generation of Affluent Americans Forging a New Path to Financial Success and Fulfillment
Bank of America Private Bank published findings indicating that younger affluent individuals (ages 21-43) are approaching wealth, careers, and life milestones differently than previous generations. They prioritize work-life balance, values-based investing, and diverse pathways to building wealth....more
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