Bank of America Corp acquires U.S. Trust Corporation

On November 20, 2007, Bank of America Corp acquired U.S. Trust Corporation, a financial services company in New York, United States, from The Charles Schwab Corp.

Deal at a glance

AnnouncedNovember 20, 2007 TypeAdd-on Acquistion TargetU.S. Trust Corporation Buyer Bank of America Corp Seller The Charles Schwab Corp. SectorFinancial Services LocationNew York, United States ValueMembers only

Target company

U.S. Trust Corporation

New York, United States

Financial Servicessector

-founded

Activestatus

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Buyer

Bank of America Corp

Company · 31 deals on record

5th transaction in financial services
6th transaction in United States

31deals, all time

16in this sector

2010latest

Seller

The Charles Schwab Corp.

Company · 16 deals on record

16investments

10in this sector

3exits

Members only

Contact details at the buyers and sellers

The full deal history of every party

Co-investors and the other advisors on this deal

Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired U.S. Trust Corporation?Bank of America Corp acquired U.S. Trust Corporation on November 20, 2007.

Who sold U.S. Trust Corporation?The Charles Schwab Corp. was the seller.

What type of deal was it?It was a add-on acquistion in the financial services sector in 2007.

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