Private banking for individuals, trusts and family offices

Best-in-class private banking is personalized as well as powerful. It combines the cash management and credit options you need with support from experts you trust. As a boutique firm within U.S. Bank, Ascent offers a personal relationship built around the resources of one of the nation’s highest-rated banks.

Our services – from deposit and lending options to efficient money movement to structured financing – are supported by wealth technology, and tailored for your requirements by a dedicated private banker and a team of professionals with experience in managing generational wealth.

U.S. Bank Plaza downtown Minneapolis

U.S. Bank has been named among the best banks in America for the 10th consecutive year.

Forbes, January 20211

Cash management with Ascent Personalized Private Banking

Cash management

Ascent’s cash management services streamline money movement and reporting for your entire family – from individual households to the central family office. Our integrated team approach allows us to better coordinate your needs across banking, investment and custody accounts. Services include:

  • Individualized cash management oversight and support
  • Access to U.S. Bank’s premium-level private banking accounts
  • Debit card2 with no ATM or foreign transaction fees3
  • Credit card products
  • Timely execution of complex financial transactions
  • Interest rate and foreign exchange hedging strategies
  • One of the largest nationwide ATM networks with offices abroad
  • Dedicated phone support including after-hours assistance
Transition your business with Ascent

Financing capabilities

Our clients have diverse balance sheets and complex financing needs. To meet their credit requirements we blend U.S. Bank’s breadth of private banking resources with personal attention from Ascent experts. Our capabilities include:

  • Residential and commercial real estate financing
  • Liquid-asset secured lines and loans
  • Unsecured lines and loans
  • Non-traditional assets
  • Insurance premium financing
  • Grantor retained annuity trusts (GRATs), freeze loans and other estate planning financing structures
  • Funding for stock option exercises
  • Partner buy-in or buy-out loans

Family enterprise resources

SinglePoint, our proprietary online suite of treasury management services, offers several benefits to clients with complex family enterprise environments who have a commercial account with Ascent.

Seamless online banking and reporting

Manage all your business and personal depository accounts via one online portal, with mobile access when you’re on the go.

Customizable platform

SinglePoint can be configured for the most complex family offices and offers many reporting and money-movement capabilities including check, wire, ACH, Zelle and real-time payments.

Secure environment

Built-in fraud prevention tools and the ability to set permissions such as dual-control requirements provide the privacy and security you need.

Other Ascent services

Family office services

Whether you want a robust family office option or specific elements, our services can be customized to fit your needs.

Investment consulting

You’ll receive the personalized service of a boutique investment firm combined with the vast resources of U.S. Bank.

Trusts and estates

With Ascent, you don’t have to choose between deep fiduciary experience and personal, engaged service.

Insights from our experts

Market news

Market news

Stay informed with our up-to-date reports on economic events and news from the markets.

Financial literacy for kids: 6 ways to teach your child about money

One of the most important lessons children will learn is financial literacy. These activities can teach your kids budgeting and money management skills to help them become financially self-sufficient.

Women generations

How to elevate female role models in your family story

Every family tree is full of amazing female role models. Oral history can be an effective way to record their stories and raise the profile of the women in your family.

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Disclosures
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WI-002 Not-not-may: Bank only
XX-021 Tax/legal advice - Bank only
WI-201 Ascent Family Office Services
WI-118C EH Credit Products only