U.S. Trust's Connecticut subsidiary is following the trust bank's expansion blueprint by seeking to add credit products to its host of financial services.

To do so, U.S. Trust Company of Connecticut will apply for a state banking charter. The company says it anticipates approval of full banking powers by the end of this year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.