U.S. Bancorp announced today the launch of its new Asset Backed Securitization Lending business, providing non-recourse commitments secured by consumer and commercial receivables. With this new capability, U.S. Bancorp leverages its direct corporate lending experience to provide clients with an additional credit product.
Bo Weatherly joined U.S. Bancorp in 2016 and will serve as managing director for the new business. Weatherly has more than 25 years’ experience in financial services and is based in Charlotte, North Carolina. In anticipation of the product launch, Weatherly brought together a team of established industry experts, each with an average of 20 years of experience in the asset-backed securitization markets.
