U.S. Bancorp agreed to acquire BTIG, a financial services firm specializing in investment banking, institutional sales and trading, research and prime brokerage, for a total consideration of up to $1 billion.
Under the terms of the agreement, $725 million will be paid at closing with up to an additional $275 million of cash consideration payable over three years, subject to achievement of defined performance targets.
Headquartered in Minneapolis, U.S. Bancorp serves millions of customers through consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp is the parent company of U.S. Bank National Association and has $695 billion in assets as of September 30, 2025.
The S&C team advising U.S. Bancorp includes Mitch Eitel, Jared Fishman, Gabrielle Pacia, George Shen and Charlotte Lindsay. Sarah Remmer Long, Brittney Kidwell, Julia Khomenko and Andrea Steiner are advising on executive compensation matters. Mehdi Ansari, Elizabeth Levin and Kelvin Kim are advising on intellectual property matters. Jameson Lloyd, Stephen Profeta and Zachary Hayworth are advising on tax matters. Frederick Wertheim, Colin Lloyd and Tracey Russell are advising on FINRA and broker-dealer matters.