U.S. Trust today announced that it will again serve as the exclusive financial services underwriter of the Aspen Ideas Festival, a weeklong series of programs, tutorials, seminars and discussion events focused on ideas, issues and intellectual inquiry. The annual Aspen Ideas Festival, presented by the Aspen Institute and The Atlantic, will be held in Aspen, Colorado, from June 27 to July 3, 2012. This is U.S. Trust’s fourth year as underwriter.

At this year’s Aspen Ideas Festival, U.S. Trust will look through a lens of legacy at the U.S. response to the global financial crisis, shifting generational responses to new economic realities and the value of personal legacy amid uncertainty.

“We are proud to continue our partnership with The Atlantic and the Aspen Institute again this year and support the festival. It’s a terrific place to have inspired conversations about business, government, academia, philanthropy and art,” said U.S. Trust President Keith Banks.

Three senior U.S. Trust executives will participate in programs during the conference:

• Panel: The global financial crisis has tested the U.S.' supremacy. Can we compete? U.S. Trust Chief Investment Officer Chris Hyzy will join Fred Hochberg, the current chairman and president of the Export-Import Bank of the United States, and Marco Annunziata, chief economist and executive director, Global Market Insights at General Electric. Panel moderator Maria Bartiromo will lead a discussion on what the next 20 years may look like for the U.S., and how it can succeed in a rapidly changing global economy. (June 28, 10:30 a.m. MT)
• Keith Banks one-on-one interview with Bill Mayer. U.S. Trust President Keith Banks along with Bill Mayer, senior partner at Park Avenue Equity Partners, will have a discussion on investing during these uncertain times. Investing is a term that is applicable to more than money. (June 28, 8 a.m. MT)
• Evening Exchange, “What Is a Legacy Worth?” This U.S. Trust-sponsored panel, hosted by Keith Banks and moderated by U.S. Trust Chief Fiduciary Executive Chris Heilmann, explores the many meanings of legacy. Two-time Olympic medal-winning figure skater Michelle Kwan, explorer and mountaineer David Breashears, and NFL Hall of Fame football player Jim Brown will speak from their own unique perspectives on the legacy of achievement on and off the field . (June 28, 7:30 – 9 p.m. MT)
• Luncheon: Best Practices in Sustaining a Legacy of Values Across Generations. U.S. Trust Chief Fiduciary Executive Chris Heilmann is the featured speaker at this luncheon with insight and anecdotes on how notable families have passed down legacy and wealth across generations. (June 29, noon – 1 p.m. MT)

Additional information about U.S. Trust insight at Aspen Ideas Festival can be found at www.ustrust.com/aspen.

About U.S. Trust

U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, which is a global leader in wealth management, private banking and retail brokerage. U.S. Trust is responsible for $333.8 billion in client balances*. The firm employs more than 4,000 professionals and maintains 140 offices in 32 states.

*Source: Bank of America. As of March 31, 2012, U.S. Trust, Bank of America Private Wealth Management had client balances of $333.8 billion. Client balances consists of assets under management (AUM), client brokerage assets, assets in custody, loan balances and deposits of U.S. Trust, Bank of America Private Wealth Management clients held at Bank of America, N.A. and affiliated banks.

U.S. Trust operates through Bank of America, N.A., and other subsidiaries of Bank of America Corporation.

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Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,250 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves customers through operations in more than 40 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

For more Bank of America news, visit the Bank of America newsroom.

Aspen Ideas Festival

Entering its seventh year, the Aspen Ideas Festival will gather some of the most interesting thinkers and leaders from around the U.S. and abroad to discuss their work, the issues that inspire them, and their ideas. Presented by the Aspen Institute and The Atlantic, the festival is unique in its dedication to dialogue and exchange, and in its commitment to bringing ideas to the public at large. For more information, visit www.aifestival.org.