Our Team: Federal and State Tax Credit Syndications
Tailoring tax credit funds to match investors’ needs.
Our tax credit syndications team works with qualified institutional and individual investors to tailor investments to help meet their financial needs and fulfill a range of social and environmental goals.
Bill Bayer Director of Syndications and New Business Initiatives
Bill Bayer oversees our federal and state syndications division and new business initiatives team. Most recently, Bill acted as vice president of new business initiatives, researching and evaluating new financial structures, partnerships, and opportunities to strengthen USBCDC's overall platform. During his more than 4 years at USBCDC, Bill has also served as a New Markets Tax Credit (NMTC) and Historic Tax Credit (HTC) project manager, investing more than $140 million of tax credit equity in support of businesses and real estate developments across the country. In St. Louis, Bill has been instrumental in financing the redevelopment of the former St. Louis Centre Mall and its adjoining One City Center office tower, which are major components of the Mercantile Exchange (MX), an emerging residential, shopping, and entertainment district in downtown. He currently sits on the board of the National Blues Museum, which will open in the MX in 2014. Prior to joining USBCDC, Bill worked for 7 years in the audit and tax departments at Ernst & Young. He holds a BS in Accounting and a BA in Communications from Saint Louis University and is a certified public accountant.
Larry Baerveldt focuses his efforts on raising tax credit equity from third-party investors through the placement of NMTCs, HTCs, Low-Income Housing Tax Credits (LIHTCs) and Renewable Energy Tax Credits (RETCs). He has closed on a number of syndicated transactions with banks, insurance companies and other corporate investors. Prior to joining USBCDC in 2005, Larry served as a vice president in structured finance at U.S. Bank. He holds a JD with academic honors from the University of Illinois College of Law and a BS in business administration with academic honors from Saint Louis University.
Robert Espeland State Tax Credit Clearinghouse Manager
Robert Espeland has worked in the banking industry for more than 20 years and has been employed by U.S. Bank since 1998. Prior to his current role as manager of our State Tax Credit Clearinghouse, Robert was in our asset management group, where he monitored a portfolio of LIHTC and HTC investments. He holds an MBA from Fontbonne University and a BA from the University of Missouri-St. Louis. Robert is a U.S. Bank Circle of Service Excellence Award winner, a recognition awarded to employees demonstrating exemplary customer service.
Callan Yeoman leads a team that is responsible for the management of tax credit funds that have been syndicated to third-party investors. He serves as the primary point of contact for each of our investors throughout the compliance period of their investments and handles all tax matters related to the funds. Prior joining USBCDC in 2011, he was a relationship manager in the leveraged-finance group of U.S. Bank for five years and a practicing attorney with Armstrong Teasdale LLP for two years. He holds a JD from Saint Louis University and BS from Western Kentucky University.
U.S. Bank and its representatives do not provide tax or legal advice. Each tax and financial situation is unique. Consult your tax and/or legal advisor for advice and information concerning a particular situation.
U.S. Bank is not responsible for and does not guarantee the products, services or performance of its affiliates and third parties.
We've detected that you are currently accessing this site using an older version of Internet Explorer. We have not designed this site to support older versions of Internet Explorer. Therefore, you may encounter issues with how the site is displayed and how you can navigate through the site when using this older browser. We highly recommend you upgrade your current browser or download a new version of a different browser.