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Our Team: Federal and State Tax Credit Syndications

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
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 Federal Syndications Manager

Larry Baerveldt
Federal Syndications Manager

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
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.

Chris Roetheli

Chris Roetheli
New Business Development

Chris Roetheli works in our new business initiatives group. He is responsible for exploring innovative ways in which USBCDC can leverage its platform of tax credit finance expertise to drive incremental community impact and economic value. Prior to his work in the new business initiatives group, Chris served in various finance roles at USBCDC, including director of finance. He received his BS in business administration with an emphasis in finance from Southeast Missouri State University and holds an MBA in finance from Saint Louis University. Chris serves on the board of directors for Habitat for Humanity Saint Louis.

Callan Yeoman Investor Relations Manager

Callan Yeoman
Investor Relations Manager

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.

Bill Carson, LEED AP
New Business Development

Bill Carson joined USBCDC in 2014 to launch a holistic approach to investing in the physical and social aspects of community‐scale redevelopment. Previously, he spent eight years as vice president and director of sustainability with McCormack Baron Salazar and president of MBS subsidiary Sunwheel Energy. After starting his career in efficiency/environmental engineering and business development with global manufacturer Air Products, he entered urban redevelopment in 2001 as executive director of the Vashon Education Compact, a public‐private‐civic partnership with St. Louis’ most distressed public schools. Bill holds a B.S. in mechanical Engineering from Cornell University, and master’s degrees in Engineering & Policy and Engineering Management from Washington University. He is a board officer of the Center of Creative Arts, a member of the Danforth Plant Science Center Leadership Council, and a board member of EcoDistricts.

Deanna Breznenik
Senior Fund Managment

Patrick Feagan Financial Analyst

Patrick Feagan
Assistant Director of Project Management

Clark Affholder Syndications Fund Management

Clark Affholder
Project Management

Clare Higgins

Clare Higgins
New Business Development

Sam Kenning Syndications Analyst

Sam Kenning
Syndications Analyst

Evan Lewis
Syndications Analyst

Christina Pruett

Christina Pruett
Syndications Fund Management

Elissa Schauman

Elissa Schauman
New Business Development

Lauren Smith Syndications Fund Management

Lauren Smith
Project Management

The Basics of Syndications

We connect those who want to invest in community development projects with tax credit funds that help meet their needs. Here’s how it works.

Portfolio Highlights

See how structured investments have generated financial, social and environmental outcomes.

Equal Housing Lender Equal Housing Lender

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.

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