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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.

314-335-3311

william.bayer@usbank.com


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.

314-335-2613

lawrence.a.baerveldt@usbank.com


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.

314-335-2634

robert.espeland@usbank.com


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.

314-335-2536

callan.yeoman@usbank.com


Clark Affholder Syndications Fund Management

Clark Affholder
Syndications Fund Management


Patrick Feagan Financial Analyst

Patrick Feagan
Financial Analyst


Sam Kenning Syndications Analyst

Sam Kenning
Syndications Analyst


Louisa Martin Syndications Analyst

Louisa Martin
Syndications Analyst


Lauren Smith Syndications Fund Management

Lauren Smith
Syndications Fund 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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