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U.S. Bank Equipment Finance Signs Agreement for Asset IQ to Provide Asset Management

July 24, 2020, 07:10 AM
Filed Under: Asset Management

U.S. Bank Equipment Finance, a division of U.S. Bank, has entered into an agreement with Asset IQ LLC to provide a comprehensive way  for the bank to save time and money with the recovery, transportation, remarketing and disposition of end of term and special assets within the bank’s lease or loan portfolios, Asset IQ Financial Services announced.

Asset IQ is a dedicated provider of remarketing, auditing, inventory and asset management solutions, providing clients with a lower cost and more effective alternative to the complex process of reclamation, disposition, ongoing management and resale of high-value assets. Asset IQ’s custom designs each vertical market within a financial institution lease or loan portfolio in order to deliver positive results for their clients.

U.S. Bank, which has its headquarters in Minnesota, is the fifth-largest bank in the country, with more than 70,000 employees and $495 billion in assets as of December 31, 2019. Its
 core businesses include Consumer & Business Banking, Corporate & Commercial Banking, Payment Services and Wealth Management & Investment Services.

Asset IQ Financial Services is a provider of remarketing, inventory, asset management and liquidation solutions for the financial and related industries. Asset IQ, LLC is a Cincinnati based firm with offices located across Florida, Texas and North Carolina.

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