After years of rejections from major banks, Donald Trump's funds have found a new home at Citibank.

According to sources familiar with the matter, Eric Trump, the former president's son, has signed on as a client and established a trust at the third-largest U.S. bank to hold some of his father's funds.

The relationship began when Citibank CEO Jane Fraser reached out to congratulate Trump after his election victory last November. Sources indicate that this new trust arrangement has become a sensitive topic within Citibank, with the institution carefully evaluating how to restrict information access beyond key personnel, including wealth management head Andy Sieg and relationship manager Kent Lucken.

Many banks' reluctance to conduct business with Trump has frustrated the president, who publicly criticized JPMorgan Chase and Bank of America this year, claiming they refuse to do business with him. Both companies have stated they do not reject business for ideological reasons. In August, Trump told CNBC that he was "forced to go to other smaller banks."

A Citibank spokesperson declined to comment. The Trump Organization did not respond to requests for comment; Eric Trump serves as an executive at the Trump family real estate company.

White House spokesperson Anna Kelly stated: "The president's personal assets are held in trusts managed by his children and are unrelated to his presidential decisions." However, she did not mention the new trust arrangement.