Mark Runkel is a vice chair and head of Payments: Merchants and Institutional (PMI) at U.S. Bancorp, which includes Merchant Payment Services, Corporate Payment and Treasury Solutions, and Payments Europe. His team provides digital and card-based payment and money movement capabilities to consumers, businesses and institutions of all sizes in North America and Europe. Runkel also serves as the board chair of U.S. Bank Europe.
Runkel was named PMI leader in January 2025 and previously served as chief transformation officer of U.S. Bancorp. Prior to that time, he was chief credit officer and held several positions within U.S. Bancorp, including executive credit officer of U.S. Bancorp Retail Banking and Payment Services and senior vice president and risk manager of U.S. Bancorp Retail and Small Business Banking.
Before joining U.S. Bancorp in 2002, Runkel worked in credit risk management at Fingerhut, a subsidiary of Federated Department Stores, and Wellmark Blue Cross and Blue Shield of South Dakota.
Runkel served on the board for CommonBond Communities, an affordable housing non-profit serving Minnesota, Wisconsin and Iowa. He is also a past board member of Special Olympics Minnesota and the Risk Management Association’s Consumer Risk Management Committee.
He received a bachelor’s degree in business administration from Augustana College and an MBA from St. Mary’s University.