MINNEAPOLIS--(BUSINESS WIRE)--Dec. 12, 2013--
U.S. Bancorp (NYSE: USB) has promoted P.W. “Bill” Parker to the position
of vice chairman and chief risk officer, overseeing all risk and
compliance functions at U.S. Bank. Parker was previously chief credit
officer for U.S. Bancorp, an area he will continue to oversee in his new
role.
“U.S. Bank enjoys a well-deserved reputation as a leader among banks for
our operating, credit and risk profile,” said Richard Davis, chairman,
president and chief executive officer of U.S. Bancorp. “Bill’s insights
and leadership have proven to be invaluable to our company, customers
and shareholders, and I am pleased that he is now leading another
important area of our company.”
Parker has been with U.S. Bancorp since 1984. He began his career as a
commercial lending officer and has held subsequent positions as senior
credit officer in retail and wholesale banking, and as the executive
vice president for credit policy. He received his bachelor's degree from
Amherst College, Amherst, Mass. and his master's degree from The Amos
Tuck School of Business Administration at Dartmouth College. Parker
serves as a board member on the Ordway Center for the Performing Arts
and Como Friends, both in St. Paul, Minn. He and his wife, Anne, have
three children and reside in St. Paul, Minn.
Richard J. Hidy, who previously held the role of chief risk officer,
will retire from U.S. Bank in March.
“Rich has made enormous contributions to U.S. Bank since 1992, when he
joined the former Star Banc in Cincinnati,” Davis said. “Through his
leadership and tireless efforts, Rich has helped build our outstanding
reputation for sound risk management. I wish Rich all the best as he
begins this new chapter in his life.”
U.S. Bancorp (NYSE: USB), with $361 billion in assets as of Sept. 30,
2013, is the parent company of U.S. Bank, the 5th largest commercial
bank in the United States. The company operates 3,088 banking offices in
25 states and 4,937 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com.
Source: U.S. Bancorp
U.S. Bank (Media)
Tom Joyce, 612-303-3167
or
Teri
Charest, 612-303-0732
or
U.S. Bank (Investor)
Judith T.
Murphy, 612-303-0783