SAN FRANCISCO--(BUSINESS WIRE)--Sep. 27, 2013--
U.S. Bank has hired Michael Righi to lead its middle market commercial
banking teams in the Pacific Northwest and to serve as the company’s
president for Northern California. Righi will be based in San Francisco.
U.S. Bank has hired Michael Righi to lead its middle market commercial banking teams in the Pacific Northwest and to serve as the company's president for Northern California. Righi will be based in San Francisco. (Photo: Business Wire)
In addition to serving as market president for Northern California,
Righi will oversee commercial banking throughout the Pacific Northwest
region. U.S. Bank Market Presidents Malia Wasson in Portland and Chris
Heman in Seattle will continue in their leadership roles, reporting to
Righi.
Righi succeeds Michael Walker, who recently took a new role leading
corporate banking for U.S. Bank’s western region. Walker is a veteran of
the financial services industry, with more than 30 years of experience
in commercial, corporate and investment banking. Walker joined U.S. Bank
in 2005 and ran commercial banking in Northern California prior to
taking a new leadership position within U.S. Bank’s national corporate
banking division.
“We are thrilled to welcome Michael Righi to U.S. Bank, and to
congratulate Michael Walker on his new role in national corporate
banking,” said Elliot Jaffee, executive vice president and head of
commercial banking at U.S. Bank. “Michael Walker has done a tremendous
job in his role as president and the company will continue to benefit
from his experience and leadership as he develops national business for
our corporate banking team.
“Michael Righi’s experiences in banking and his knowledge of the Bay
Area and the Pacific Northwest make him an ideal person to ensure a
smooth transition as we continue to grow U.S. Bank’s presence in
Northern California and the Pacific Northwest,” said Jaffee.
“This is a great company with tremendous momentum given its reputation
and strength in the industry,” said Righi. “This is a historic time for
banking, and I’m excited to have this opportunity to join U.S. Bank’s
leadership team as businesses rebound and look to strong financial
partners to help them grow.”
Righi comes to U.S. Bank from Bank of America, where he led the global
commercial bank middle market banking teams throughout the Greater Bay
Area and was also a dual employee of their investment bank. He holds a
FINRA security licenses for the series 7, 24 and 63 designations, and
will focus on delivering capital market solutions to middle market
clients throughout the region.
A native of Seattle, Righi’s 25 years of experience includes leadership
roles with KeyCorp, several years with U.S. Bank’s legacy company
People’s Bank in Seattle, as well as early years as a national bank
examiner. Righi is a graduate of Seattle University and the Pacific
Coast Banking School at the University of Washington.
In the community, Righi is a board trustee for the Contemporary Jewish
Museum in San Francisco, serves as an advisory board trustee for Pacific
Northwest Ballet in Seattle.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $353
billion in assets as of June 30, 2013, is the parent company of U.S.
Bank, the 5th largest commercial bank in the United States. Celebrating
its 150th anniversary this year, the company operates 3,087 banking
offices in 25 states and 5,032 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.
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Source: U.S. Bank
U.S. Bank Public Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com