MINNEAPOLIS--(BUSINESS WIRE)--
U.S. Bank (NYSE:USB), the fifth largest bank in the United States,
announced today that Leslie Godridge and Jim Kelligrew have been
promoted to Vice Chairs and Co-Heads of its Wholesale Banking division,
succeeding Richard “Dick” Payne who will retire in the spring. Godridge
and Kelligrew report to Chief Operating Officer Andy Cecere and joined
the bank’s 15-person Managing Committee, effective Jan. 1, 2016.
“Leslie and Jim are tremendous leaders and we’re excited to promote them
to our Managing Committee,” said Cecere. “Our Wholesale Banking division
is positioned for continued growth under their leadership, as our
company’s financial strength and best-in-class debt ratings give us a
unique advantage in helping our middle-market, large corporate,
government/institutional and commercial real estate customers achieve
their goals.”
U.S. Bank’s Wholesale Banking division serves those customers –
middle-market, large corporate and commercial real estate firms, as well
as government and institutional entities – nationwide. Since 2007, the
bank has invested heavily in adding or enhancing capabilities to help
them achieve their goals: expanding its capital markets capabilities,
developing a new treasury management approach, enhancing foreign
exchange and derivatives offerings, and adding high-grade fixed income
and municipal bond groups.
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Godridge will oversee national corporate banking, global
treasury management, public and nonprofit finance, and commercial
customer service and wholesale support. Godridge joined the bank in
2007, most recently serving as executive vice president and head of
national corporate banking specialized industries and global treasury
management. Prior to joining U.S. Bank, she had more than 30 years of
experience at The Bank of New York Mellon and IBM, and earned a
bachelor’s degree from Smith College and an MBA from New York
University. She’s also a repeat honoree for American Banker’s Most
Powerful Women in Banking. Godridge will remain based in New York.
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Kelligrew will oversee commercial (middle-market) banking,
commercial real estate, specialized finance, administration and risk
management, and fixed income and capital markets. Kelligrew joined the
bank in 2009, most recently serving as executive vice president and
head of fixed income and capital markets. Prior to joining U.S. Bank,
he had 22 years of experience at Wells Fargo/Wachovia, Bank of Americaand Lehman Brothers, and earned a bachelor’s degree from the
University of Michigan. Kelligrew will remain based in Charlotte.
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Payne joined U.S. Bank in 2006 as Vice Chair and head of
Corporate Banking, and in 2010 became Vice Chair of Wholesale Banking
(which includes Corporate Banking). Under his leadership, the division
expanded beyond its 25-state regional footprint, opening offices in
New York, Charlotte and Dallas; grew its capital markets business
five-fold; and has become one of the top five wholesale banks in the
country. Prior to joining U.S. Bank, Payne spent more than 30 years in
the industry with National City Corporation, Wachovia, Bank of
America, Morgan Stanley and Chemical Bank. Prior to his banking
career, he served in the United States Navy.
“We congratulate Dick on his retirement and thank him for his
contributions to U.S. Bank,” said Richard Davis, chairman, president and
chief executive officer of U.S. Bancorp. “His leadership over nearly a
decade has been instrumental in expanding our Wholesale Banking division
into a national platform and positioning it for future growth, as well
as in the founding and success of our Proud to Serve veteran support
program.”
U.S. Bancorp (NYSE: USB), with $416 billion in assets as of September
30, 2015, is the parent company of U.S. Bank, the fifth-largest
commercial bank in the United States. The company operates 3,151 banking
offices in 25 states and 5,001 ATMs, and provides a comprehensive line
of banking, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160106005305/en/
Source: U.S. Bank
U.S. Bank Corporate Communications
Dana Ripley, 612-303-3167
dana.ripley@usbank.com
@usbank_news