U.S. Bank named Charles Lietz senior vice president and business head of U.S. Bank Dealer Services Group, where he will lead and oversee all operations, serving automobile, material handling and construction equipment dealers and distributors nationwide. The combined group will continue to provide dedicated products and resources to these important industry sectors including floor plan financing and the full range of banking and financial services.

Lietz will report to Sal Maglietta, executive vice president, U.S. Bank Specialized Finance. “We are increasing our focus and deepening our commitment to clients in these markets,” said Maglietta, “and, given Chuck’s vision, his strategic leadership and the dramatic rise in auto sales, we are well positioned for growth in this area.”

Lietz joined U.S. Bank in 2005 and previously served as the director of operations and technology for U.S. Bank Equipment Finance, one of the nation’s largest equipment finance providers. Prior to joining U.S. Bank, Lietz spent over 15 years in the manufacturing sector including seven years with Tyco International in various posts such as CFO and general manager of the Precision Interconnect division.