Tony Cracchiolo, president and CEO of U.S. Bank Equipment Finance, announced that he will retire in July. According to a U.S. Bank spokesperson, the bank will begin a search for a new leader of its equipment finance business in the coming months. read more

APR 11, 2024 - 6:50 am

U.S. Bank hired Brian DuPont as healthcare/SBA segments credit leader, a newly created role that will support healthcare and Small Business Administration lending at the bank. DuPont joined U.S. Bank from Bank of America, bringing 29 years of lending expertise in the healthcare, conventional and SBA credit spaces. read more

APR 5, 2024 - 6:43 am

U.S. Bank launched a new division dedicated to serving private capital firms and global asset managers, bringing together all parts of the bank that currently serve more than 200 private capital clients with a range of products and services. The bank named Stephen Jeselson head of the division. read more

FEB 23, 2024 - 6:39 am

The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to U.S. Bank. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7% in 2023, while spending by shippers contracted 13.5%. read more

FEB 2, 2024 - 6:50 am

U.S. Bank named Ariel Meyerstein the head of its environmental, social and governance (ESG) program office. Meyerstein has more than 20 years of experience in international law, global policy, ESG and sustainable finance. read more

OCT 6, 2023 - 6:54 am

U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to U.S. Bank’s 2023 CFO Insights Report. read more

OCT 2, 2023 - 7:03 am

Most U.S. small business owners feel successful, driven by purpose and fulfilled by their work, but more than half are sacrificing time and relationships with loved ones for the sake of their business, according to a new U.S. Bank survey. read more

SEP 27, 2023 - 7:06 am

U.S. Bank named Kai Sakstrup chief product officer for its wealth, corporate, commercial and institutional banking division. Sakstrup previously served as chief strategy officer for U.S. Bank for more than six years. read more

SEP 21, 2023 - 6:24 am

U.S. Bank launched a new cross-business initiative to serve healthcare practices with up to $25 million in annual revenue, appointing Joe Persichetti head of healthcare business banking to lead the effort. read more

SEP 15, 2023 - 6:36 am

Shruti Patel joined U.S. Bank as chief product officer for the business banking segment. Patel was most recently head of global product partnerships and monetization at e-commerce company Shopify. Prior to that, she was head of embedded payments and partnerships at JPMorgan Chase. read more

SEP 7, 2023 - 7:01 am

U.S. Bank announced that Terrance Robert Dolan and John Stern will assume new roles on Sept. 1, with Dolan becoming vice chair and chief administration officer to oversee the company’s combined chief administration office, while Stern will become senior executive vice president and CFO. read more

AUG 24, 2023 - 7:06 am

Truck freight volume and spending in Q2/23 declined by the highest levels since the early days of the COVID-19 pandemic, according to the latest U.S. Bank Freight Payment Index. Spending by shippers dropped 10.9% in the quarter compared with Q2/233, while shipment volume dropped 9%. read more

AUG 2, 2023 - 6:59 am

Henry Schein, a provider of healthcare solutions to office-based dental and medical professionals, closed on a $750 million credit facility with a maturity date of July 2026. JP Morgan Securities and U.S. Bank acted as joint lead arrangers. read more

JUL 17, 2023 - 6:41 am

U.S. Bank named Jimmy Whang head of its commercial products group, effective June 30. Whang replaces Stephen Philipson, who was recently promoted to a new role overseeing global markets and specialized finance (GMSF). read more

JUN 29, 2023 - 7:13 am

U.S. Bank promoted Scott Ford to president of wealth management, succeeding Mark Jordahl, who will retire this summer. Previously, Ford led U.S. Bank’s affluent wealth management business and U.S. Bancorp Investments’ financial advisors. read more

MAY 18, 2023 - 6:42 am