U.S. Bank Related Content

US Bank Promotes Ford to President of Wealth Management

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

US Bank to Transition Securities From LIBOR to SOFR After June 30

After June 30, U.S. Bank will replace three-month LIBOR with three-month CME term SOFR as the reference rate for certain outstanding floating rate or fixed-to-floating rate debt securities, preferred stock represented by depositary shares, income trust securities and preferred stock. read more

Truck Freight Volume Continues to Contract Nationwide Despite Increases in Southwest

According to the latest U.S. Bank Freight Payment Index, the volume of freight shipments moved via truck in the United States declined in Q1/23 by 6.1% year over year. This was the fourth quarter in a row in which volume has contracted on an annual basis. read more

US Bank Introduces New Business Diversity Lending Program

U.S. Bank introduced a new business diversity lending program that will expand the ability of women-, minority- and veteran-owned businesses to obtain capital, building upon the bank’s broader efforts to support underrepresented businesses and help address the wealth gap. read more

US Bank Appoints New Executive Leaders to Succeed Quinn and Kelligrew

U.S. Bank appointed new members to its executive leadership team to succeed Kate Quinn, vice chair and chief administrative officer, and Jim Kelligrew, vice chair of corporate and commercial banking, who will retire on June 30. read more

US Bank Names Martin President of Global Fund Services

U.S. Bank hired Jay Martin as president of global fund services. In his role, Martin will lead a global team that combines technology with customer service to offer customized product solutions for alternative investments, mutual funds and exchange-traded products. read more

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

US Bank Adds Mascotto as Head of Sustainable Finance

U.S. Bank hired Guillaume Mascotto as the company’s head of sustainable finance. In this new leadership role, Mascotto will build and lead a new team focused on identifying sustainable finance opportunities across the entire U.S. Bank enterprise. read more

US Bank Names Kaalund New Head of Branch Banking

Sekou Kaalund joined U.S. Bank in the newly created role of head of branch banking, a leadership role within consumer and business banking responsible for U.S. Bank’s more than 2,200 branches as well as its consumer and small business bankers spread out across 26 states. read more

Risk Management Soars Past Revenue Growth as Top Priority for Finance Leaders

According to U.S. Bank’s 2022 CFO Insights Report, finance leaders’ priorities have shifted as they work to help guide their firms through choppy waters, with risk identification among the most cited top priorities among survey respondents. read more

US Bank’s MUFG Union Bank Acquisition to Close Dec. 1

Mitsubishi UFJ Financial Group (MUFG) reported that the final required regulatory approvals for the sales of MUFG Union Bank to U.S. Bank have been obtained, with the acquisition now expected to close on Dec. 1. read more

US Bank Receives All Required US Regulatory Approvals for MUFG Acquisition

U.S. Bank has received all required U.S. regulatory approvals to complete its previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG). read more

BofA and MUFG Lead $1.4B Revolving Credit Facility for Ryder

Ryder executed a five-year, $1.4 billion global revolving credit facility, which includes 11 global institutions and will expire on Dec. 14, 2026. BofA Securities and MUFG Bank acted as joint bookrunners and joint lead arrangers for the facility. read more

US Bank Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050

U.S. Bank unveiled several company-wide commitments to address the impacts of climate change on its business, customers and communities, including setting a goal to achieve Net Zero greenhouse gas emissions by 2050. read more

U.S. Bank Names Remington Chief Credit Officer

U.S. Bank named Troy Remington chief credit officer. Remington has been serving as interim chief credit officer since early August, when the bank’s former chief credit officer accepted a new leadership role within the company. read more

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