Printer Friendly

U.S. BANCORP ANNOUNCES KEY EXECUTIVE PROMOTIONS TO POSITION FOR CONTINUED GROWTH

 PORTLAND, Ore., Jan. 13 /PRNewswire/ -- U.S. Bancorp (NASDAQ: USBC) Chairman and Chief Executive Officer Roger L. Breezley today announced several executive promotions designed to enhance the $21-billion company's position as one of the leading bank holding companies in the nation.
 Breezley announced the promotions of Edmund P. Jensen, chief operating officer, and Gerry B. Cameron to vice chairmen of U.S. Bancorp. Kevin R. Kelly has been promoted to president of U.S. Bancorp. John Eskildsen becomes president of U.S. Bank of Oregon, Phyllis J. Campbell takes the helm as president of U.S. Bank of Washington, and Gary Duim heads up all corporate banking operations for the corporation.
 "These promotions are an acknowledgment of the outstanding job these executives have done in helping to establish U.S. Bancorp as a leading super-regional institution," said Breezley. "By broadening and increasing their responsibilities, we are taking advantage of their exceptional leadership skills to further build U.S. Bancorp's position in our industry."
 These appointments affirm the company's strategic objectives of providing highest-quality basic banking services in the western region and building customer relationships outside the region through key products and services.
 U.S. Bancorp is capitalizing on the particular strengths of key executives to continue to increase profitability and shareholder value as well as to improve service to customers. "We expect to announce solid fourth-quarter results on Jan. 18, and these changes help ensure our continued growth," said Breezley.
 KEY PROMOTIONS
 Jensen, formerly president of U.S. Bancorp, moves into the vice chairman role to oversee corporate positioning and strategic planning as well as to direct key financial businesses not tied to U.S. Bancorp's geographic region, such as mortgage lending and credit card products. Jensen, 55, also retains the responsibilities of chief operating officer. He has been with U.S. Bancorp for 19 years, helping to direct the company's growth from an Oregon bank to a super-regional.
 As vice chairman, Cameron, formerly president of U.S. Bank of Washington, is now responsible for basic banking services in the corporation's established Northwest markets. He oversees U.S. Bank of Oregon and U.S. Bank of Washington operations, as well as all corporate banking activity in the company's five-state western region (Washington, Oregon, Northern California, Nevada and Idaho). Cameron, 54, has a 37-year career in banking with U.S. Bank and is recognized for his leadership in building U.S. Bank's Washington franchise.
 Joshua Green III will continue to play an active role as chairman of U.S. Bank of Washington and will remain a director of U.S. Bancorp.
 Kelly, 43, was formerly president of U.S. Bank of Oregon, the market leader in Oregon. In his new role as president of the bank holding company, Kelly will have greater influence on corporate positioning and on the growth of the leasing and insurance businesses. His assignments also include overseeing the company's marketing direction and corporate development. Kelly's career with U.S. Bancorp began in 1978.
 Eskildsen brings 33 years of banking experience to his role as the new president of U.S. Bank of Oregon. Formerly head of U.S. Bank of Oregon's Commercial Banking Group, Eskildsen is now responsible for all retail and small business operations in Oregon, including management of five area banks and more than one million deposit accounts. Widely acknowledged for his leadership and community service, Eskildsen, 56, is a former president of the Oregon Bankers' Association.
 Campbell brings a statewide perspective and reputation to her new role as president of U.S. Bank of Washington. She was formerly head of U.S. Bank of Washington's King County area bank; before that she managed the bank's branches in eastern Washington. Campbell, 42, is a Washington native with 20 years of banking experience. She will be responsible for three area banks consisting of over 140 branches serving the entire state.
 "We are pleased to announce the appointment of Phyllis as president of U.S. Bank of Washington," said Breezley. "Her demonstrated leadership qualities, insights into the Washington marketplace, as well as her banking expertise, make her an exceptional choice."
 As head of U.S. Bancorp's Corporate Banking Group covering five states, Executive Vice President Duim's new position reflects the company's recognition of the similarities in middle-market and large business banking throughout the region. Duim, 48, formerly headed U.S. Bank of Washington's Commercial Banking Group and has 30 years of banking experience.
 "Putting corporate banking under one umbrella allows us to effectively utilize the expertise of U.S. Bank officers across state lines and among various business specialties," said Breezley. This structure is particularly responsive to customer needs and increases internal efficiencies. We are also moving total responsibility for small business banking to the area banks in all states in order to bring decision making even closer to our customers."
 These management changes have aligned business and support units according to function and customer focus. "This allows us to improve efficiency, clarify our focus, and better distribute work loads and responsibilities according to the strengths of our key executives," stated Breezley.
 The U.S. Bancorp board has ratified the promotions of Jensen, Cameron and Kelly. The executive committees of the bank boards have recommended the promotions of Campbell and Eskildsen to be approved at their next full board meeting.
 U.S. Bancorp is the largest bank holding company headquartered in the Northwest, with assets of $21.1 billion as of Sept. 30, 1992. As one of the nation's 35 largest bank holding companies, U.S. Bancorp has ranked among the top tier of these companies in performance and capital strength for the last several years. Banking subsidiaries include U.S. Bank of Oregon; U.S. Bank of Washington; U.S. Bank of California; U.S. Bank of Nevada; and U.S. Bank of Idaho.
 -0- 1/13/93
 /CONTACT: Don Bowler, investor relations, 503-275-5702, or Mary Ruble, public relations, 503-275-6200, both of U.S. Bancorp/
 (USBC)


CO: U.S. Bancorp ST: Washington, Oregon IN: FIN SU: PER

SW-GT -- SE001 -- 4416 01/13/93 11:01 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 13, 1993
Words:1010
Previous Article:CONRAIL AND C.W.S. ANNOUNCE 'STEELINK'
Next Article:HAYES SETTLES WITH MULTI-TECH LENGTHY TRIAL NOT REQUIRED
Topics:


Related Articles
CAMERON ASSUMES ROLE OF CHAIRMAN OF U.S. BANK OF OREGON
GERRY B. CAMERON NAMED CHIEF OPERATING OFFICER OF U.S. BANCORP
U.S. BANCORP NAMES NEW CHIEF EXECUTIVE OFFICER
U.S. BANCORP ANNOUNCES ACTIONS TO TRIM EXPENSES, IMPROVE EFFICIENCY
U.S. BANCORP TAPS NEW SENIOR EXECUTIVE
? U.S. BANCORP ANNOUNCES ACTIONS
MERIDIAN BANCORP MOVES TO STRENGTHEN ITS MANAGEMENT DEPTH AND STRATEGIC FOCUS WITH KEY ADDITIONS
U.S. BANCORP & WEST ONE BANCORP AGREE TO MERGE; MERGER STRENGTHENS LEADING INDEPENDENT NORTHWEST COMMERCIAL BANKING FRANCHISE
FIRST REGIONAL BANCORP CONTINUES STRONG EARNINGS PERFORMANCE DURING SECOND QUARTER AND FIRST HALF
U.S. Bancorp Completes Acquisition of Sun Capital Bancorp

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters