MINNEAPOLIS--(BUSINESS WIRE)--Oct. 11, 2007--P. W. (Bill) Parker
was named today as the new chief credit officer of U.S. Bancorp
(NYSE:USB). Parker will assume his new position immediately. This
announcement was made by Richard K. Davis, president and chief
executive officer of U. S. Bancorp.
Parker, 50, was selected for the position as chief credit officer
following U.S. Bancorp's national search and evaluation of both
external and internal candidates. He has been with U.S. Bancorp since
1984, and most recently served as executive vice president and chief
portfolio risk management officer.
"I am looking forward to working with Bill as we continue to
implement the prudent credit culture which has proved to be a strong
foundation for our organization. Bill has been very instrumental in
helping develop our credit culture and will be even more important to
its success in the future," noted Davis.
Parker has a bachelor's degree from Amherst College in Amherst,
Mass. and a master's from The Amos Tuck School of Business
Administration at Dartmouth College in Hanover, N.H. He and his wife
Anne have three children and reside in St. Paul, Minn.
U.S. Bancorp, with $223 billion in assets, is the parent company
of U.S. Bank, the 6th largest commercial bank in the United States.
The company operates 2,499 banking offices and 4,867 ATMs, and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web
CONTACT: U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judy Murphy (Analysts), 612-303-0783