MINNEAPOLIS--(BUSINESS WIRE)--March 25, 2008--U.S. Bancorp (NYSE:
USB) has named Kenneth D. Nelson to the position of executive vice
president and corporate treasurer, effective immediately. He has been
serving as interim treasurer since late December 2007.
"Ken's experience and knowledge make him the best choice for the
treasurer position," said Andrew Cecere, chief financial officer at
U.S. Bancorp. "This promotion is well deserved, and I look forward to
working with him in this important corporate leadership role."
Nelson, 55, was selected following a national search and
evaluation of both external and internal candidates. He has been with
U.S. Bancorp since 1984, most recently as senior vice president of the
money center and the funding and derivatives group within the treasury
Nelson earned his bachelor's degree in business administration and
economics from Mankato State University and his MBA from the
University of St. Thomas. He resides in Minneapolis.
U.S. Bancorp, with $238 billion in assets, is the parent company
of U.S. Bank, the 6th largest commercial bank in the United States.
The company operates 2,518 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
Teri Charest (Media), 612-303-0732
Steve Dale (Media), 612-303-0784
Judith Murphy (Analysts), 612-303-0783
SOURCE: U.S. Bancorp