CHARLOTTE, N.C., Jun 08, 2009 (BUSINESS WIRE) -- U.S. Bank is increasing its presence in the Southeast by establishing a
new Charlotte office which will become home to two key businesses,
including its national corporate banking group for the Southeast region
and its newly established high grade fixed income team. U.S. Bank
expects to hire approximately 30 employees to staff this office by the
end of 2009.
Dee O'Dell will lead U.S. Bank's Southeast national corporate banking
team, focusing on building deeper relationships with large corporate
clients that have more than $250 million in sales across a 14-state
territory of the Southeast. O'Dell spent 18 years with Wachovia in
various roles within its corporate and investment bank, including
managing groups in Atlanta and Chicago. For the past seven years he
served as a managing director in Wachovia's consumer and retail
investment banking division. O'Dell is a graduate of Hampden-Sydney
College, has an MBA from the Kenan-Flagler Business School at UNC-
Chapel Hill, and is a CFA Charterholder.
Jim Kelligrew will lead U.S. Bank's newly created high grade fixed
income group which will be headquartered in Charlotte, and he will also
be responsible for managing employees in several major cities across the
country. Kelligrew has more than 20 years experience in the fixed income
securities markets, having worked for Lehman Brothers, Bank of America
and Wachovia. During his times at both Bank of America Securities and
Wachovia Securities, Jim built profitable, client-focused high grade
debt businesses where he had responsibility for a number of investment
grade products. He received a bachelor's degree in economics and
sociology from the University of Michigan and currently serves on the
board of Dore Academy in Charlotte.
"We are committed to growing our talent base in Charlotte, and we see
this as a great place to locate these important new teams. Our increased
focus on client coverage in the Southeast will help U.S. Bank better
serve our clients across this dynamic part of the country," said Dick
Payne, vice chairman of corporate banking at U.S. Bank. "The high grade
fixed income business is a natural extension of the many customer
relationships we have with large, well-capitalized investment grade
borrowers across the country, and we look forward to building deeper
relationships with these customers through this new business."
U.S. Bank is currently in the process of identifying permanent office
space for its new office in Charlotte, and expects to be completed with
that process by the end of the summer.
Kelligrew and O'Dell join U.S. Bank's 100 corporate and institutional
trust employees already located in Charlotte.
U.S. Bancorp (NYSE:USB), with $264 billion in assets, is the parent
company of U.S. Bank, the 6th largest commercial bank in the United
States. The company operates 2,847 banking offices and 5,183 ATMs in 24
states, 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 at usbank.com.
SOURCE: U.S. Bank
U.S. Bank Media Relations
Jennifer Wendt, 612-303-0731