MINNEAPOLIS, Oct 07, 2009 (BUSINESS WIRE) -- U.S. Bank has named Anthony (Tony) Vuoto to the position of general
manager of U.S. Bank Retail Payment Solutions, which comprises consumer
and small business credit, debit, prepaid and specialty card businesses,
as well as its retail payments innovation unit. He succeeds Pat Coll,
who retired from U.S. Bank Retail Payment Solutions in September.
Vuoto, 58, brings more than 25 years of domestic and international
financial experience to the position. He comes to U.S. Bank from
Washington Mutual, now JP Morgan Chase, where he had been president of
its card services division. Vuoto had been with Washington Mutual since
its 2005 acquisition of Providian Financial, where he served as chief
financial officer. His experience also includes 12 years in leadership
positions with Citigroup, including president of its private label card
business and general manager of its German credit card business.
"Tony brings tremendous depth and experience to this position, which is
crucial at a time when our industry is experiencing a significant
transition," said Pamela Joseph, vice chairman and head of U.S. Bancorp
Payment Services. "U.S. Bank is uniquely positioned to grow its business
- not only because we have emerged as one of the strongest financial
institutions in the country, but also because our retail payments group
is one of the finest in the industry, with the bench strength to
continue to capitalize on market opportunities."
"This is a great opportunity to join a solid financial institution with
its firm commitment to maintaining an industry leading position in
retail payments. I look forward to working with Pam and the rest of the
organization to continue its impressive performance," said Vuoto.
Vuoto currently lives in Pleasanton, Calif. with his wife, Maria. He has
two sons currently attending college in Arizona. Vuoto earned a
bachelor's degree in economics from Princeton University and an MBA from
the University of Pennsylvania's Wharton School of Business.
U.S. Bancorp (NYSE: USB), with $266 billion in assets, is the parent
company of U.S. Bank, the 6th largest commercial bank in the United
States. The company operates 2,850 banking offices and 5,173 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 www.usbank.com.
SOURCE: U.S. Bank
U.S. Bank Media Relations
Steve Dale, 612-303-0784