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Tony Olbrich to Retire from U.S. Bank after 38-Year Banking Career; Joel Hickman Named Regional President

BOISE, Idaho--(BUSINESS WIRE)--Jan. 30, 2013-- U.S. Bank announced today that it has hired Joel Hickman to serve as the bank’s regional president for Western Idaho/Eastern Oregon, succeeding Tony Olbrich, who will retire June 28 after 38 years in the banking industry.

Hickman previously served as Idaho district president for Key Bank, a role he held since 2003. His first day at U.S. Bank will be Monday, Feb. 4. He will work alongside Olbrich, who will continue to serve as U.S. Bank’s leader in the market during the transition period.

Hickman will work out of U.S. Bank’s Boise office located at 101 S. Capitol Blvd. As regional president for Western Idaho/Eastern Oregon, he will oversee all banking activities, including Commercial Banking, Private Banking, the Trust & Investment Group, and U.S. Bank’s 36 branches throughout the region, including Boise, Nampa, Meridian, Caldwell, Mountain Home, McCall and Ontario, Ore.

“During his overall market leadership position at Key, Joel achieved numerous successes, which speak volumes about his drive, leadership skills and his engagement,” said Olbrich. “Joel is highly regarded in the region, and we have complete confidence that he will bring those existing qualities to his new leadership role and for the future success of U.S. Bank. Our customers will continue to receive outstanding customer service from the U.S. Bank team in the region, and people will continue to see U.S. Bank employees highly engaged in the community.”

When he retires this summer, Olbrich will mark exactly 38 years in banking and 27 years with U.S. Bank and its legacy institutions. His career began as a credit analyst, but he subsequently held many other positions over the course of his career including letter of credit clerk, foreign exchange trader, foreign correspondent banker, commercial loan officer and manager of commercial loan officers.

“Tony successfully led U.S. Bank in Western Idaho and Eastern Oregon during a challenging time in the banking industry,” said Jim Grigsby, community banking division leader at U.S. Bank. “Not long after assuming the job as regional president, he also took on the chairmanship of the Idaho Bankers Association, and committed an extensive amount of time and personal energy as a statewide spokesman for the industry. We will miss Tony and wish him a very happy retirement.”

Hickman is a graduate of Boise State University with a bachelor’s degree in business administration, with a marketing emphasis. He is also a graduate of the Pacific Coast Banking School, as well as the National Retail Sales Program. Hickman’s banking career spans nearly 28 years, and all but the first two years have been with Key Bank or its regional predecessor in Idaho. His early career functions were classic management training steps including loan officer and branch management roles. Prior to taking on the district president responsibilities at Key Bank in 2003, Hickman spent 10 years starting and building a private banking department.

About U.S. Bank
With roots dating back to 1867, U.S. Bank is the second-largest retail bank in the Treasure Valley with 37 branches, and employs more than 400 people. U.S. Bancorp (NYSE: USB), with $354 billion in assets as of December 31, 2012, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The Company operates 3,084 banking offices in 25 states and 5,065 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 at www.usbank.com.

Source: U.S. Bancorp

Nicole Garrison-Sprenger
U.S. Bank Corporate Public Relations
(612) 303-0731

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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