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U.S. Bank Names Rick Aneshansel President of U.S. Bank Home Mortgage, Announces Retirement of Dan Arrigoni

MINNEAPOLIS--(BUSINESS WIRE)--Apr. 8, 2013-- U.S. Bank has named Rick Aneshansel president of U.S. Bank Home Mortgage, succeeding Dan Arrigoni who will retire June 30 after 42 years in the mortgage business.

U.S. Bank has named Rick Aneshansel president of U.S. Bank Home Mortgage, succeeding Dan Arrigoni wh ...

U.S. Bank has named Rick Aneshansel president of U.S. Bank Home Mortgage, succeeding Dan Arrigoni who will retire June 30. (Photo: U.S. Bank)

Aneshansel has worked in the mortgage industry for 31 years. He was previously chief financial officer for U.S. Bank Home Mortgage, where he has been since 1995. Prior to joining U.S. Bank, Aneshansel worked for Metmor Financial, in Overland, Kan., and prior to that, Sunbelt National Mortgage Corporation in Dallas. Aneshansel serves on the Financial Services Roundtable Housing Policy Executive Council and the Fannie Mae Single-Family National Customer Advisory Board.

Arrigoni has led the mortgage company for U.S. Bank and its predecessor companies since January 1996, following a merger with Investors Bank. Prior to his U.S. Bank career, Arrigoni was president of the north central region of Margaretten, now Chase Mortgage, which had purchased the company he founded, North American Mortgage, in 1984.

“Dan Arrigoni is highly regarded in the mortgage industry, and U.S. Bank has grown a stellar reputation among mortgage lenders thanks in large part to Dan’s leadership and the team he has built at U.S. Bank Home Mortgage,” said Kent Stone, vice chairman of consumer banking sales and support at U.S. Bank. “Rick has been a key member of that team. His experience and deep understanding of the mortgage industry will pave the way for continued success as the mortgage business continues to grow.”

U.S. Bank Home Mortgage is one of the largest originator and servicer of home loans in the United States. The company funds in excess of $85 billion annually and services more than $260 billion of mortgages. U.S. Bank Home Mortgage has more than 5,000 employees who work out of 40 production offices in 26 states with the ability to offer loans in all 50 states through its Consumer Direct division in Owensboro, Ky.

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 usbank.com.

Source: U.S. Bancorp

Teri Charest, U.S. Bank Public Relations
(612) 303-0732, teri.charest@usbank.com

"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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