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U.S. Bank Names Phillip Trier Twin Cities Market President

MINNEAPOLIS--(BUSINESS WIRE)--May. 28, 2013-- U.S. Bank has named Phillip Trier market president for the Twin Cities, effective June 1. A 13-year veteran of the bank, Trier succeeds Elliot Jaffee, who was promoted to lead U.S. Bank Commercial Banking earlier this year and oversees all of the U.S. Bank’s metro markets.

A native of Minnesota, Trier joined U.S. Bank in 2000 as a portfolio manager. He is currently a senior vice president at the bank, leading the Twin Cities Commercial Banking division, which serves more than 500 private, public, non-profit and multi-national businesses across the region.

“The Twin Cities is U.S. Bank’s hometown and it’s critical that we have strong, visible leaders here,” said Richard Davis, chairman, president and CEO of U.S. Bank. “Phil is an enthusiastic and talented banker, one who is incredibly plugged in to our local community, and I look forward to him taking on this very important role.”

As market president, Trier duties will include overseeing the bank’s local advisory board, which is comprised of local business and civic leaders, as well as the Twin Cities Market Leadership Committee.

“Phil has been a key contributor to the bank’s success locally,” said Jaffee, who has served as Twin Cities market president since 2006. “His strong ties here and solid track record as a commercial banker make him well suited for the Twin Cities market president role.”

Trier is involved with numerous nonprofits and charitable organizations. He serves on the boards of directors of the Minneapolis Regional Chamber of Commerce and the Plymouth Civic League. He is also active with Special Olympics Minnesota, AchieveMinneapolis, Greater Twin Cities United Way, Junior Achievement and Twin Cities Habitat for Humanity.

Trier holds a Bachelor of Arts degree in Economics from St. John’s University in Collegeville, MN and is a graduate of the Pacific Coast Banking School at the University of Washington in Seattle, where he graduated with honors. Trier, his wife, Patty, and their three children reside in Plymouth.

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $355 billion in assets as of March 31, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. Celebrating its 150th anniversary this year, the company operates 3,080 banking offices in 25 states and 5,056 ATMs. The bank 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
Nicole Garrison-Sprenger, 612-303-0731
nicole.sprenger@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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