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Jan Hendrickson Appointed Regional Managing Director for Ascent Private Capital Management of U.S. Bank in Seattle

SEATTLE--(BUSINESS WIRE)--Feb. 3, 2015-- U.S. Bank Wealth Management, ranked among the top 25 U.S. wealth managers,* announced today that Jan Hendrickson has been appointed regional managing director for Ascent Private Capital Management of U.S. Bank in Seattle. She reports to Michael A. Cole, president of Ascent Private Capital Management.

"Jan’s dedication to providing exceptional service to individual and corporate clients throughout her career, her impressive breadth of experience in leading both financial and consumer-oriented organizations, particularly in the areas of private equity and venture capital, and her commitment to our community make her the ideal person to lead Ascent’s Seattle team," Cole said.

In her new role, Hendrickson will be responsible for growing Ascent’s Seattle office and will provide strategic leadership for the office’s nine professionals, who provide investment management, private banking, wealth impact planning, and family office advisory services to clients of significant wealth in the northwest region.

“Ascent’s commitment to leading-edge client offerings and to continuous innovation in the wealth impact arena makes them an extremely attractive partner for our northwest families and individuals who wish to think strategically and generationally about the impact of their wealth. This is a tremendous opportunity. What could be better than getting to help great families realize their dreams?” Hendrickson said.

Named a “Woman of Influence” by the Puget Sound Business Journal, Hendrickson has helped companies and organizations deliver exceptional performance for more than 25 years. She most recently was the managing partner and a founder of Denny Hill Capital, an early-stage venture capital firm based in Seattle. She brings extensive corporate board experience, including multiple chairmanships. Her current and prior directorships include chairman, founding board member and investor of global beauty brand, butter LONDON, director of The Commerce Bank of Washington, and chairman of Tully’s Coffee. Previously, Hendrickson served as vice president of one of Seattle’s most established middle market investment banks, where she represented companies in technology, manufacturing and consumer products, and was responsible for managing mergers, acquisitions and recapitalizations. Earlier in her career, she was the first CFO of Sound Transit, a $5 billion start-up responsible for financing, constructing and operating Puget Sound’s mass transit system. She also previously served as the CFO for the Port of Seattle’s Seaport.

A native of Seattle, Hendrickson earned a master of public administration from the Daniel J. Evans School of Public Affairs at the University of Washington, and a bachelor of arts in anthropology, also from the University of Washington. She currently serves as chairman of the Community Development Round Table, and is a current board member for The Virginia Mason Foundation, as well as Forterra. She is a past chairman and director emeritus of the Woodland Park Zoo, past president and current trustee of the Frye Art Museum, and a graduate of Leadership Tomorrow. Hendrickson previously served as chairman of Wellspring Family Services.

About Ascent Private Capital Management
Ascent Private Capital Management helps individuals and families with $50 million or more in net worth make an impact with their wealth by providing highly personalized tactical wealth management (wealth planning, investment management, trust and estate, private banking and family office advisory) and strategic wealth management (family education and communication, preparation of heirs, family governance and philanthropy). For more information, visit ascent.usbank.com.

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $403 billion in assets as of Dec. 31, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The company operates 3,176 banking offices in 25 states and 5,022 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

* Barron’s "Top 40 Wealth Managers,” Sept. 25, 2014, ranked by client assets in accounts of $5 million or more as of June 30, 2014

Deposit products offered by U.S. Bank National Association. Member FDIC. Credit products offered by U.S. Bank and subject to normal credit approval.

Investment products and services are:

             
Not a Deposit     Not FDIC Insured     Not Guaranteed by the Bank
May Lose Value     Not Insured by Any Federal Government Agency
   

U.S. Bank and its representatives do not provide tax or legal advice. Each individual’s tax and financial situation is unique. Individuals should consult their tax and/or legal advisor for advice and information concerning their particular situation.

U.S. Bank is not affiliated with the companies or organizations mentioned above.

Source: U.S. Bancorp

U.S. Bank Wealth Management
Michael Walsh, 612-303-9122
Senior Manager of Public Relations

"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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