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U.S. Bank Promotes Stacey Dodson to Market President for Portland and SW Washington

PORTLAND, Ore.--(BUSINESS WIRE)--Apr. 17, 2015-- U.S. Bank has promoted Stacey Dodson to the position of market president of U.S. Bank in Portland and Southwest Washington. Dodson will lead the market in company-wide efforts and activities, and will direct commercial banking in the Portland metropolitan area.

Stacey Dodson is market president for U.S. Bank in Portland and Southwest Washington (Photo: Busines ...

Stacey Dodson is market president for U.S. Bank in Portland and Southwest Washington (Photo: Business Wire)

“We welcome Stacey to this new role and have every confidence in her ability to carry on the legacy of service and support customers have come to expect from U.S. Bank through the years,” said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp. “Our U.S. Bank heritage runs deep in Oregon and Southwest Washington. We are proud of that heritage and honored to carry the name that began in 1891 when the very first U.S. Bank opened its doors on First Street in Portland.”

Dodson, who has been with U.S. Bank for 31 years, grew up on the Oregon coast. She earned her bachelor’s degree from Willamette University and a commercial lending degree from Western Banking Schools.

Dodson succeeds Malia Wasson, who retired from U.S. Bank earlier this year. Dodson had been a division manager for U.S. Bank Commercial Banking in Portland prior to this promotion, and before that was the region manager for U.S. Bank in Central and Eastern Oregon, based in Bend.

“Stacey has demonstrated success as a leader both within the bank and in the community,” said Elliot Jaffee, executive vice president of commercial banking at U.S. Bank. “She has experience overseeing all facets of the bank, and will be a great asset to the community, clients and her colleagues in this new role.”

Dodson is a strong supporter of community involvement and is deepening her commitment in Portland. More than 15,000 U.S. Bank employees volunteered 32,000 hours in the community in 2014.

While in Central Oregon, Dodson was involved with KIDS Center as a member of the board and the Resource and Board Development Committee, a member of the board of directors of City Club of Central Oregon, a Central Oregon Ambassador for Oregon Public Broadcasting, and was appointed by the Deschutes County Commissioners to the Hospital Facility Authority Board of Deschutes County.

U.S. Bank is the largest bank in Oregon. U.S. Bank has 5,000 employees, 213 branches and $250 billion in deposits in Oregon and SW Washington.

U.S. Bancorp (NYSE: USB), with $410 billion in assets as of March 31, 2015, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company operates 3,172 banking offices in 25 states and 5,016 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

U.S. Bancorp
Teri Charest, 612-303-0732
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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