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U.S. Bank Hires John Hyatt to Lead Indirect Consumer Lending

MINNEAPOLIS--(BUSINESS WIRE)--Apr. 21, 2015-- U.S. Bank has named John Hyatt to lead the U.S. Bank Indirect Lending Group, which provides loans and leases to consumers through automobile, marine and recreational vehicle (RV) dealers.

John Hyatt leads the U.S. Bank Indirect Lending Group, which provides loans and leases to consumers  ...

John Hyatt leads the U.S. Bank Indirect Lending Group, which provides loans and leases to consumers through automobile, marine and recreational vehicle (RV) dealers. (Photo: Business Wire)

“We are pleased to have John join our team,” said Kent Stone, vice chairman and head of consumer banking sales and support at U.S. Bank. “His experience makes him well positioned to build upon our strong indirect lending business and grow it as the economy rebounds and consumers get back into the market for new cars, boats and RVs.”

Hyatt brings more than 36 years of financial experience to his new role. Most recently, he was the president of dealer financial services at Bank of America, a position he had held since 2010. Prior to that, he held a variety of leadership roles in retail banking and direct lending at Bank of America.

“U.S. Bank has a strong legacy in the dealer business,” Hyatt said. “I am excited about joining the team and continuing that long tradition of excellence, leveraging U.S. Bank’s strengths to further enhance the services it provides customers through its dealer clients.”

Hyatt is based in Cincinnati.

About U.S. Bancorp
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. Bank Corporate Communications
Teri Charest, 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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