MINNEAPOLIS--(BUSINESS WIRE)--May 4, 2015--
U.S. Bank has hired industry veteran Rex Rudy to head its commercial
real estate division, succeeding Joe Hoesley, who retired in March. Rudy
brings more than 20 years of experience in the industry, most recently
as managing director and group head of real estate investment trust
(REIT) finance at Wells Fargo.
Rex Rudy (Photo: Business Wire)
“Rex is an experienced commercial real estate banker with strong
leadership skills and a proven record of driving growth. We’re pleased
for him to join U.S. Bank,” said Richard Payne, vice chairman and head
of U.S. Bank’s wholesale banking division. “We also congratulate Joe on
his retirement and thank him for his 22-year career at U.S. Bank during
which time he built our CRE division into a strong, national franchise.”
As division head, Rudy will oversee 350 employees in the bank’s 24
commercial real estate offices across the country. The division focuses
on establishing long-term relationships with commercial real estate
developers, REITs, and commercial property owners located across the
“I am honored to join the U.S. Bank team with its world-class franchise
and industry-leading reputation and performance. U.S. Bank has a long
history in commercial real estate supported by a disciplined approach
and focus on supporting our clients,” Rudy said.
Rudy will be based in Charlotte, a market in which U.S. Bank has grown
tremendously in recent years. The bank now employs 350 people in the
market, nearly double what it did in 2008. The expansion is largely the
result of growth in the bank’s wholesale banking, corporate trust and
Rudy earned bachelor’s and master’s degrees in business administration
from Ohio State University. He and his wife, Lisa, have three children:
Connor, Cameron and Kristin.
About U.S. Bank
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 5th
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 usbank.com.
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Source: U.S. Bancorp
U.S. Bank Corporate Communications
Pat Swanson, 651-587-3590