ST. LOUIS--(BUSINESS WIRE)--Jul. 13, 2015--
U.S. Bank has hired longtime St. Louis banker Larry Otto as its market
president, succeeding Joseph Imbs III who recently retired. Otto will
lead the market in company-wide efforts and activities, and will direct
commercial banking in the St. Louis metropolitan area.
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Larry Otto (Photo: Business Wire)
A St. Louis native, Otto has more than three decades of banking
experience in the region. He joins U.S. Bank from Bank of America, where
he most recently served as president for St. Louis and Missouri and
gained extensive commercial banking and wealth management experience in
many leadership roles.
“U.S. Bank has a long history in St. Louis. We are the largest bank in
the market and it’s important that our leaders are engaged in the
community,” said Richard Davis, chairman, president and chief executive
officer of U.S. Bancorp. “Larry is regarded highly in the banking
industry and throughout his career he has demonstrated a commitment to
giving back to the community. We’re pleased to welcome him to U.S. Bank.”
Active in the community, Otto’s work with local organizations includes
serving as a member of Civic Progress, board chair for Variety the
Children’s Charity, board member for St. Louis Children's Hospital
Foundation and board member for the St. Louis Public Library Foundation.
Just last month, he was recognized as “Community Champion” by Father’s
Support Center, St. Louis.
“I chose to be a banker three decades ago because I viewed the
profession as a way to help people, businesses and communities achieve
their goals. I look forward to this new opportunity to do so with U.S.
Bank,” Otto said.
Otto grew up in Clayton, Mo., and attended St. Louis Country Day School,
later earning a bachelor’s degree from Duke University. He now resides
again in Clayton with his wife, Jill, and they have two daughters.
U.S. Bank’s local history dates back to 1855 when State Savings
Institution opened in St. Louis and later became part of U.S. Bank by
way of Mercantile. Today, U.S. Bank is the largest bank in the market,
with 116 branches and more than 4,000 people locally.
Imbs, also a St. Louis native, spent his nearly four-decade career with
U.S. Bank prior to his retirement last month. Imbs now serves as a
member of U.S. Bank’s local advisory board.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150713005335/en/
Source: U.S. Bank
U.S. Bank Corporate Communications
Pat Swanson, 651-587-3590