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U.S. Bank Names Randi Bellner as Market Leader of The Private Client Reserve in Cincinnati

CINCINNATI--(BUSINESS WIRE)--Oct. 22, 2015-- U.S. Bank has named Randi Bellner as market leader of The Private Client Reserve in the Cincinnati market. The company manages $126.1 billion of investments for clients, and its wealth management business is ranked among the top 20 firms* in the country. Bellner will lead The Private Client Reserve’s wealth management team in Cincinnati. The company's wealth management team, including The Private Client Reserve, manages $8.9 billion of assets within the Cincinnati market.

“The Cincinnati market is very important to our company,” said Terrance Dolan, vice chair of U.S. Bank’s Wealth Management and Securities Services division. “U.S. Bank has been fortunate to serve many families in the greater Cincinnati region for decades, as well as many of its newest residents. The market has been foundational to the culture and success of the organization over the years. We wanted to ensure that our Cincinnati leader embodies our culture.”

Bellner has more than 25 years of wealth management and financial services experience. Recently, he was the market leader for Key Private Bank’s Indiana region. Prior to his position with KeyCorp, Bellner served in leadership roles for PNC Financial Services.

“Randi represents all of the attributes that embody The Private Client Reserve: a promise to do the right thing for our clients, a laser focus on helping our clients achieve their unique goals, and a deep commitment to the community we serve,” said Mike Ott, president of The Private Client Reserve. “We are thrilled to welcome him to U.S. Bank and The Private Client Reserve.”

Bellner graduated from The Ohio State University with a bachelor’s degree in finance and financial management services. He is married with three children and enjoys running, coaching youth soccer and golf in his free time.

“The opportunity to lead such a talented and committed group of wealth management professionals is truly a highlight of my career,” Bellner said. “I’m excited about what the future holds for The Private Client Reserve in Cincinnati, and our commitment to being best-in-class in helping our clients achieve their unique goals.”

About The Private Client Reserve
The Private Client Reserve of U.S. Bank provides comprehensive wealth management services to individuals and families with $3 million or more in net worth. Highly experienced, client-focused teams deliver customized strategies including wealth planning, investment management, trust and estate services and private banking tailored for each client’s unique goals and needs. For more information, visit reserve.usbank.com.

About U.S. Bancorp
Minneapolis-based U.S. Bancorp (“USB”), with $416 billion in assets as of Sept. 30, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,151 banking offices in 25 states and 5,001 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 Management Firms,” Sept. 26, 2015, ranked by client assets in accounts of $5 million or more as of March 31, 2015.

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

Investment products 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. Bancorp
Michael Walsh, 612-303-9122
vice president of public relations
michael.walsh@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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