SALT LAKE CITY--(BUSINESS WIRE)--May 11, 2017--
U.S. Bank has named veteran banker Mark Herman as its Salt Lake City
market president, effective June 4. Herman will lead the market in
company-wide efforts and activities, and will direct commercial banking
in the greater Salt Lake City area. Herman will succeed Damon Miller who
has recently announced his retirement.
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Mark Herman, U.S. Bank Salt Lake City Market President (Photo: Business Wire)
“Salt Lake City is an important market for U.S. Bank,” said Elliot
Jaffee, executive vice president and head of Commercial Banking. “Mark’s
wealth of experience in commercial banking and his client-focused
approach will enable us to grow our leadership in this market and
provide even greater support for clients and the community. We are glad
to welcome Mark back to Salt Lake City, and thank Damon for the
important role he’s played in building our strong position in the
Herman has more than 30 years of banking experience and since joining
U.S. Bank in 2015 has served as a Commercial Banking division manager in
Denver. Prior to joining U.S. Bank, he held senior roles in Commercial
Banking with BBVA Compass Bank and Fifth Third Bank. Earlier, Herman
resided and served in the Salt Lake City market as a commercial banking
manager. Herman is in the process of relocating to Salt Lake City.
Herman is a community advocate and was an active leader in the Denver
community, until recently serving on the executive board of the Metro
Denver Chamber of Commerce. “I look forward to getting involved in the
Salt Lake City Chamber of Commerce as well as in community organizations
such as Junior Achievement and the YMCA where U.S. Bank is already
actively engaged,” Herman said.
U.S. Bank employs more than 300 people in Salt Lake City and has over 35
branches in the market. In the last two years, U.S. Bank has provided $4
million in community development investments, foundation grants and
nonprofit corporate contributions in the greater Salt Lake City region.
In addition, U.S. Bank employees contributed more than 2,300
volunteer hours to help make a difference in the local community.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $450 billion in assets
as of March 31, 2017, is the parent company of U.S. Bank National
Association, the fifth largest commercial bank in the United States. The
Company operates 3,091 banking offices in 25 states and 4,838 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170511006315/en/
Source: U.S. Bancorp
Elizabeth Parra, 415-464-8521