PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 1, 2004--Mike Michael,
market president of U.S. Bank in Oregon, has promoted Portland-native
Malia Wasson to lead commercial banking in Oregon.
The move comes after Michael was promoted to lead all commercial
lending for U.S. Bank in the western half of its footprint, which he
will do from his base in Portland. He will also continue in his role
as Oregon market president.
Wasson, 45, is a 22-year veteran of banking who has been with U.S.
Bank in Portland since 1989. She will serve as an executive vice
president, in charge of commercial banking for Oregon and southwest
Washington. U.S. Bank Commercial Banking is focused on managing the
total banking relationships of businesses with annual sales of $5
million to $250 million. She will lead a group of approximately 80
employees in one of the largest markets for U.S. Bank. Prior to this
promotion, Wasson was a senior vice president and division manager in
"Malia is a proven leader with a passion for serving her clients
and her community. Her promotion to lead Oregon Commercial Banking
underscores the importance of this business to U.S. Bank and we are
delighted to have been able to find someone of her expertise and
background from within our team," Michael said.
Wasson is a graduate of St. Mary's Academy in Portland and earned
her bachelor's degree from Santa Clara University in Santa Clara,
Calif. She is a member of the board of Volunteers of America, the
Oregon Sports Authority and the Oregon Independent Colleges
She and her husband, Steven, live in Lake Oswego, Ore. They have
two daughters, Kelsey and Michele, and one son, Samuel.
U.S. Bancorp (NYSE: USB), with $190 billion in assets, is the 6th
largest financial services holding company in the United States. The
company operates 2,344 banking offices and 4,578 ATMs in 24 states,
and provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. U.S. Bancorp is home of the
Five Star Service Guarantee in which the company pays customers if
certain key banking benefits and services are not met. U.S. Bancorp is
the parent company of U.S. Bank. Visit U.S. Bancorp on the web at
CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732
SOURCE: U.S. Bank