RENO, Nev., Mar 16, 2005 (BUSINESS WIRE) -- U.S. Bank has created a market president position in
Reno, Nev. and has named long-time U.S. Bank commercial banker Jack
Prescott to the role.
Prescott, 44, has been in banking for 20 years, the last 10 of
which have been with U.S. Bank in commercial banking. He will continue
to lead commercial banking efforts for Reno in his new role, while
also identifying new opportunities for greater collaboration among
lines of business and partnership within the community. He will lead
the U.S. Bank regional board in Reno and serve as chairperson of the
bank's regional management team and grants committee.
"Our strength and success in Nevada is directly linked to our
success in Reno, which is why we felt strongly about creating this
market president position and naming someone as trusted and respected
as Jack Prescott to assume the role," said Ken Ladd, executive vice
president of commercial banking at U.S. Bank. "Jack's leadership over
the past 10 years and demonstrated commitment to the Reno community,
his team and our Reno customers make him a natural fit to serve as
market president and I couldn't be more pleased to name him to this
Prescott's commitment to the Reno community is most immediately
evident in the organizations for which he serves on the board,
including EDAWN and the Reno/Sparks Chamber of Commerce. In addition,
Prescott is an active member of the Prospectors Club and the YTBD
"This is a well-deserved promotion given Jack's dedication to this
market and proven leadership. Jack has been a key contributor to U.S.
Bank's success in northern Nevada and his dedication to our community
is evident in his active participation in various cultural, charitable
and service organizations," said Chuck Jeannes, senior vice president
of Glamis Gold and member of the U.S. Bank regional board in Reno.
Prescott, originally from Las Vegas, earned his bachelor's degree
in agriculture economics from the University of Nevada at Reno and has
been a member of the Reno community ever since. He and his wife, Jane,
have three daughters, Jaclyn, Chanelle and Kelli.
U.S. Bancorp (NYSE:USB), with assets of $195 billion, is the 6th
largest financial holding company in the United States. The company
operates 2,370 banking offices and 4,620 ATMs, 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 which assures customers of certain key banking benefits and
services or customers will be paid for their inconvenience. U.S.
Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the
web at usbank.com.
SOURCE: U.S. Bank
U.S. Bank Media Relations