PORTLAND, Ore.--(BUSINESS WIRE)--June 30, 2005--Malia Wasson has
been named market president for U.S. Bank in Portland and southwest
Wasson, 46, is a lifelong Oregonian and 24-year veteran of banking
who has been with U.S. Bank in Portland since 1989. She most recently
led commercial banking in Oregon and southwest Washington, where her
team of 80 bankers oversaw the total banking relationships of
businesses with annual sales of $5 million to $250 million.
In her new role, Wasson will continue to direct commercial banking
while also leading market wide initiatives and projects that impact
all lines of business at U.S. Bank and its parent company, U.S.
Bancorp. She will also lead the U.S. Bank local market board in
"Malia has demonstrated tremendous leadership and dedication to
U.S. Bank and its customers throughout her career, and we have great
confidence in her ability to inspire and motivate the Portland and
southwest Washington team as market president," said Joseph Otting,
vice chairman of commercial banking for U.S. Bancorp and former
Portland market president. Wasson will report directly to Otting.
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 has served as a member of the board of the Portland
Business Alliance, Volunteers of America (former chair), Oregon Sports
Authority and Oregon Independent College Foundation. She and her
husband, Steven, live in Lake Oswego, Ore. They have two daughters,
Kelsey and Michele, and one son, Samuel.
Wasson succeeds Mike Michael who recently accepted a position as
president and chief operating officer of the Ohio Casualty Insurance
Company in Fairfield, Ohio.
U.S. Bancorp (NYSE: USB), with $198 billion in assets, is the 6th
largest financial holding company in the United States. The company
operates 2,377 banking offices and 4,654 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