SAN FRANCISCO--(BUSINESS WIRE)--July 5, 2005--Michael Walker has
been named market president of U.S. Bank in northern California,
responsible for operations in the San Francisco Bay Area and
leadership of the northern California commercial banking teams.
As market president, Walker will lead market-wide initiatives and
projects that impact all lines of business at U.S. Bank and its parent
company, U.S. Bancorp, in addition to his commercial banking
responsibilities. He will also lead the U.S. Bank local market board
in the Bay Area.
"We are delighted to bring someone of Michael's caliber to lead
our expanding efforts in northern California, particularly in the San
Francisco Bay Area," said Greg Seibly, president of U.S. Bank in
California. "California is a great source of future growth for our
company and I am thrilled with the prospects that his energy,
leadership and insights will bring to the table."
Walker is a veteran of the financial services industry, with more
than 25 years of experience in commercial, corporate and investment
banking. His background includes a 23 year career with JP Morgan Chase
and its predecessor institutions, Chase Manhattan, Chemical
Securities, Inc., and Manufacturers Hanover Trust, where he was
responsible for corporate finance origination activities in the firm's
San Francisco office. Walker relocated to San Francisco in 1995 from
the East Coast to establish the bank's local presence and subsequently
helped build a significant presence in California and the Pacific
Northwest. Walker most recently served as managing director of GFP
Advisors in San Francisco, a boutique middle market advisory firm,
where he was responsible for business development and transaction
execution with a focus on corporate finance and capital raising.
A graduate of Georgetown University's School of Foreign Service,
Walker resides in Piedmont, Calif. with his wife and three children.
He is currently a member of the advisory board for The Navigator
Group, LLC, a San Francisco-based mezzanine and private equity firm,
and serves on the board of MediaOne Services, a media and
communications company in San Francisco.
Walker is based at the U.S. Bank's new Northern California
headquarters located at One California Street in San Francisco.
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. Bancorp