PORTLAND, Ore.--(BUSINESS WIRE)--Aug. 2, 2005--U.S. Bancorp
Equipment Finance, Inc. has named R. Blair McBeth, Jr. executive vice
president and general manager of its Capital Equipment Group. McBeth
replaces Greg Mamula, who will be retiring after 14 years with U.S.
Bancorp. McBeth will be based in Portland and report to Sal Maglietta,
president and chief executive officer of U.S. Bancorp Equipment
In his new role, McBeth will manage and lead the largest of four
lines of business that comprise U.S. Bancorp Equipment Finance, which
provides flexible and competitive equipment financing for
middle-market and investment-grade companies across the United States.
"We welcome Blair's breadth of industry knowledge and seasoned
management skills, and are pleased to have attracted someone with his
notable background," said Maglietta. "At the same time I'm saddened to
be losing Greg's leadership, expertise and insight. He's been a valued
member of our senior management team."
McBeth has worked in the equipment leasing and finance industry
for more than 26 years, most recently with ORIX Financial Services in
Atlanta, where he was senior vice president and sales manager of the
structured finance division. Prior to that post, he worked for ICX
Corporation based in Cleveland, and as national sales manager for
Citicapital Bankers Leasing in Harrison, N.Y. His experience also
includes senior sales management positions with GE Capital-Phoenixcor
in Norwalk, Conn. and the CIT Group, Capital Equipment Financing, Inc.
in New York.
A graduate of Dickinson College in Carlisle, Pa., McBeth earned
his bachelor's degree in political science and went on to earn a
master's degree from the American Graduate School of International
Management in Phoenix.
U.S. Bancorp Equipment Finance, Inc., one of the largest
bank-affiliated equipment finance companies in the nation, has been
providing quality equipment finance solutions for more than 30 years.
It is a major funding source for companies in virtually every industry
U.S. Bancorp Equipment Finance, Inc. is part of U.S. Bancorp
(NYSE:USB). With $204 billion in assets, U.S. Bancorp is the 6th
largest financial holding company in the United States. The company
operates 2,383 banking offices and 4,877 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. Bancorp Media Relations
Teri Charest, 612-303-0732
SOURCE: U.S. Bancorp