MINNEAPOLIS & ST. LOUIS, Aug 04, 2005 (BUSINESS WIRE) -- Richard K. Davis, president and chief operating officer
of U.S. Bancorp, announced today that Joseph E. Hasten, vice chairman
of U.S. Bancorp, is retiring effective Aug. 31, 2005. Hasten will
remain on the U.S. Bank St. Louis Board.
"Joe has been an extremely valuable member of our management team
and I am grateful for his many contributions to our company and its
very important interests in the St. Louis community. I am delighted to
also announce that Joe Hasten will continue as a director of the U.S.
Bank St. Louis Board," said Davis.
In his board capacity, Hasten will assist Joseph F. Imbs, III, in
his current role as U.S. Bank Midwest Regional Chairman and St. Louis
Market President. "I have had the privilege of working with Joe Imbs
for over ten years and I know him to be deeply committed to U.S.
Bank's interests in the St. Louis community, which he knows so well. I
am looking forward to working with him and the other directors of U.S.
Bank St. Louis in the future," said Hasten.
"As chairman of the U.S. Bank St. Louis Board of Directors, Joe
Imbs will continue to manage our St. Louis business and be our senior
representative in this very critical market for U.S. Bank," said
Davis also announced that Dennis Battles, executive vice president
of corporate banking, would act as interim head of U.S. Bank Corporate
Banking system wide. Battles is based in St. Louis.
U.S. Bank is the largest bank in the St. Louis area as ranked by
deposits. The company traces its St. Louis legacy back to Mercantile
Trust, which was founded in 1853. U.S. Bank has more than 4,000
employees and 190 branch offices in Missouri.
U.S. Bancorp (NYSE:USB), with $204 billion in assets, 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
SOURCE: U.S. Bancorp
Teri Charest, 612-303-0732
Judith Murphy, 612-303-0783