PORTLAND, Ore., Dec 28, 2005 (BUSINESS WIRE) -- U.S. Bancorp Equipment Finance, Inc. has named Chuck
Lietz senior vice president and director of finance, and Richard Brown
senior vice president and chief credit officer. Lietz and Brown will
operate from Portland, and report to Sal Maglietta, president and
chief executive officer of U.S. Bancorp Equipment Finance, Inc.
In his new role, Lietz will have responsibility for finance and
accounting, including audit and compliance. "Chuck brings strong
leadership abilities and expertise in cash flow management, including
GAAP and tax compliance issues. He is a welcome addition to our senior
management team," said Maglietta.
Lietz was most recently business office director of Precision
Interconnect, a manufacturing division of Tyco International. Prior to
that, he was with Tidland Corporation for more than eight years in
increasingly responsible financial and managerial accounting
functions. He earned his master's degree from Washington State
University and his bachelor's degree from the University of Portland.
Brown will oversee the company's credit policies and have
responsibility for the management of the company's assets and
portfolio. "We are pleased to have attracted someone of Rick's caliber
to join our senior management team. He has a strong record managing
credit risk and a broad portfolio background in large-corporate
lending, including leasing," said Maglietta.
Brown has more than 30 years of experience in the financial
services industry concentrating on portfolio management and credit
underwriting and process. Most recently he was with Bank of Bermuda, a
subsidiary of HSBC as senior vice president/chief credit officer.
Prior to that Brown was chief credit officer for UPS Capital
Corporation. His experience also includes key positions with Copelco
Financial Services Group, First Union National Bank, Fleet Financial
Group and First Bank System (now part of U.S. Bank). He earned his
bachelor's degree from the University of California at Los Angeles.
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
sector nationwide. Visit U.S. Bancorp Equipment Finance, Inc. on the
web at www.usbank.com/leasing.
U.S. Bancorp Equipment Finance, Inc. is part of U.S. Bancorp
(NYSE:USB). With $207 billion in assets, U.S. Bancorp is the 6th
largest financial holding company in the United States. The company
operates 2,411 bank offices and 4,999 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 www.usbank.com.
SOURCE: U.S. Bancorp
U.S. Bancorp Media Relations
Teri Charest, 612-303-0732