NEWPORT BEACH & ONTARIO, Calif., Jan 11, 2006 (BUSINESS WIRE) -- William Cave has been named market president for U.S.
Bank in Orange County and the Inland Empire region of California. He
has been serving as the interim market president since October.
"Bill's experience and leadership have been instrumental in our
growth in the region and he is well poised to take our Orange County
and Inland Empire teams to even greater success in 2006. I am proud of
our team and thank Bill for taking on this new position," said Greg
Seibly, president of U.S. Bank in California.
In his new role as market president, Cave will lead a team of
commercial bankers who work with businesses in the Orange County and
Inland Empire region, and he will facilitate collaboration across all
U.S. Bank lines of business as head of the region's leadership team.
He will chair the Orange County and Inland Empire board of directors
and will continue to build on the internal and external partnerships
that have been established throughout the region over the past two
A native of southern California, Cave earned his bachelor's degree
in economics from UCLA and has served the banking industry for more
than 25 years. He joined U.S. Bank in May 2002 as the regional manager
of the Inland Empire commercial banking office. Cave worked for
Security Pacific Bank/Bank of America from 1981 to 1999. He was the
regional manager for Sanwa Bank's San Gabriel Valley and South Bay
Commercial Offices prior to joining U.S. Bank.
Cave is currently on the board of directors for the Inland Empire
United Way. He and his wife, Christy, live in Glendora with their two
children. Cave has offices in Ontario as well as Newport Beach.
U.S. Bank is a subsidiary of U.S. Bancorp (NYSE:USB). U.S. Bancorp
has 33 U.S. Bank branches, five business offices and 342 employees in
the Orange County and Inland Empire region (including Riverside and
San Bernardino counties). U.S. Bancorp has grown substantially in
California, particularly southern California, in the past five years.
In 2000, U.S. Bancorp had 166 U.S. Bank branches and 2,437 employees,
primarily in northern California, whereas today the company has 331
offices and 3,469 employees throughout the state.
With $207 billion in assets, U.S. Bancorp is the 6th largest
financial holding company in the United States. The company operates
2,411 banking offices and 4,999 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. Visit U.S. Bancorp on the web at
SOURCE: U.S. Bank
Teri Charest, 612-303-0732