MINNEAPOLIS--(BUSINESS WIRE)--Oct. 2, 2006--U.S. Banker magazine
has ranked U.S. Bancorp number one in the nation for its team of women
in executive positions at the company. The "Top Banking Team" award
was announced in the October 2006 issue of the magazine, which also
featured two U.S. Bancorp women among the "25 Most Powerful Women in
Banking."
Three bank teams were selected based on the combined overall
performance of senior women who head business units and functional
areas across the enterprise. U.S. Bank nominated a team of women in
commercial banking, commercial real estate, consumer banking,
corporate banking, payments and wealth management as well as business
support units including credit, finance, human resources, legal, risk,
technology and operations.
Pam Joseph, vice chairman for payments at U.S. Bancorp, and Diane
Thormodsgard, president of U.S. Bank Corporate Trust Services,
Institutional Trust and Custody, were named among the most powerful
women in banking. Joseph, who was featured on the cover, ranked ninth
and Thormodsgard ranked 12th.
"U.S. Bancorp has talented bankers across the company, who believe
in this organization and give tirelessly to make it successful," said
Richard Davis, president and chief operating officer of U.S. Bancorp.
"We are thrilled for Pam and Diane, and join U.S. Banker magazine in
celebrating the achievements of women in the financial services
industry."
Holly Sraeel, editor-in-chief of U.S. Banker magazine, wrote in
her congratulatory letter to U.S. Bancorp, "The intent of the ranking
is to give readers a new dimension through which they can view the top
performances of women across a bank enterprise." Regarding U.S.
Bancorp's top team honor Sraeel noted, "...the individual performances
of women executives leading growth-oriented businesses and the bank's
overall year-to-date performance were deciding factors in U.S.
Bancorp's placement."
U.S. Banker is a monthly magazine published by SourceMedia and is
not affiliated with U.S. Bancorp. It is the leading banking business
management magazine, written for those individuals who are charged
with generating greater profits and shareholder value for their
financial institutions. Originally titled United States Investor when
it was launched in 1891, U.S. Banker is the magazine that senior-level
industry executives have turned to for the latest industry coverage
for the past 112 years.
U.S. Bancorp (NYSE:USB), with assets of $213 billion, is the 6th
largest financial holding company in the United States. The company
operates 2,434 banking offices and 4,966 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 the parent company of U.S. Bank.
Visit U.S. Bancorp on the web at www.usbank.com.
CONTACT: U.S. Bancorp
Steve Dale, 612-303-0784
SOURCE: U.S. Bancorp
