Mary Martuscelli Named West Region President for the Private Client Reserve of U.S. Bank

  Mary Martuscelli Named West Region President for the Private Client Reserve
  of U.S. Bank

Business Wire

MINNEAPOLIS -- October 02, 2012

U.S. Bank, a leading provider of wealth management and private banking
services,* announced today that Mary Martuscelli has been appointed West
Region President for The Private Client Reserve of U.S. Bank. In this role,
she will be responsible for growing and managing all aspects of The Private
Client Reserve’s business in Washington, Oregon, California, Arizona, Nevada,
Utah and Colorado. Martuscelli reports to Michael Boardman, President of The
Private Client Reserve, and is based in U.S. Bank’s Phoenix office.

“Mary has the level of leadership, experience and passion that we need to lead
our team of wealth management professionals in the west region,” Boardman
said. “We are thrilled that she has chosen U.S. Bank, and I am confident that
she will make a meaningful contribution to our business, team and clients.”

Martuscelli brings more than 33 years of financial experience with J.P. Morgan
Chase (“JPM”), where she worked in many leadership roles. She has served as
Arizona President for JPM since 2007 and most recently served as Managing
Director of Private Banking for JPM’s Desert Mountain states. Prior to these
roles, Martuscelli served as the President and Chief Executive Officer of the
Specialized Industries Segment of JPM’s Commercial Bank, which focused on
government, not-for-profit, healthcare, Native American, and financial
institutions. Martuscelli has also worked in management roles in human
resources, strategic planning, and corporate, middle market and small business
banking with JPM.

A native of the Detroit area, Martuscelli earned a bachelor of science degree
from Michigan State University in East Lansing, Mich., and an M.B.A. from
Wayne State University. She is active in a variety of community activities in
the greater Phoenix area and serves on several boards, including the Arizona
Community Foundation, the Arizona Science Center, Fresh Start Women’s
Foundation, and Southwest Autism Research and Resource Center.

* Barron’s ranked U.S. Bank Wealth Management the 19^th-largest U.S. wealth
manager in its 2012 survey of "Top 40 Wealth Managers" published on Sept. 15,

About The Private Client Reserve of U.S. Bank
The Private Client Reserve of U.S. Bank is a provider of comprehensive wealth
management services for high-net-worth individuals, families and foundations
with investable assets of more than $1 million. Highly experienced wealth
management advisors lead client-focused teams that deliver forward-thinking,
customized strategies including investment management, private banking,
personal trust and estate administration, and financial planning designed for
each client’s unique goals and needs. The Private Client Reserve is a part of
U.S. Bank’s Wealth Management Group. For more information, visit

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $353 billion in assets as of
June 30, 2012, is the parent company of U.S. Bank National Association, the
fifth-largest commercial bank in the United States. The company operates 3,080
banking offices in 25 states and 5,085 ATMs and provides a comprehensive line
of banking, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. U.S. Bancorp and its employees are
dedicated to improving the communities they serve, for which the company
earned the 2011 Spirit of America Award, the highest honor bestowed on a
company by United Way. Visit U.S. Bancorp on the web at

Deposit products offered by U.S. Bank National Association. Member FDIC.
Credit products offered by U.S. Bank and subject to normal credit approval.

Investment products are:

Not a Deposit    Not FDIC Insured   Not Guaranteed by the Bank
May Lose Value   Not Insured by Any Federal Government Agency

U.S. Bank and its representatives do not provide tax or legal advice. Each
individual’s tax and financial situation is unique. Individuals should consult
their tax and/or legal advisor for advice and information concerning their
particular situation.

U.S. Bank is not affiliated with the companies or organizations mentioned
above. U.S. Bank is not responsible for and does not guarantee the products,
services or performance of third-party vendors.


Cheryl Stone
Vice President, Public Relations
U.S. Bank Wealth Management
(612) 303-5657
Amy Frantti, U.S. Bank Public Relations
(612) 303-0733
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