U.S. Bank Appoints Michael Righi to Serve as Northern California President

  U.S. Bank Appoints Michael Righi to Serve as Northern California President

Business Wire

SAN FRANCISCO -- September 27, 2013

U.S. Bank has hired Michael Righi to lead its middle market commercial banking
teams in the Pacific Northwest and to serve as the company’s president for
Northern California. Righi will be based in San Francisco.

U.S. Bank has hired Michael Righi to lead its middle market commercial banking
teams in the Pacific ...

U.S. Bank has hired Michael Righi to lead its middle market commercial banking
teams in the Pacific Northwest and to serve as the company's president for
Northern California. Righi will be based in San Francisco. (Photo: Business
Wire)

In addition to serving as market president for Northern California, Righi will
oversee commercial banking throughout the Pacific Northwest region. U.S. Bank
Market Presidents Malia Wasson in Portland and Chris Heman in Seattle will
continue in their leadership roles, reporting to Righi.

Righi succeeds Michael Walker, who recently took a new role leading corporate
banking for U.S. Bank’s western region. Walker is a veteran of the financial
services industry, with more than 30 years of experience in commercial,
corporate and investment banking. Walker joined U.S. Bank in 2005 and ran
commercial banking in Northern California prior to taking a new leadership
position within U.S. Bank’s national corporate banking division.

“We are thrilled to welcome Michael Righi to U.S. Bank, and to congratulate
Michael Walker on his new role in national corporate banking,” said Elliot
Jaffee, executive vice president and head of commercial banking at U.S. Bank.
“Michael Walker has done a tremendous job in his role as president and the
company will continue to benefit from his experience and leadership as he
develops national business for our corporate banking team.

“Michael Righi’s experiences in banking and his knowledge of the Bay Area and
the Pacific Northwest make him an ideal person to ensure a smooth transition
as we continue to grow U.S. Bank’s presence in Northern California and the
Pacific Northwest,” said Jaffee.

“This is a great company with tremendous momentum given its reputation and
strength in the industry,” said Righi. “This is a historic time for banking,
and I’m excited to have this opportunity to join U.S. Bank’s leadership team
as businesses rebound and look to strong financial partners to help them
grow.”

Righi comes to U.S. Bank from Bank of America, where he led the global
commercial bank middle market banking teams throughout the Greater Bay Area
and was also a dual employee of their investment bank. He holds a FINRA
security licenses for the series 7, 24 and 63 designations, and will focus on
delivering capital market solutions to middle market clients throughout the
region.

A native of Seattle, Righi’s 25 years of experience includes leadership roles
with KeyCorp, several years with U.S. Bank’s legacy company People’s Bank in
Seattle, as well as early years as a national bank examiner. Righi is a
graduate of Seattle University and the Pacific Coast Banking School at the
University of Washington.

In the community, Righi is a board trustee for the Contemporary Jewish Museum
in San Francisco, serves as an advisory board trustee for Pacific Northwest
Ballet in Seattle.

About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $353 billion in assets as of June 30, 2013, is
the parent company of U.S. Bank, the 5th largest commercial bank in the United
States. Celebrating its 150th anniversary this year, the company operates
3,087 banking offices in 25 states and 5,032 ATMs and provides a comprehensive
line of banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com.

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Contact:

U.S. Bank Public Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com