U.S. Bancorp Names Dolan as Finance Chief, Replacing Rogers

  • Dolan currently heads wealth management, security services
  • Rogers stepping down ‘due to changing family circumstances’

U.S. Bancorp, the nation’s biggest regional bank, named Terry Dolan as chief financial officer, replacing Kathy Rogers.

Dolan, 54, who’s vice chairman of wealth management and security services, will take over Aug. 1 and report to Chief Executive Officer Richard Davis, the Minneapolis-based lender said Monday in a statement. Rogers, 50, is stepping down “due to changing family circumstances,” and will remain with the company in her previous role as head of the stress-test process and be based in Cincinnati, the bank said.

Dolan and Rogers

Source: U.S. Bancorp

“Terry will seamlessly transition into the CFO role, given his extensive financial background and the diverse experiences he has had with the bank,” Davis, 58, said in the statement.

Dolan has been with the bank for almost 18 years, serving in his current role since 2010. He earlier was controller at U.S. Bank. A search for his replacement is under way, according to the statement.

Rogers, who was named CFO last year, will continue in that role through the transition and participate in the second-quarter earnings call on July 15, the company said. The bank cited her need to be in Cincinnati full-time as a reason for her stepping down.

Before it's here, it's on the Bloomberg Terminal.