The Bank Slate


U.S. Bancorp hires Chase exec to oversee branches

U.S. Bancorp in Minneapolis has hired a former JPMorgan Chase executive to oversee its branch network.

The $601 billion-asset company said in a press release that Sekou Kaalund had filled the newly created role of head of branch banking. He is responsible for more than 2,200 branches, along with consumer and small business bankers in 26 states.

Kaalund most recently served as the consumer bank division director for the northeast at JPMorgan Chase.

“I am incredibly excited to welcome Sekou, a fantastic leader who is going to make huge contributions across the organization,” Tim Welsh, vice chair of consumer and business banking at U.S. Bank, said in the release.

“All of us at U.S. Bank and in our communities across the country will benefit from his passion for and commitment to purpose-driven and client-centric service as we strive to power human potential,” Welsh added.

U.S. Bancorp recently bought MUFG Union Bank in San Francisco.

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