The Bank Slate


U.S. Bancorp shifting duties amid high-profile retirements

U.S. Bancorp in Minneapolis is shifting some executive responsibilities.

The $675 billion-asset company said in a press release that Kate Quinn, its vice chair and chief administrative officer, and Jim Kelligrew, vice chair of corporate and commercial banking, will retire on June 30.

Quinn, 58, has been with the company for 10 years, while Kelligrew, 57, has been there for 14 years.

Terry Dolan, U.S. Bancorp’s chief financial officer, will succeed Quinn as vice chair and chief administration officer. John Stern, president of the global trust and custody business, was named head of finance and is expected to become CFO on Sept. 1. Stern will also join the managing committee.

U.S. Bancorp also said that Gunjan Kedia will take on an expanded leadership role, adding corporate and commercial banking to current duties that include wealth management and investment services. Kedia is a company vice chair.

Finally, the company said that Reba Dominski, chief corporate social responsibility officer, and Stephen Philipson, head of commercial product groups, will join its managing committee.

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