People: U.S. Bancorp (USB.N)
26 Aug 2016
Mr. Terrance R. Dolan has been appointed as Vice Chairman, Chief Financial Officer of the Company, effective August 1, 2016. Dolan has been with U.S. Bank for nearly 18 years and has been in his current role as vice chairman, Wealth Management & Securities Services since July 2010. Prior to his current role, he served as executive vice president and controller at U.S. Bank. In addition, he has led a variety of important functions, including accounting and related operations, finance, tax, corporate insurance, corporate development and business integration, where he was responsible for a variety of merger and acquisition activities. Under his leadership, Wealth Management & Securities Services' revenues have grown approximately 30 percent and net income has grown approximately 18 percent, including expansion into U.S. Bank's European markets. The process to identify Dolan's replacement for Wealth Management & Securities Services is underway.
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