Press release

U.S. Bank Announces Hiring of Derek White as Chief Digital Officer

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U.S. Bank announced today that the company has hired veteran digital
leader and innovator, Derek White, as chief digital officer responsible
for leading the company’s newly combined digital team. White will report
to U.S. Bank chairman, president and CEO Andy Cecere and be a member of
the company’s Managing Committee.

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U.S. Bank has hired veteran digital leader and innovator, Derek White, as chief digital officer resp ...

U.S. Bank has hired veteran digital leader and innovator, Derek White, as chief digital officer responsible for leading the company’s newly combined digital team. (Photo: Business Wire)

White will be responsible for the company’s enterprise-wide digital
strategy, including innovation, digital products, development,
omnichannel and Agile initiatives. His integrated team will drive the
company’s digital strategy and functionality, integrating innovation
enterprise-wide and bringing leading digital capabilities into all of
U.S. Bank’s lines of business as well as current and future
partnerships. The team’s efforts are focused on ensuring the company’s
customers can work with U.S. Bank when, where and how they want.

“U.S. Bank is investing in the technology and talent to develop even
more industry-leading digital offerings so that our customers can bank
with us where, when and how they want,” said Cecere. “Derek is an
outstanding leader with a proven global track record as a digital
innovator in the banking industry. He and his team will be instrumental
in deepening our commitment to provide our retail and institutional
customers with the capabilities that make it easier and better to bank
with U.S. Bank.”

The company has made significant, ongoing investments in digital to
respond to the needs of consumers and the evolving marketplace. Recent
examples of the company’s digital progress include the digitization of
several lending processes, the launch of Simple Loan, and the recent
launch of an entirely new mobile banking app.

“It’s an honor to have the opportunity to join U.S. Bank, a company I
have admired and watched closely throughout my career,” said White.
“U.S. Bank has a solid reputation as an innovator in banking, is
respected for its strong culture and admired for its people. I am
looking forward to leading this dynamic, talented team as we help create
the company’s future. It’s going to be an exciting time for everyone who
banks with, partners with or works for U.S. Bank and it’s a privilege to
be part of it.”

White was most recently global head of client solutions with BBVA in
Spain. In that role he led a team of nearly 10,000 people focused on
concepting, designing, creating and launching digital and innovation
work – from products and services to data science units and venture
creation – that spanned across BBVA, all in service to the company’s
customers, clients and employees. Prior to that, he spent 12 years with
Barclays in several leadership roles including chief design & digital
officer. He and his family will be relocating to the United States when
he begins with the company this spring.

About U.S. Bank
U.S. Bancorp (NYSE: USB), with 74,000
employees and $467 billion in assets as of December 31, 2018, is the
parent company of U.S. Bank, the fifth-largest commercial bank in the
United States. The Minneapolis-based bank blends its relationship teams,
branches and ATM network with mobile and online tools that allow
customers to bank how, when and where they prefer. U.S. Bank is
committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment services
customers across the country and around the world as a trusted financial
partner, a commitment recognized by the Ethisphere Institute naming the
bank a 2019 World’s Most Ethical Company. Visit U.S. Bank at www.usbank.com
or follow on social media to stay up to date with company news.