Daily News: December 13, 2013

U.S. Bancorp Promotes Parker to Vice Chairman, CRO

U.S. Bancorp announced it has promoted P.W. “Bill” Parker to the position of vice chairman and chief risk officer, overseeing all risk and compliance functions at U.S. Bank. Parker was previously chief credit officer for U.S. Bancorp, an area he will continue to oversee in his new role. Richard J. Hidy, who previously held the role of chief risk officer, will retire from U.S. Bank in March.

“U.S. Bank enjoys a well-deserved reputation as a leader among banks for our operating, credit and risk profile,” said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp. “Bill’s insights and leadership have proven to be invaluable to our company, customers and shareholders, and I am pleased that he is now leading another important area of our company.”

Parker has been with U.S. Bancorp since 1984. He began his career as a commercial lending officer and has held subsequent positions as senior credit officer in retail and wholesale banking, and as the executive vice president for credit policy.