U.S. Bank named Derek Martin St. Louis market president, succeeding Larry Otto, who retired on March 19.

For 20 years, Martin has managed a portfolio of middle market companies in a range of industries, including manufacturing, retail, distribution and transportation. With this new role, he will lead the commercial banking group in the St. Louis market and direct U.S. Bank initiatives across the region.

“Derek has a long history of serving middle market clients and supporting their success,” Mike Prescott, regional market president for U.S. Bank, said. “His client focus, depth of experience and passion for developing talent will deliver tremendous value for our clients and employees in St. Louis.”