U.S. Bancorp Names Bill Parker to Vice Chair and Chief Risk Officer

Proquest LLC

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.

"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. Parker serves as a board member on the Ordway Center for the Performing Arts and Como Friends, both in St. Paul, Minn.

Richard J. Hidy, who previously held the role of chief risk officer, will retire from U.S. Bank in March.

"Rich has made enormous contributions to U.S. Bank since 1992, when he joined the former Star Banc in Cincinnati," Davis said. "Through his leadership and tireless efforts, Rich has helped build our outstanding reputation for sound risk management. I wish Rich all the best as he begins this new chapter in his life."

U.S. Bancorp is the parent company of U.S. Bank, a commercial bank in the United States.