Todd Gronski Joins U.S. Bank Asset-Based Finance

<p>U.S. Bank Asset Based Finance has named <person>Todd Gronski</person> senior vice president, western <location value="LC/us" idsrc="xmltag.org">United States</location>. In this role, Gronski will lead a team of portfolio specialists who are responsible for underwriting and structuring client transactions.</p><p>"Our clients will benefit from Todd's extensive experience and from his capacity to generate innovative solutions. They can expect in-depth investment and asset-based lending knowledge, in combination with a collaborative and inclusive approach to lending," said <person>Tim Turner</person>, senior vice president, U.S. Bank Asset based Finance.</p><p>Gronski brings more than 20 years of industry experience, and, prior to joining <org>U.S. Bank</org>, was a credit executive with JP Morgan Chase. Previous to this, Gronski held the position of senior risk officer with <org value="NASDAQ-MF:GESLX" idsrc="xmltag.org">General Electric Capital Corporation's</org> corporate finance leasing program. Gronski holds a B.S. in finance from <org value="ACORN:2827611636" idsrc="xmltag.org">Arizona State University</org> and an M B.A. from <org value="ACORN:0378886830" idsrc="xmltag.org">San Jose State University</org>.</p><p>U.S. Bank Asset Based Finance is one of the nation's fastest-growing asset-based lenders, providing financing solutions to middle-market and large-cap companies in <location value="LC/us" idsrc="xmltag.org">the United States</location> and <location value="LC/ca" idsrc="xmltag.org">Canada</location>. Financing supports working capital, growth, acquisitions and turnarounds across a wide spectrum of manufacturers, distributors, service providers and retailers.</p><p>About <org>U.S. Bank</org></p><p><location value="LU/us.mn.minnea" idsrc="xmltag.org">Minneapolis</location>-based <org value="NYSE:USB" idsrc="xmltag.org">U.S. Bancorp</org> (NYSE: USB), with <money>$403 billion</money> in assets as of <chron>December 31, 2014</chron>, is the parent company of <org value="ACORN:1051856461" idsrc="xmltag.org">U.S. Bank National Association</org>, the 5th largest commercial bank in <location value="LC/us" idsrc="xmltag.org">the United States</location>. The company operates 3,176 banking offices in 25 states and 5,022 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit <org value="NYSE:USB" idsrc="xmltag.org">U.S. Bancorp</org> on the web at <a href="http://www.usbank.com">www.usbank.com</a>.</p>