U.S. Bank Names Larry Otto St. Louis Market President
14 July 2015 - 1:30AM
Business Wire
U.S. Bank has hired longtime St. Louis banker Larry Otto as its
market president, succeeding Joseph Imbs III who recently retired.
Otto will lead the market in company-wide efforts and activities,
and will direct commercial banking in the St. Louis metropolitan
area.
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Larry Otto (Photo: Business Wire)
A St. Louis native, Otto has more than three decades of banking
experience in the region. He joins U.S. Bank from Bank of America,
where he most recently served as president for St. Louis and
Missouri and gained extensive commercial banking and wealth
management experience in many leadership roles.
“U.S. Bank has a long history in St. Louis. We are the largest
bank in the market and it’s important that our leaders are engaged
in the community,” said Richard Davis, chairman, president and
chief executive officer of U.S. Bancorp. “Larry is regarded highly
in the banking industry and throughout his career he has
demonstrated a commitment to giving back to the community. We’re
pleased to welcome him to U.S. Bank.”
Active in the community, Otto’s work with local organizations
includes serving as a member of Civic Progress, board chair for
Variety the Children’s Charity, board member for St. Louis
Children's Hospital Foundation and board member for the St. Louis
Public Library Foundation. Just last month, he was recognized as
“Community Champion” by Father’s Support Center, St. Louis.
“I chose to be a banker three decades ago because I viewed the
profession as a way to help people, businesses and communities
achieve their goals. I look forward to this new opportunity to do
so with U.S. Bank,” Otto said.
Otto grew up in Clayton, Mo., and attended St. Louis Country Day
School, later earning a bachelor’s degree from Duke University. He
now resides again in Clayton with his wife, Jill, and they have two
daughters.
U.S. Bank’s local history dates back to 1855 when State Savings
Institution opened in St. Louis and later became part of U.S. Bank
by way of Mercantile. Today, U.S. Bank is the largest bank in the
market, with 116 branches and more than 4,000 people locally.
Imbs, also a St. Louis native, spent his nearly four-decade
career with U.S. Bank prior to his retirement last month. Imbs now
serves as a member of U.S. Bank’s local advisory board.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $410 billion in assets as of
March 31, 2015, is the parent company of U.S. Bank National
Association, the 5th largest commercial bank in the United States.
The Company operates 3,172 banking offices in 25 states and 5,016
ATMs and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at usbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150713005335/en/
U.S. Bank Corporate CommunicationsPat Swanson,
651-587-3590patrick.swanson@usbank.com
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