""U.S. Bancorp"":https://www.usbank.com/index.html announced the promotion of P.W. ""Bill"" Parker to the position of vice chairman and chief risk officer.
Parker has been with U.S. Bancorp since 1984, starting his career as a commercial lending officer and working up through the ranks as senior credit officer and EVP for[IMAGE] [COLUMN_BREAK]
credit policy. Most recently, he served as chief credit officer, an area he will continue to oversee in his new position.
""U.S. Bank enjoys a well-deserved reputation as a leader among banks for our operating, credit and risk profile,"" said Richard Davis, president and CEO 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.""
As chief risk officer, Parker will replace Richard Hidy, who plans to retire from the company 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.""