“Ken is an icon in the Seattle business community, as well as in the nonprofit sector that he and his wife, SaSa, so ardently support,” said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp. “Ken is a motivator, an advocate and an inspiration. We are grateful for his dedication and leadership, which will live on through the spirit of community service he has instilled in his employees, evidenced most recently with more than 240 U.S. Bank volunteers at the Northwest Harvest food drive this past fall. We wish him the very best in his retirement.”
With a legacy dating back to the founding of Peoples National Bank of Washington in 1889, U.S. Bank now has 89 branches and more than 1,400 employees in Seattle. The bank is a proud community partner, providing more than $1.3 million in local charitable contributions and its employees volunteered more than 2,300 hours at nonprofit organizations in the Seattle area. In addition, small business lending at U.S. Bank in Seattle is up more than 15 percent in the fourth quarter of 2012 compared with the same period last year.
U.S. Bancorp (NYSE: USB), with $354 billion in assets as of Dec. 31, 2012, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,084 banking offices in 25 states and 5,065 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