U.S. Bancorp Names New President for Arizona

U.S. Bancorp has promoted an executive to lead its operations in the Grand Canyon State.

The $354-billion-asset Minneapolis parent of U.S. Bank said Thursday it has named Brian Schwallie its Arizona market president.

Schwallie, who will lead commercial banking and coordinate U.S. Bank's activities in the state, has served as a relationship manager for the bank in Nevada, Arizona and Utah since joining the company in 2005.

He previously held posts with Clorox Co., Aladdin Casino Resort and Park Place Entertainment.

"Brian has demonstrated solid leadership throughout his tenure and I am confident that our customers and prospective clients in Arizona will value his experience in the market," Lori Soren, U.S. Bank's regional market president, said in a press release.

Schwallie succeeded Hope Levin, who left the company.