U.S. Bancorp (USB) in Minneapolis has hired Bank of America (BAC) executive Michael Righi for two important West Coast jobs.
Righi will serve as U.S. Bank's president for Northern California and lead its middle-market commercial banking teams in the Pacific-Northwest, the $353 billion-asset company said in a press release Friday. He succeeds Michael Walker, who recently accepted a leadership position in U.S. Bank's national corporate banking division.
During his time at Bank of America, Righi oversaw middle-market commercial banking teams throughout the San Francisco Bay Area and served double-duty as an employee of the company's investment bank. He has also held senior positions with KeyCorp (KEY) and People's Bank in Seattle.
"Michael Righi's experiences in banking and his knowledge of the Bay Area and the Pacific-Northwest make him an ideal person to ensure a smooth transition as we continue to grow U.S. Bank's presence in Northern California and the Pacific-Northwest," Elliot Jaffee, executive vice president and head of commercial banking, said in the release.