U.S. Bancorp has named Diane L. Thormodsgard president of corporate trust services.

Ms. Thormodsgard, 49, will manage all aspects of corporate trust sales, administration, and operations for the $77.4 billion-asset compay, which is one of the banking leaders in this business and the top municipal trustee in the nation.

The 21-year veteran of U.S. Bancorp and its predecessor First Bank System Inc. was chief administrative officer and senior vice president of corporate trust. In her new post she succeeds Peter E. Raskind, who in July was named head of U.S. Bancorp's new "branch channel" group. That appointment came as part of a top-level management reshuffling aimed at sharpening U.S. Bancorp's focus on service.

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