U.S. Bancorp has promoted longtime executive Chris Heman to market president for the state of Washington.

The $354 billion-asset company said Friday that Heman also will serve as head of commercial banking for the Puget Sound region.

Both appointments take effect March 1.

Heman, who joined U.S. Bancorp 20 years ago, has headed the company's retail branches in the Seattle and Tacoma since 2005. He succeeds Ken Kirkpatrick, who is retiring after 41 years with the company.

"Chris has been a key contributor to U.S. Bank's success in the Puget Sound area and is a respected member of the Washington market leadership team," Elliot Jaffee, the company's executive vice president for wholesale banking, said in a press release. "His knowledge of the region, combined with his experience in banking and commitment to succeed, make him well suited to this new role."

Kirkpatrick, who held a series of senior posts at U.S. Bancorp, worked for the company and its predecessor, Peoples Bank, throughout his entire career. He is chairman emeritus of the Pacific Coast Banking School in Seattle and a two-time board chair of both Seattle's Arts Fund and the local chapter of Junior Achievement.

"Ken is a motivator, an advocate and an inspiration," Richard Davis, U.S. Bancorp's chief executive, added in the release.

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