A respected veteran of U.S. Bancorp who assured state regulators in Oregon that he would personally see that his company's merger with First Bank System of Minneapolis was carried out with limited customer disruption has decided to retire Sept. 1.

John D. Eskildsen, U.S. Bank president in Oregon, said he has decided to retire at age 60 rather than stay with the new $72 billion-asset company. Mr. Eskildsen, who has been with U.S. Bancorp for his entire 38-year banking career, will be succeeded by another company veteran, John H. Rickman, 56.

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