U.S. Bank (USB) in Minneapolis has hired a president and chief executive for its bank-affiliated equipment finance company.

Anthony Cracchiolo will lead and oversee nine business units, the $371 billion-asset company said in a press release. His oversight will include U.S. Bank Equipment Finance direct business channels that consist of capital equipment, small business, technology finance, government leasing and finance.

Cracchiolo will report to Sal Maglietta, executive vice president of U.S. Bank Specialized Finance.

The 35-year industry veteran joined U.S. Bank Equipment Finance in 2007 and has been leading the organization's businesses in the vendor channel since 2011. He has served on the board of the Equipment Leasing and Finance Association since 2010.

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