Terry K. Dunkle, president and chief executive officer of U.S. Bank, Johnstown, Pa., has been designated to succeed Clifford A. Barton as chairman, president, and chief executive officer of the bank's parent company, US-bancorp.
Mr. Barton has held the top position for the past six years.
Mr. Dunkle has more than 30 years of banking experience.
He joined U.S. Bank in 1988 and developed and implemented a restructuring program that included the sale and consolidation of branch offices, realignment of staff, and a strong emphasis on asset quality.
Louis Cynkar has been designated to succeed Mr. Dunkle as president and CEO of U.S. Bank.
Mr. Cynkar is currently senior vice president and head of the bank's commercial and retail banking units.
He, too, has more than 30 years of banking experience - 24 of them with the former Equibank of Pittsburgh, where he rose through the ranks to become senior vice president in commercial lending.
In 1991, he was promoted to senior vice president and head of both the commercial and retail banking groups al U.S. Bank.
The Usbancorp board will take formal action on the two appointments before Mr. Barton's retirement, which is scheduled for Jan. 31.