U.S. Bank names Troy Remington as chief credit officer
October 15 2021 - 1:00PM
Business Wire
U.S. Bank announced today that it has named Troy Remington as
chief credit officer. Remington has been serving as interim chief
credit officer since early August, when the former chief credit
officer accepted a new leadership role within the company.
Remington will report to Jodi Richard, U.S. Bank’s chief risk
officer.
“We’re excited to have Troy in this role and pleased we were
able to fill this critical position from within,” Richard said.
“Troy’s depth of credit risk knowledge, familiarity with U.S. Bank
and our credit culture, and his strong reputation as a
collaborative and thoughtful business partner made him a stand-out
candidate”
Remington will lead the company’s Credit Risk Management
division, which is responsible for establishing credit policies for
all business units and products, ensuring transactions are approved
according to policy, and developing and implementing processes that
include measuring, tracking and reporting the credit risk generated
in the course of business. Remington also will be responsible for
providing oversight and management of the company’s default
management and counterparty credit risk exposure.
Remington currently is executive credit officer and head of
portfolio risk management. He joined U.S. Bank in 2005 and has held
several roles of increasing responsibility within Credit Risk
Management.
Remington has a bachelor’s degree in economics and business
administration from Coe College in Cedar Rapids, Iowa. He is a
graduate of the Pacific Coast Banking School and the Wharton/Risk
Management Association Advanced Risk Management Program.
About U.S. Bank
U.S. Bancorp, with nearly 70,000 employees and $567 billion in
assets as of September 30, 2021, is the parent company of U.S. Bank
National Association. The Minneapolis-based company serves millions
of customers locally, nationally and globally through a diversified
mix of businesses: Consumer and Business Banking; Payment Services;
Corporate & Commercial Banking; and Wealth Management and
Investment Services. The company has been recognized for its
approach to digital innovation, social responsibility, and customer
service, including being named one of the 2021 World’s Most Ethical
Companies and Fortune’s most admired superregional bank. Learn more
at usbank.com/about.
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version on businesswire.com: https://www.businesswire.com/news/home/20211015005058/en/
Cheryl Leamon, U.S. Bank Public Affairs and Communications
cheryl.leamon@usbank.com | 651.435.7460
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