Polaris Industries Inc. (NYSE: PII) announced that Scott W. Wine, its Chairman and Chief Executive Officer, has been elected to serve as a director of U.S. Bancorp (NYSE: USB), effective July 14, 2014.
“It is a tremendous honor to join the Board of Directors of U.S. Bancorp, a great banking institution with a stellar reputation for efficiency, integrity, and strong financial results,” said Wine. “I look forward to contributing to, and learning from Richard K. Davis and the rest of the board.”
Minneapolis-based U.S. Bancorp, with $371 billion in assets as of March 31, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The company operates 3,083 banking offices in 25 states and 4,906 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
“We are delighted that Scott will be bringing his extensive experience and insight to our board,” said Richard K Davis, chairman, president and chief executive officer of U.S. Bancorp. “He is a talented and recognized leader, and will provide valuable contributions and guidance in the years ahead.”