U.S. Bank, the fourth-largest bank in the Omaha metro area, said Tuesday that it has named Omaha native Joseph Sullivan to the post of market president overseeing commercial banking.
The Minneapolis-based bank, the fifth-largest in the nation based on $361 billion of assets, said Sullivan was promoted from vice president of commercial banking. With the promotion, the bank said, he will report to U.S. Bank regional vice president Steve Erwin.
Erwin was serving as Omaha market president on an interim basis.
“Omaha is an important market for U.S. Bank, and it's essential that we have strong, visible leaders locally,” said Erwin. Sullivan, who joined U.S. Bank in 2003, has “experience and deep roots in the Omaha community,” Erwin said.
U.S. Bank ranks fourth in metro-area deposit share, with 9.5 percent, according to the Federal Deposit Insurance Corp. Its 35 branches are tied for the most in the metro area with First National Bank of Omaha, the deposit-share leader with 27.5 percent.