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Richard K. Davis

Richard K. Davis
Nationality U.S.
Education Bachelor’s in Economics, California State University
Occupation Banking
Organization U.S. Bancorp
Title Executive Chair
Board member of
  • Financial Services Roundtable
  • National American Red Cross
  • Minnesota Orchestra
  • Twin Cities YMCA
  • Minneapolis Art Institute
  • University of San Diego
  • The Business Council
  • University of Minnesota Foundation
  • Greater MSP
  • Minnesota Business Partnership
  • The Clearing House
Awards
  • Banker of the Year, American Banker (2010)
  • Executive of the Year,
  • Twin Cities Business Journal (2010)
  • Henrickson’s Ethical Leadership Medal
  • St. Mary's University of MN (2011)
  • Honorary Degree, University of St. Thomas
  • Honorary Degree, College of Mt. St. Joseph

Richard K. Davis (born 1958) is an American businessman. He current serves as Executive Chairman on the Board of U.S. Bancorp, having previously served as President and Chief Executive Officer.

Davis, 57, is a native of Southern California and spent his childhood there. As a child, he earned the seed money for college as a professional actor and singer, including a performance in a production of the Wizard of Oz. This led to Davis' passion for the arts and later board work with various arts organizations. Davis began his banking career at 18 as a teller to pay his way through college. He received a Bachelor's Degree in Economics from California State University, Fullerton in 1983. He completed Banking School Programs at the University of Washington and Cornell University.

Davis rose through the banking ranks to ultimately lead the fifth largest commercial bank in the U.S. Davis served as an Executive Vice President of Bank of America and of Security Pacific. In 1993, he joined Star Banc Corporation as Executive Vice President for Consumer Banking. In 1998, he oversaw the merger of the Star Banc Corporation with the Firstar Corporation, Firstar with the Mercantile Corporation in 1999, and Firstar with U.S. Bancorp in 2001. He served as Chief Operating Officer of U.S. Bancorp from October 2004 to December 2006. He has served as President from October 2004 to January 2016, Chief Executive Officer since December 2006, and Chairman of the Board since 2007.

U.S. Bancorp is a financial services holding company with more than $422 billion in total assets as of December 31, 2015, 67,000 employees and businesses across the United States, Canada and Europe, serving more than 18.5 million customers. U.S. Bancorp is headquartered in Minneapolis and is the parent company of U.S. Bank, which has 3,164 full-service banking offices and 5,020 ATMs in 25 states. U.S. Bancorp is also the parent company of Elavon, a provider of merchant processing services. Davis chairs U.S. Bancorp's management committee, composed of the 14 highest-ranking executives within the organization.


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