PORTLAND, Ore. (September 8, 2014) – U.S. Bank has named Charles Lietz senior vice president and business head of U.S. Bank Dealer Services Group.

In this role, Lietz will lead and oversee all operations of the newly formed Dealer Services Group, which serves automobile, material handling and construction equipment dealers and distributors nationwide. The combined group will continue to provide dedicated products and resources to these important industry sectors including floor plan financing and the full range of banking and financial services.
 

Lietz will report to Sal Maglietta, executive vice president, U.S. Bank Specialized Finance. "We are increasing our focus and deepening our commitment to clients in these markets,” said Maglietta, “And, given Chuck’s vision, his strategic leadership and the dramatic rise in auto sales, we are well positioned for growth in this area.”

Lietz joined U.S. Bank in 2005 and previously served as the director of operations and technology for U.S. Bank Equipment Finance, one of the nation’s largest equipment finance providers. Prior to joining U.S. Bank, Lietz spent over 15 years in the manufacturing sector including seven years with Tyco International in various posts such as CFO and General Manager of the Precision Interconnect division. Lietz has a Master’s in Business Administration from Washington State University and a Bachelor of Arts degree in accounting from University of Portland.     

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $389 billion in assets as of June 30, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The Company operates 3,174 banking offices in 25 states and 5,005 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.