U.S. Bank Names Rex Rudy Head of Commercial Real Estate Division
May 04 2015 - 9:00AM
Business Wire
U.S. Bank has hired industry veteran Rex Rudy to head its
commercial real estate division, succeeding Joe Hoesley, who
retired in March. Rudy brings more than 20 years of experience in
the industry, most recently as managing director and group head of
real estate investment trust (REIT) finance at Wells Fargo.
Rex Rudy (Photo: Business Wire)
“Rex is an experienced commercial real estate banker with strong
leadership skills and a proven record of driving growth. We’re
pleased for him to join U.S. Bank,” said Richard Payne, vice
chairman and head of U.S. Bank’s wholesale banking division. “We
also congratulate Joe on his retirement and thank him for his
22-year career at U.S. Bank during which time he built our CRE
division into a strong, national franchise.”
As division head, Rudy will oversee 350 employees in the bank’s
24 commercial real estate offices across the country. The division
focuses on establishing long-term relationships with commercial
real estate developers, REITs, and commercial property owners
located across the United States.
“I am honored to join the U.S. Bank team with its world-class
franchise and industry-leading reputation and performance. U.S.
Bank has a long history in commercial real estate supported by a
disciplined approach and focus on supporting our clients,” Rudy
said.
Rudy will be based in Charlotte, a market in which U.S. Bank has
grown tremendously in recent years. The bank now employs 350 people
in the market, nearly double what it did in 2008. The expansion is
largely the result of growth in the bank’s wholesale banking,
corporate trust and compliance divisions.
Rudy earned bachelor’s and master’s degrees in business
administration from Ohio State University. He and his wife, Lisa,
have three children: Connor, Cameron and Kristin.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $410 billion in assets as of
March 31, 2015, is the parent company of U.S. Bank National
Association, the 5th largest commercial bank in the United States.
The Company operates 3,172 banking offices in 25 states and 5,016
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.
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U.S. Bank Corporate CommunicationsPat Swanson,
651-587-3590patrick.swanson@usbank.com
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