U.S. Bancorp has appointed Calvert Lange as Senior Vice President and Head of Payments: Merchant and Institutional Sales Group. Lange will oversee payments and treasury management coverage for technology, transportation, consumer, and hospitality sector clients. She joins U.S. Bancorp after previous senior roles at Citi and Deutsche Bank focused on institutional payments and cash management. U.S. Bancorp, a US based financial services holding company with a market cap of about $91.1b, runs payments and treasury services alongside traditional lending for individuals, corporates, governments, and other financial institutions, so the leadership change affects a core operating arm. The appointment fits the company's push to lean more on fee income and payments scale, and management commentary on payments and treasury fee trends in those verticals over the next few quarterly calls will be a concrete marker to watch.
U.S. BancorpAppoints Calvert Lange to lead institutional payments, supporting its push to lean on fee income and payments scale.
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