US BANCORP (USB)
Sector: Financials
Sector: Financials
US BANCORP - Executive Compensation
Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking
Executive Compensation
Stephen L. Philipson serves as Vice Chair and Head of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bancorp, where he leads a dynamic portfolio of business lines critical to the company's growth strategy. In this role, he oversees wealth management, corporate banking, commercial lending, and institutional services, managing relationships with high-net-worth clients, middle-market companies, and large institutions. Philipson's leadership focuses on delivering tailored financial solutions, driving revenue expansion, and leveraging U.S. Bank's national footprint to enhance client outcomes in a competitive landscape. With more than 30 years of experience in financial services, Philipson joined U.S. Bancorp in 2018 from BMO Harris Bank, where he was President of Commercial Banking and responsible for a multibillion-dollar loan and deposit portfolio across the Midwest. Prior to BMO, he held senior positions at Bank of America Merrill Lynch, including Head of Commercial Real Estate and Midwest Commercial Banking, and began his career at LaSalle Bank, advancing through roles in relationship management and credit origination. Philipson's achievements include spearheading transformative growth initiatives, such as expanding market share in key industries and navigating complex economic cycles with disciplined risk management. Recognized as a strategic visionary, he has fostered innovative partnerships and team cultures that prioritize client success, earning accolades from industry peers and contributing significantly to U.S. Bancorp's position as a top-tier provider of integrated banking services.