February 15, 2008 12:38 PM
U.S. Bank names new Denver retail head
U.S. Bank says Kareina Westlund is its new regional manager of retail banking in the Denver and Salt Lake City metropolitan districts.
She replaces Jeff Shular, a 15-year U.S. Bank veteran who held the job for just over two years before leaving the bank late last year. Shular, who replaced longtime banker Karon Fitzhugh upon her 2005 retirement, returned to his native Pacific Northwest for another opportunity, the bank said. (The opportunity is at Washington Mutual, I have learned, where he is a Division Executive for a number of retail markets, including Denver.)
Westlund, an 18-year banker, had been serving as retail district manager for U.S. Bank in its Salt Lake City district. Her new regional position includes supervision of her Salt Lake City successors, as well as several district managers in Denver.
More things to understand about U.S. Bank's move: In a big regional bank like U.S. Bank, the retail executives report up a retail-banking chain of command. So, while Westlund will work with Denver president Hassan Salem, she won't be reporting to him. She reports to Steve SaLoutos, executive vice president for metropolitan banking at U.S. Bank.
Also, U.S. Bank's grocery-store branches are part of a separate reporting chain, so Westlund oversees just the "traditional" brick-and-mortar offices. U.S. Bank has 50 traditional branches in the Denver metro and 19 branches in Salt Lake City.