US Bancorp stock faces open-ended risk leadership transition

U.S. Bancorp's senior risk function is entering a succession process after Jodi L. Richard resigned as vice chair and chief risk officer effective immediately on October 23, 2026. Banking Dive reports that Richard will become chief risk officer of American Express and its national bank on January 25, 2027.

Richard's next role sets a date

Richard notified U.S. Bancorp of her departure on October 23. The bank said the resignation was not related to a disagreement over its operations, policies or practices. At American Express, she will also lead the global risk and compliance team and join the executive committee.

Richard had been with U.S. Bancorp since 2014 and became chief risk officer in 2018, according to Banking Dive. Her move gives investors a clearer view of the transition's destination, but it leaves U.S. Bancorp searching for a permanent leader of enterprise risk.

Interim oversight combines two roles

Troy W. Remington, an executive vice president and chief credit officer, is serving as interim chief risk officer while U.S. Bancorp conducts its search. Remington has been with the bank for more than 21 years and became chief credit officer in 2021, Banking Dive reports.

That arrangement keeps credit and broader risk oversight under one interim leader. The company's filing did not provide a timetable for naming a permanent successor, leaving the duration of the dual assignment open.

US Bancorp stock traded at 54.28 euros on Lang & Schwarz at 17:04 CET on Wednesday, November 4, 2026. The real-time quote of US Bancorp stock is available here.

For broader market context, see the current S&P 500 market overview.

Investors will next watch the permanent risk appointment and whether the leadership change affects credit, compliance or operational-risk priorities at U.S. Bancorp.

More news and analyses on US Bancorp stock