By Erin Geiger Smith
Dec 13 (Reuters) - James Chosy will become U.S. Bancorp's
executive vice president and general counsel as of March 1, the
Chosy currently serves as general counsel and secretary of
investment bank Piper Jaffray Companies, which, like U.S.
Bancorp, is based in Minneapolis.
He will take over for U.S. Bancorp's current vice president
and general counsel, Lee Mitau, who is retiring. Mitau has
served in the position since 1995 and prior to that was a
partner at Dorsey & Whitney.
Chosy will join U.S. Bancorp in late January so he can work
with Mitau through a short transition period, a spokesman for
the bank said.
It is a return trip to U.S. Bancorp for Chosy. Before
joining Piper Jaffray in 2001, he served as associate general
counsel at the bank. He began his career with Dorsey.
U.S. Bancorp has more than $350 billion in assets and is the
parent company of U.S. Bank, the 5th-largest commercial bank in
the United States.
Two other executives will also assume new positions at the
bank in March. Current executive vice president of community
banking, James Elmore, will become vice chairman of community
banking and branch delivery. Kent Stone, who is executive vice
president of consumer banking, will become vice chairman of
consumer banking and sales support.
Mitau and Chosy were not immediately available for comment.
Piper Jaffray did not immediately respond to a request for
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