Derek Martin was named St. Louis market president for Minneapolis-based U.S. Bank, succeeding Larry Otto, who retired on March 19.
Martin has been with U.S. Bank for 20 years, most recently as senior vice president and corporate and commercial banking team leader. During that time, he has managed a diverse portfolio of middle-market companies, ranging from manufacturing and retail to distribution and transportation. Previously, he was a commercial banking loan officer with Central Bank, Jefferson City, Mo.
Martin sits on the boards of the St. Louis Municipal Theatre and the St. Louis Sports Commission. He is also a U.S. Soccer-licensed coach, currently volunteering at the St. Louis Scott Gallagher Soccer Club.
He has a Bachelor of Science degree in finance from Seton Hall University, South Orange, N.J., and an MBA in business and finance from University of Missouri – St. Louis.
“Derek has a long history of serving middle market clients and supporting their success,” said Regional Market President, Mike Prescott. “His client focus, depth of experience, and passion for developing talent will deliver tremendous value for our clients and employees in St. Louis.”
Otto had held the role since 2015, when he joined U.S. Bank after a stint with Bank of America.