U.S. Bancorp Chief Executive Elected To USD Board of Trustees

Richard K. Davis, president and chief executive officer of U.S. Bancorp has been elected to the University of San Diego’s Board of Trustees effective July 1, announced USD President Mary E. Lyons. 

“Richard Davis is a man of great integrity and moral and ethical conviction.  His leadership has had a tremendous impact on the banking industry.  As a university which believes it is our fundamental responsibility to develop ethical and responsible leaders committed to the common good, Mr. Davis’s many years of exemplary leadership gives me great confidence that he will make enormous contributions to our board of trustees,” President Mary E. Lyons stated. 

“Universities play a critical role in developing socially conscious, socially responsible citizens.  In my professional and personal life, I have always done my absolute best to ensure that I set the example for others by committing my time, talents and resources back to the community,” said Davis.  “I was pleased to learn that USD students and staff do the same.  Each year, the university community contributes thousands of volunteer hours supporting many important causes.  I am proud to be associated with a university that shares my commitment to service while still providing students with a quality education.”

A respected businessman, Davis has more than 30 years of experience in the banking industry.  He joined U.S. Bancorp, a financial holding company, in 1993 as executive vice president of consumer banking.  Soon after joining the company, he played a key role in several successful mergers.  With assets of $217 billion, U.S. Bancorp is the sixth largest financial holding company in the United States.  The company employs approximately 50,000 employees in nearly 2,500 banking offices across the country.  The company is headquartered in Minneapolis, Minnesota. 

Davis received his undergraduate degree in economics from California State University.  In addition to serving on USD’s board, Davis serves on the boards of several other organizations including Visa USA., Visa International, and American Bankers Association.  Davis and his wife Theresa have three children including a daughter who attends USD. 

About University of San Diego

The University of San Diego is a Catholic institution of higher learning chartered in 1949; the school enrolls approximately 7,500 students and is known for its commitment to teaching, the liberal arts, the formation of values and community service. The opening of the Joan B. Kroc School of Peace Studies will bring the University’s total number of schools and colleges to six.  Other academic divisions include the College of Arts and Sciences and the schools of Business Administration, Law, Leadership and Education Sciences, and Nursing and Health Science.

About the University of San Diego

Strengthened by the Catholic intellectual tradition, we confront humanity’s challenges by fostering peace, working for justice and leading with love. With more than 8,000 students from 75 countries and 44 states, USD is the youngest independent institution on the U.S. News & World Report list of top 100 universities in the United States. USD’s eight academic divisions include the College of Arts and Sciences, the Knauss School of Business, the Shiley-Marcos School of Engineering, the School of Law, the School of Leadership and Education Sciences, the Hahn School of Nursing and Health Science, the Joan B. Kroc School of Peace Studies, and the Division of Professional and Continuing Education. In 2021, USD was named a “Laudato Si’ University” by the Vatican with a seven-year commitment to address humanity’s urgent challenges by working together to take care of our common home.