U.S. Bancorp announced leadership changes as part of a transition plan. Shailesh M. Kotwal will step down as Vice Chair, Payment Services, on February 3, 2025, but will continue in an advisory role until June 30, 2025, to support the leadership transition. Additionally, Scott W. Wine informed the board that he will not seek re-election at the 2025 Annual Meeting of Shareholders, citing personal reasons after a decade of service.