U.S. Bank Execs. Among “Most Powerful Women in Banking”
Two U.S. Bancorp executives are among the 25 “most powerful women in banking,” according to American Banker magazine.
Pamela Joseph, vice chair of the Minneapolis-based bank-holding company and head of its $4.6 billion payment services division, came in fifth on American Banker’s annual ranking; this is the seventh time that Joseph has appeared on the list.
Leslie Godridge, U.S. Bancorp’s executive vice president for national corporate and institutional banking, ranked 16th and made the list for the second consecutive year.
American Banker said that the list, which it has compiled every year since 2003, recognizes “the professional achievements, personal tenacity, and overall influence of the industry’s top-performing female executives.”
According to the magazine, Joseph helped U.S. Bank post a 40 percent increase in credit card sign-ups in 2011 through a strategy that included employee incentives. She reportedly also helped the bank roll out the country’s first contactless cards and become the first in the market with an instant payment application for mobile devices.
Joseph also implemented a plan to mitigate $300 million in revenue lost annually due to the Durbin Amendment—a provision in the Dodd-Frank Act that effectively reduced the amount of fees that retailers pay banks for customers’ debit card transactions—without imposing major price changes on consumer cardholders, the magazine reported.
Since 2007, Godridge has led a business unit that now generates more than $1 billion in annual revenue. Under her leadership, the unit has more than doubled its revenue and grown its employee base to more than 200 from 83 in 2007, according to American Banker.
Meanwhile, Lynn Heitman, senior vice president of U.S. Bancorp’s retail payment solutions division, was named one of 25 “women to watch,” coming in 20th on the ranking. American Banker said the list included rising stars as well as more established executives who have taken on new roles since last June.
A group of 82 U.S. Bancorp women executives—all of whom hold a senior vice president title or higher—was also recognized as one of eight top banking teams. According to the magazine, the group is among those responsible for U.S. Bank’s “outstanding performance.” The other teams that were recognized are from Wells Fargo, BMO Financial, First Bethany Bank & Trust, RBS Citizens Financial Group, and Zions First National Bank.
U.S. Bancorp, under which U.S. Bank operates, is among Minnesota’s 10 largest public companies based on revenue, which totaled $19.1 billion in 2011. It is also the state’s largest bank-holding company based on assets, which totaled $349 billion as of June 30.
Earlier this year, Twin Cities Business inducted U.S. Bancorp CEO Richard Davis into the Minnesota Business Hall of Fame. To read about his accomplishments, click here.
American Banker is a monthly magazine that is geared specifically toward bank executives and banking practitioners.