U.S. Bancorp (USB) Names Troy Remington Interim CRO After Jodi Richard's Exit
As seen on the 24/7 Wall St. homepage on November 2, 2026.
Risk oversight at a $94 billion bank just changed hands on an interim basis, with Remington stepping in after Jodi Richard's exit. Credit and regulatory discipline is the whole investment case for U.S. Bancorp, so who holds the risk seat matters more than the title suggests.
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Troy William Remington stepped into the role of Executive Vice President and Interim Chief Risk Officer at U.S. Bancorp on November 2, 2026, following the departure of Jodi Richard from the position.
For a bank holding roughly $94 billion in equity, disciplined credit underwriting and clean regulatory standing anchor the investment case, so whoever holds this chair shapes risk appetite in ways that reach the bottom line.
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An interim designation signals the bank is still conducting a broader search, which introduces uncertainty around the permanence of current risk philosophy and policy direction. Investors will want to monitor whether Remington's approach represents continuity with Richard's tenure or a shift in how the bank calibrates credit and compliance exposure.
Leadership transitions in risk management at large regional banks tend to draw regulatory attention, particularly when they come without a named permanent successor. The gap between an interim appointment and a permanent hire is worth watching, since extended uncertainty in this function can affect how examiners and counterparties assess the institution.
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Mentioned: USB