David M. Moffett

Overview

Moffett brings more than 30 years of strategic finance and operational experience in banking and payment processing. He joined Star Banc Corporation in 1993 as CFO and played integral roles as Star Banc Corporation acquired Firstar in 1998, which then acquired U.S. Bancorp in February 2001, retaining the U.S. Bancorp name. As Vice Chairman and CFO of U.S. Bancorp, Moffett successfully managed both organic- and acquisition-fueled growth strategies. He was a financial architect of more than 30 acquisitions and helped the company grow from less than $1 billion to approximately $20 billion in revenue and less than $1 billion to $60 billion in market capitalization. Prior to 1993, Moffett held executive level positions at some of the nation's leading financial services companies, including Bank of America and Security Pacific Corp. He currently serves on the Boards of three other companies - MBIA, Building Materials Holding Corporation (BMHC) and E.W. Scripps Company.