U.S. Bank announced Derek Martin has been named St. Louis Market President, succeeding Larry Otto, who retired on March 19. For 20 years, Martin has successfully managed a deep and diverse portfolio of middle-market companies, ranging from manufacturing and retail to distribution and transportation. With this new role, he will lead the Commercial Banking group in the St. Louis market and direct U.S. Bank initiatives across the region.

“Derek has a long history of serving middle market clients and supporting their success,” said Regional Market President Mike Prescott. “His client focus, depth of experience, and passion for developing talent will deliver tremendous value for our clients and employees in St. Louis.”

Martin has a Bachelor of Science degree in Finance from Seton Hall University and an MBA in Business and Finance from University of Missouri – St. Louis.