Market Overview

U.S. Bank Names John Zimmerman President of Ascent Private Capital Management


Zimmerman will lead family office advisory and wealth management

U.S. Bank Wealth Management has named John Zimmerman as president of
Ascent Private Capital Management, the company's family office advisory
and wealth management business for ultra high net worth clients.

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John Zimmerman, president for Ascent Private Capital Management of U.S. Bank. (Photo: Business Wire)

John Zimmerman, president for Ascent Private Capital Management of U.S. Bank. (Photo: Business Wire)

Zimmerman has served as Ascent regional managing director for the Denver
region since 2016. In that time, the Denver team has provided a superior
Ascent client experience, resulting in significant growth in the market.
In his role as president of Ascent, Zimmerman will set the strategic
direction and oversee all aspects of Wealth Management's ultra high net
worth business. He will continue to reside in Denver and will manage
teams based in key markets across the United States. He fills a position
recently vacated by Michael Cole.

Zimmerman is an experienced senior executive who brings more than 30
years of financial services experience to this role – in particular,
significant expertise in serving ultra high net worth clients. Prior to
joining U.S. Bank, he was president of Denver Investments; president of
the Westcore Mutual Funds board of trustees; founder, partner and
managing director at Northern Lights Capital Group; managing director
and executive vice president at Janus Capital Group; and managing
director at Banc of America Capital Management.

"John brings great depth and experience to this role – in particular,
significant insight and expertise in serving clients with complex needs.
We are poised for tremendous growth in this area and I'm confident that
the momentum we have built will continue into a very promising future
under John's exemplary leadership," said Mark Jordahl, president of U.S.
Bank Wealth Management.

Zimmerman is a Chartered Financial Analyst and holds a bachelor's degree
from the University of Missouri and a master's degree from Saint Louis
University. Community involvement is a passion; he serves on the boards
of Boy Scouts of America – Denver Area Council, Seeds of Hope Charitable
Trust, the Catholic Foundation of Northern Colorado and the University
of Missouri Trulaske School of Business strategic development board.

For individuals and families with significant resources, Ascent provides
highly customized wealth management services to help sustain wealth and
make an impact over generations. Ascent Private Capital Management has
offices in Cincinnati, Denver, La Jolla, California, Minneapolis, San
Francisco and Seattle.

About U.S. Bank
U.S. Bancorp (NYSE:USB), with 74,000
employees and $461 billion in assets as of June 30, 2018, is the parent
company of U.S. Bank, the fifth-largest commercial bank in the United
States. The Minneapolis-based bank blends its relationship teams,
branches and ATM network with mobile and online tools that allow
customers to bank how, when and where they prefer. U.S. Bank is
committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment services
customers across the country and around the world as a trusted financial
partner, a commitment recognized by the Ethisphere Institute naming the
bank a 2018
World's Most Ethical Company
. Visit U.S. Bank online
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About Ascent Private Capital Management of U.S. Bank
Private Capital Management serves individuals and multigenerational
families with significant resources who aspire to make an impact with
their wealth. Clients can expect highly personalized advisory services
that combine traditional wealth planning offerings with cutting-edge
wealth impact planning and communication tools. For more information,

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