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U.S. Bancorp Chairman to Receive Honorary Doctorate

March 6, 2014

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Richard K. Davis

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Richard K. Davis, chairman, president and chief executive officer of U.S. Bancorp, will be awarded an honorary doctor of humane letters during May 17 commencement ceremonies at Cal State Fullerton.

The 1983 CSUF economics graduate helms a financial services holding company with more than $361 billion in total assets and business across the United States, Canada and Europe. U.S. Bancorp is the parent company of U.S. Bank, the nation's fifth largest commercial bank.

Davis joined U.S. Bancorp in 1993 and has served as its president since 2004. He became CEO in 2006 and chairman in 2007. He has held executive-level positions with Bank of America and Security Pacific Bank.

"Mr. Davis epitomizes the promise of a California State University, Fullerton graduate — hardworking, ethical and committed to giving back to the community," noted Cal State Fullerton President Mildred García. "As a distinguished member of his industry and his community, he exemplifies the ideal that Titans Reach Higher, an exceptional individual through and through."

A full-time bank teller at the age of 18, Davis said in a 2009 interview that he gained a keen appreciation for the value of an education from attending college at night. "When you do that, you aren't in it for fun. Education's real. Those are the people I like to hire, the folks who are working all day and in school at 7 p.m."

In his experience, he explained, "I found there was an incredible breadth and depth of educators at Cal State Fullerton. I will forever be grateful to those amazing people."

Davis was honored by his alma mater in 2008 with the Distinguished Alumni Award. He has participated in Professor for a Day programs, in the "Salute to Business Leaders" program, and was a contributor to the building campaign for Steven G. Mihaylo Hall, home of Mihaylo College of Business and Economics. Since 2009, he has served several times as a guest speaker during the annual Economic Forecast Conference sponsored by Mihaylo College and the Orange County Business Council.

At the 2010 conference, he announced a $500,000 grant for the establishment of a U.S. Bank Economic Empowerment Program at his alma mater. The program provides for financial education training for middle and high school educators, technical assistance to small businesses throughout Orange County and the Inland Empire, and establishment of a financial education program at two area schools through the CSUF Center for Economic Education.

In addition to his contributions to Cal State Fullerton, Davis serves on several boards, including the National American Red Cross, University of San Diego, The Financial Service Clearing House, Twin Cities YMCA and the Minneapolis Institute of Arts. Davis earned the Hendrickson Medal for Ethical Leadership from Saint Mary's University of Minnesota in 2011, recognizing his ethical approach to banking. In recognition of his civic and community service, he received the President's Lifetime Volunteer Service Award from then-President George W. Bush in 2007.

He will be recognized during the university's Saturday, May 17, commencement ceremony and deliver that day's address to the graduates.

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