MINNEAPOLIS –

U.S. Bank named a former high-level executive at Bank of America to lead the institution’s indirect lending group, which provides loans and leases to consumers through automobile, marine and recreational vehicle (RV) dealers.

Taking over the role is John Hyatt.

“We are pleased to have John join our team,” said Kent Stone, vice chairman and head of consumer banking sales and support at U.S. Bank.

“His experience makes him well-positioned to build upon our strong indirect lending business and grow it as the economy rebounds and consumers get back into the market for new cars, boats and RVs,” Stone continued.

Hyatt brings more than 36 years of financial experience to his new role. Most recently, he was the president of dealer financial services at Bank of America, a position he had held since 2010.

Prior to that, Hyatt held a variety of leadership roles in retail banking and direct lending at Bank of America.

“U.S. Bank has a strong legacy in the dealer business,” Hyatt said. “I am excited about joining the team and continuing that long tradition of excellence, leveraging U.S. Bank’s strengths to further enhance the services it provides customers through its dealer clients.”

Hyatt is based in Cincinnati.