US Bank adds 60 middle market roles

U.S. Bank is expanding its middle-market banking team by adding 60 roles across the country, including in Florida, Texas, and California. The new personnel will support companies with $50 million to $1 billion in annual revenue.

The bank’s middle-market growth is a top priority, according to Hassan Salem, head of middle market for the U.S. Bank Institutional Client Group. Salem stated that the bank is adding experienced bankers to deepen support for clients and communities and increase market share.

Notably, the bank has no branch presence in Florida and Texas, where some of the new roles will be located. This move is part of the bank’s national business banking ambitions, with CEO Gunjan Kedia eyeing small-business segment growth in 2027.

A recent survey by U.S. Bank found that 71% of finance chiefs have a positive outlook on their business’ financial prospects over the next three years, up from 64% in the spring. This growth outlook is driving the bank’s middle-market investment, although the dollar amount was not disclosed.

U.S. Bank’s expansion is not unique, as other banks, such as KeyBank, have also bolstered their middle-market teams this year. KeyBank added a five-person team in Atlanta in March, following launches in Chicago, Southern California, and the Kansas City area.

Salem emphasized the importance of pairing strong local relationships with the full strength of U.S. Bank, saying “being close to clients matters, but proximity alone isn’t enough.” They aim to understand where clients want to go, bring them the right expertise, and execute for them every day.