John C. Stern
Summary
John C. Stern has been U.S. Bancorp’s chief financial officer since 2023 and has worked at the company since 2000. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=8b17b850-de5b-434e-8018-d16aab1c0896))
Biography
Stern is vice chair and chief financial officer of U.S. Bancorp, where he has worked since 2000. Before becoming head of finance in 2023, he served as president of the company’s Global Corporate Trust and Custody business from 2021 to 2023 and as corporate treasurer from 2013 to 2021. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=8b17b850-de5b-434e-8018-d16aab1c0896)) His career at U.S. Bancorp has included progressively broader finance and operating responsibilities. Stern earned a bachelor’s degree in finance from the University of Minnesota and an MBA from the University of St. Thomas. He also serves on the boards of Greater MSP and the University of Minnesota Carlson School of Management Board of Advisors. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=8b17b850-de5b-434e-8018-d16aab1c0896))
Notable achievements
- Built a long internal career spanning more than two decades at U.S. Bancorp, including senior treasury, operating and finance roles. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=8b17b850-de5b-434e-8018-d16aab1c0896))
- Served as corporate treasurer from 2013 through 2021, one of the company’s key balance-sheet and funding leadership positions. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=8b17b850-de5b-434e-8018-d16aab1c0896))
- Led the Global Corporate Trust and Custody business from 2021 to 2023 before becoming CFO. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=8b17b850-de5b-434e-8018-d16aab1c0896))
- Has been responsible for the company’s finance function during the preparation and certification of its 2025 annual report. ([sec.gov](https://www.sec.gov/Archives/edgar/data/36104/000003610426000011/a2025exx32certificationofc.htm?utm_source=openai))
- Supported the company’s financial planning for the BTIG acquisition, which was structured with cash, stock and contingent consideration. ([ir.usbank.com](https://ir.usbank.com/news-events/news/news-details/2026/U-S--Bancorp-to-Acquire-BTIG/default.aspx))
Problem areas / controversies
- There is little public evidence of personal controversy or regulatory action involving Stern; the main disclosed challenges relate to U.S. Bancorp’s company-wide financial, compliance and risk controls. ([ir.usbank.com](https://ir.usbank.com/governance/board-of-directors/person-details/default.aspx?ItemId=8b17b850-de5b-434e-8018-d16aab1c0896))
- U.S. Bank paid a $37.5 million CFPB penalty and provided consumer redress over unauthorized accounts and credit applications; the order was terminated in August 2025, and public regulators did not attribute the conduct to Stern personally. ([consumerfinance.gov](https://www.consumerfinance.gov/enforcement/actions/us-bank-national-association/))
- The BTIG transaction requires disciplined capital allocation and integration, with disclosed risks including potential dilution, regulatory conditions and failure to realize expected benefits. ([ir.usbank.com](https://ir.usbank.com/news-events/news/news-details/2026/U-S--Bancorp-to-Acquire-BTIG/default.aspx))