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Richard B. Payne, Jr.

Director since 2019

Former Vice Chair, Wholesale Banking, U.S. Bancorp

Mr. Payne served as vice Chair, Wholesale Banking, of U.S. Bancorp from November 2010 until he retired in April 2016, and as vice Chair, Corporate Banking, at U.S. Bancorp from July 2006 to November 2010. As vice Chair, Wholesale Banking, Mr. Payne had responsibility throughout the United States for U.S. Bank’s national corporate banking, commercial banking, capital markets, commercial real estate, financial institutions, equipment finance, global treasury management, government and non-profit banking, leveraged lending, specialty finance, and high-grade fixed income businesses. During his time at U.S. Bancorp, Mr. Payne was a member of the managing committee and other senior management committees, the U.S. Bank Foundation and U.S. Bancorp's "Proud to Serve" Veterans network. He also was a board member of the Securities Industry and Financial Markets Association and a member of the Financial Services Roundtable.

Prior to joining U.S. Bancorp, Mr. Payne served as executive vice president for National City Corporation, with responsibilities for capital markets, from 2001 to 2006. He served from 1999 to 2001 as a managing director, Forest and Paper Products, for First Union Corporation (a Wells Fargo predecessor) and in various roles of increasing responsibility in corporate banking at NationsBank Corporation and NCNB Corporation (Bank of America predecessors) from 1991 to 1999. He also worked in the corporate finance group at Morgan Stanley, and was head of the multinational and agribusiness groups, and staff assistant to the Chair and CEO, at Chemical Banking Corporation (a JPMorgan Chase predecessor).

Prior to his banking career, Mr. Payne served for over two years as a supply officer in the U.S. Navy.

Wells Fargo Board Committee: Risk Committee and Wells Fargo Bank, N.A. Board of Directors