Kedia is in charge of roughly half of Minneapolis-based U.S. Bank's total deposits and about half of the lender's average loan balances. Her team includes 11,100 employees.

Kedia, 54, is set to take the helm of the nation’s largest regional bank in mid-April, becoming its first woman CEO. She became president in 2024 and was seen as a likely successor.

For days following Gunjan Kedia's promotion in early May to president of U.S. Bancorp, a steady stream of congratulatory notes and well wishes poured in from the different facets of her life. The ...