U.S. Bank hires Rex Rudy as head Commercial Real Estate Division

Veteran Rex Rudy who has more than 20years of experience in the industry has been hired by U.S. Bank to head its commercial real estate division, succeeding Joe Hoesley, who retired in March. Rudy most recently serves as managing director and group head of real estate investment trust (REIT) finance at Wells Fargo.

Rex is an experienced commercial real estate banker with strong leadership skills and a proven record of driving growth. We’re pleased for him to join U.S. Bank,” said Richard Payne, vice chairman and head of U.S. Bank’s wholesale banking division. “We also congratulate Joe on his retirement and thank him for his 22-year career at U.S. Bank during which time he built our CRE division into a strong, national franchise.”

As division head, Rudy will oversee 350 employees in the bank’s 24 commercial real estate offices across the country. The division focuses on establishing long-term relationships with commercial real estate developers, REITs, and commercial property owners located across the United States.

“I am honored to join the U.S. Bank team with its world-class franchise and industry-leading reputation and performance. U.S. Bank has a long history in commercial real estate supported by a disciplined approach and focus on supporting our clients,” Rudy said.

Rudy will be based in Charlotte, a market in which U.S. Bank has grown tremendously in recent years. The bank now employs 350 people in the market, nearly double what it did in 2008. The expansion is largely the result of growth in the bank’s wholesale banking, corporate trust and compliance divisions.

Rudy earned bachelor’s and master’s degrees in business administration from Ohio State University. He and his wife, Lisa, have three children: Connor, Cameron and Kristin.