The Minneapolis/St. Paul Business Journal has named U.S. Bancorp President and CEO Richard Davis as Executive of the Year. The publication cited Mr. Davis' "commitment to solid banking principles," which helped U.S. Bank sidestep the subprime meltdown, and his plan to leverage the bank's elevated status. "This isn't your grandfather's bank anymore," said Steve Bartlett, president and CEO of The Financial Services Roundtable. "U.S. Bank is highly respected, and their success has come from their conservative values. That's a tribute to Richard's character."