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February 27 2013

Rick Hartnack: Dedicated Banker, HOPE Supporter, Friend and Silver Rights Ambassador

Los Angeles, CA -- February 27, 2013 – Longtime supporter, partner, national board member and friend Richard “Rick” Hartnack has announced his retirement. As he ends his term as Vice Chairman of the Consumer Banking Group US Bancorp, he steps down from the HOPE National Board and into the next chapter in his life. HOPE salutes his 19 years of service.

In 1994, just a few years after the organization's founding, Operation HOPE first came to Mr. Hartnack's attention.  As Vice Chairman for Union Bank, he would not sign off on any grant greater than $25,000 for an organization that he did not personally visit.

The first community office, the Operation HOPE Vision Center, located in Leimert Park was the beginning of a larger dream.  His visit to the first community office would be the start of a long-term relationship of respect and mutual admiration.  The visit was enough to satisfy his criteria and confirm that the work we were doing in the community was worthwhile. For HOPE, it was a giant step towards cementing the importance of our "silver rights" mission of financial literacy and dignity in the community.

In 1997, Mr. Hartnack decided to roll up his sleeves and join the National Board of Directors to help promote and shape HOPE initiatives. During his tenure on the board he served as Vice Chairman of the National Board and as a member of the Executive Committee.  

Mr. Hartnack was also key in the partnership that joined Union Bank, Nix Check Cashing and Operation HOPE in a unique alliance to create services for adult and youth financial services in underserved communities.  In 2000, this trifecta brought a new and innovative financial services model to the inner city, and helped groom low-to-moderate clients to become stakeholders in the community.

In 2010, under Mr. Hartnack’s leadership as Vice Chairman, U.S. Bancorp committed $1.75 million over five years to support the HOPE Center in Maywood and other HOPE initiatives as part of the Financial Services Roundtable Framework Agreement.

Last November, in celebration of HOPE’s 20th Anniversary, Mr. Hartnack participated at the HOPE Global Financial Dignity Summit in Atlanta to speak and co-chair a working group. His extremely successful session focused on “The Mortgage Crisis, The New Ownership Opportunity.”

For Mr. Hartnack, banking came honestly. His father Carl Hartnack was a legend in banking, growing and building what was then Security Pacific Bank in California. Today, Mr. Hartnack builds on his father's deep legacy, establishing himself as one of the most respected and 10 best 'community bankers' in the nation.  

At U.S. Bancorp, Mr. Hartnack was responsible for metropolitan banking, community banking, 24-hour banking and financial sales, home mortgage, consumer lending and finance, in-store and corporate on-site banking, business equipment finance, small business banking, workplace and student banking, SBA lending, retail bank operations, corporate marketing and quality, U.S. Bancorp Investments and U.S. Bancorp Insurance.

Mr. Hartnack joined U.S. Bancorp in April 2005 from Union Bank of California, where he had served as vice chairman, director and head of the community banking group since 1991. Prior to that, he ran community banking as executive vice president at First Chicago and was in charge of corporate banking at First Interstate Bank of Oregon, where he began his banking career in 1971.

A native of Los Angeles, Mr. Hartnack earned a bachelor’s degree in economics from UCLA and a master’s degree in business administration from Stanford University. He also is a graduate of the Strategic Marketing Management program at the Harvard Business School. Mr. Hartnack also served as a Captain in the U.S. Marine Corps and was awarded 14 Air Medals and the Navy Commendation Medal with Combat 'V'. He flew 220 combat missions during his military career.

Mr. Hartnack and his wife, Dail, live in Minneapolis. They have three grown children.

Mr. Hartnack has distinguished himself as an authentic and consistent leader who cares, gives, serves and empowers others. Please take a trip down memory lane, as we reflect fondly on his time with HOPE over the years.  

We are honored to have had the time and attention of Rick Hartnack. The work that he has done to further HOPE’s “silver rights” mission will long be remembered and he will always be a cherished member of the Operation HOPE family.