USAA Bank Appoints Michael Moran as President

Michael Moran, President, USAA Bank ・ Photo Credit: USAA Bank

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SAN ANTONIO, January 30, 2025 (VSNewsNetwork.com) — Financial services company USAA Bank has announced the appointment of Michael Moran as bank president. Moran, who had been serving as interim president, has over two decades of experience in banking and has held multiple leadership roles within the company.

Moran previously served as senior vice president and chief financial officer at USAA Bank and led the business finance, pricing, and financial planning and analysis division. Before joining USAA, he spent nearly a decade at Key Bank, where he held leadership roles, including senior vice president and chief financial officer of the bank’s Real Estate Capital division. He holds a bachelor’s degree in economics from Central Michigan University.

"I am incredibly honored to serve as the president of USAA Bank. Our team will remain focused on building the Bank’s financial strength, enabling us to provide our members with the competitive products and exceptional service they deserve. USAA’s mission is one of a kind and I look forward to advancing the capabilities of this great association," said Moran.

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Brad Conner, executive chairman of USAA Bank, expressed confidence in Moran’s leadership. "In the interim role, Michael has helped inspire our teams to enhance the member experience while focusing on our most important areas. His passion for our mission and steadfast dedication to members and colleagues is evident in every action he takes. I am confident he is the right leader to guide the Bank forward and he has the full support of the Board," said Conner.

USAA President and CEO Wayne Peacock, who is set to retire and be succeeded by Juan C. Andrade as CEO, also commented on Moran’s appointment. "I’ve seen firsthand Michael’s passion for our mission and his commitment to our members and teammates. He also has Juan’s full support, who has observed Michael’s leadership as a member of USAA’s Board of Directors the last four years. We both know he's the right leader to continue the Bank’s momentum and take great care of military families," said Peacock.

For more information, visit www.usaa.com.

Source: USAA

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