Harris Private Bank has hired former US Trust market executive Mary Jo Herseth as head of depository and lending services for its high-net-worth and ultra-high-net-worth businesses.

In a career in banking that goes back nearly three decades, Herseth has held roles of increasing responsibility at a number of firms, most recently head of Bank of America's US Trust unit's business in Illinois and Michigan - a role she came to through Bank of America's purchase of LaSalle Bank in October 2007 (about three months after Bank of America acquire US Trust from Charles Schwab Corp.).

"Mary Jo brings tremendous market experience and leadership to Harris Private Bank based on long tenure in the Midwest and most specifically the Chicago marketplace," says Harris Private Bank's president and chief executive Terry Jenkins. "Her ability to drive new business is a perfect compliment to our growth plans across the country."

Harris Private Bank is part of Chicago-based Harris Bank, a subsidiary of Toronto-based BMO Financial.