U.S. Bancorp, Minneapolis, has hired Tim Welsh as vice chairman of consumer banking sales and support. Welsh, most recently a senior partner at consulting firm McKinsey & Co., will start on July 10 and report to CEO Andy Cecere.

Welsh specialized in financial services and consumer experience at McKinsey. Welsh is also board chairman for Greater Twin Cities United Way, president of the board of trustees at St. Paul Academy and Summit School, and a past chairman of the board for Greater MSP.

Insignia Systems finance director resigns

Insignia Systems Inc., Brooklyn Park, reported that Mark Cherrey has resigned his position of director of finance and controller.