On January 30, San Antonio-based USAA Federal Savings Bank’s board of directors announced the appointment of Michael Moran as bank president. Moran, who has been serving as the interim president, brings more than two decades of banking experience and a strong commitment to the mission of serving the military community and their families.

Before moving into the interim role, Moran held several key roles at USAA Bank, including senior vice president/chief financial officer and as head of the business finance, pricing and financial planning and analysis area.

Prior to joining USAA, Moran spent nearly a decade at Key Bank, advancing through a number of leadership roles, including senior vice president and chief financial officer of the bank’s real estate capital division. He also served as senior vice president and head of finance, pricing and financial planning and analysis. Moran holds a bachelor’s degree in economics from Central Michigan University.

USAA President and CEO Wayne Peacock, who previously announced his retirement and will be succeeded by Juan C. Andrade as CEO, shared his excitement about 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 past four years.”

Established in 1922 by a group of military officers, USAA serves more than 13.5 million members of the U.S. military. It has offices in eight U.S. cities and three overseas locations.