U.S. Bank has named a new Orange County market president to oversee its commercial banking team here.

Joseph Hensley succeeds William Cave, who retired earlier this year, and will be based in the bank’s Newport Beach office. Hensley’s group serves local businesses with revenues ranging from $10 million to $500 million.

Hensley has been at the Minneapolis-based bank since 2007, most recently as commercial banking relationship manager in Louisville, Ky. He has spent more than 30 years in the banking industry.

U.S. Bank was No. 5 on the Business Journal’s 2013 list of commercial banks here, a ranking based on OC deposits. The bank had about $3.8 billion in deposits as of June 2012. The total has grown to about $3.9 billion in deposits as of this June. U.S. Bank has more than 1,100 employees across its 75 branches here.