Thursday, June 29th 2017

USB - US Bancorp


U.S. Bancorp (NYSE:USB) roots are traced back to 1863 or 1864 in Minneapolis, Minnesota, with its other lineage coming from the United States National Bank of Portland, which was founded in 1891.

U.S. Bancorp is a bank and financial holding company, is considered by many as one of the better run banks in the United States.

The company has five major business lines, which include Wholesale Banking, Consumer Banking, Wealth Management & Securities Services, Payment Services, and Treasury and Corporate Support.

Some major acquisitions have been Downey Savings & Loan Assn FA, Pomona First Fed Bk & Tr, the mutual fund administration and accounting servicing division of Fiduciary Management, Inc., the bond trustee business of First Citizens Bank, the Nevada banking operations of BB&T Corp., and nine subsidiary banks from the FDIC.

U.S. Bancorp had almost 2,800 branches and over 5,100 ATMS as of 2009.

The company is headquartered in Minneapolis, Minnesota.
Company Name:
US Bancorp
Stock Symbol / Ticker:
USB
  Country:
United States

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