U.S. Bancorp

U.S. Bancorp is an American diversified financial services holding company headquartered in Minneapolis, Minnesota. It is the parent company of U.S. Bank National Association, the seventh largest bank in the United States based on $416.0 billion in assets (as of September 30, 2015 per official FDIC data) and fourth largest in the US in total branches. U.S. Bank ranks as the fifth largest bank in the U.S. based on deposits, with $263.7B in deposits as of June 30, 2014. U.S. Bank's branch network serves 25 Midwestern and Western states with 3,151 banking offices and 5,001 ATMs. U.S. Bancorp offers regional consumer and business banking and wealth management services, national wholesale and trust services and global payments services to over 15.8 million customers. The company employs over 65,000 people.

U.S. Bank is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury.

History

Foundations

U.S. Bank was formed during the 1990s through the acquisitions of several major regional banks in the West and Midwest. Those banks, in turn, had grown from the mergers of numerous smaller banks throughout the years. Since 1988 U.S. Bank has acquired or merged with over 50 banks.