About the Company
U.S. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. As of 2019, it had 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. In 2023 it ranked 149th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S. U.S. Bancorp operates under the second-oldest continuous national charter, originally Charter #24, granted in 1863 following the passage of the National Bank Act. Earlier charters have expired as banks were closed or acquired, raising U.S. Bank's charter number from #24 to #2. The oldest national charter, originally granted to the First National Bank of Philadelphia, is held by Wells Fargo, which was obtained upon its merger with Wachovia.
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Latest $FNWB News
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First Merchants Bank has named a new market president for Northwest Indiana. The Muncie-based bank, the second largest in ...
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First Community Bank recently appointed Craig Boone as senior vice president and regional trust manager. Boone will be ...
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Kenneth Kelly, CEO First Independence Bank Detroit, named 2024 Banker of Year by Michigan Bankers Association. led operations ...
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First Bancorp (NASDAQ:FBNC) just reported results for the first quarter of 2024.First Bancorp reported earnings per share of ...
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