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 $USB News
GOP AGs put a major US bank on notice for alleged 'de-banking' of conservatives
Over a dozen Republican attorneys general are warning a major U.S. bank against alleged practices of “de-banking" certain ...
Indiana AG blasts Bank of America's alleged discriminatory behavior: 'You can't just pick and choose'
Indiana Attorney General Todd Rokita weighs in on the alleged behavior from Bank of America and its impact of free speech in ...
State financial officers put Bank of America on notice for allegedly 'de-banking' conservatives
A group of 15 state financial officers penned a letter to Bank of America, warning it against discriminating against ...
15 AGs put BofA on notice for ‘de-banking’ conservatives
Your discriminatory behavior is a serious threat to free speech and religious freedom, is potentially illegal, and is causing political and regulatory backlash,” alleged Kansas Attorney General Kris ...
Kris Kobach says Bank of America is de-banking conservative accounts. Here's what it means
Kansas AG Kris Kobach, and 14 others, claim Bank of America is discriminating against conservative and Christian firms.
US postpones decision on aid to Israeli army battalion accused of abuses against Palestinians
Secretary of State Antony Blinken says the U.S. has determined that an Israeli military unit committed grave human-rights ...
US says it's reviewing new information about Israeli unit accused of abuses before Gaza war
Secretary of State Antony Blinken says the U.S. has determined that an Israeli military unit committed gross human-rights ...
Stock market today: Asian benchmarks mostly climb despite worries about US economy
Asian shares are mostly higher despite worries about the economic outlook and inflation in the U.S. and globally. Benchmarks ...
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, according to IMF data.
'He's very pale': Woman arrested after taking dead uncle to bank to take out a loan, reports say
Souza Vieira Nunes was arrested in the incident caught on video by Brazil bank employee. "He doesn't look well," one teller ...
De novo no more: Central Ohio bank hires president, grows SBA team as startup period ends
A Central Ohio bank has hired a president and greatly increased its small-business lending capacity as it exits the federal ...
EDF sparks US bond market amid blackout gloom
EDF sold a $650m five year at 105bp over Treasuries, a $650m 10 year at 135bp and a $750m 40 year at 185bp. After attracting ...
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