U.S. Bancorp
U.S. Bancorp
U.S. Bancorp with nearly 70000 employees and $554 billion in assets as of December 31 2020 is the parent company of U.S. Bank National Association the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams branches and ATM network with digital tools that allow customers to bank when where and how they prefer.
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With tougher capital requirements looming, a number of regionals including U.S. Bancorp, Huntington and Santander are using these new instruments to share risk with nonbank investors and lighten their capital load. Experts point out the pros and cons.
February 1 -
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Across the industry, the pace of branch shutdowns slowed this year. Still, large financial institutions continued to trim their physical footprints, with two super-regional banks taking the most aggressive actions.
December 15 -
Companies like U.S. Bancorp have found ways to apply the information they use to serve thin-file applicants to small-business owners and other borrowers.
March 24 -
The industry legend turned around a struggling Minneapolis company and even escaped a kidnapping to build the firm that is now the nation’s fifth-largest bank.
January 28 -
The Minneapolis company said 75% transactions have been handled online since the pandemic hit.
July 15 -
Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.
June 11 -
JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with 200 state-chartered banks and credit unions, have agreed to let borrowers skip payments for 90 days if their finances have been upended by the pandemic.
March 25 -
The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy.
October 16 -
The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees.
October 16