US Bancorp provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions.
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26 Facts About US Bancorp
2.
In March 1998, U S Bancorp announced the pending acquisition of the Vancouver, Washington-based Northwest Bancshares with its 10-branch offices Northwest National Bank subsidiary for an undisclosed amount.
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3.
The acquisition was completed in December 1998 after U S Bancorp sold the request banking office to Centennial Bank of Eugene.
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4.
In February 1999, U S Bancorp announced the pending acquisition of the San Diego-based Bank of Commerce with its 10 branch offices for $314 million in stock.
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5.
In May 1999, U S Bancorp announced the pending acquisition of the Newport Beach, California-based Western Bancorp with its Santa Monica Bank and Southern California Bank subsidiaries and a total of 31 branch offices for $904 million in stock.
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6.
In September 1999, U S Bancorp announced the pending acquisition of the San Diego-based Peninsula Bank with its 11 branch offices for $104 million in stock.
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7.
In June 2000, U S Bancorp announced the acquisition of the San Diego-based Scripps Financial Corporation with its nine-branch office Scripps Bank subsidiary for $155 million in stock.
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8.
In July 2002, U S Bancorp announced the pending acquisition of all 57 retail banking branches of the San Mateo, California-based Bay View Bank from its Bay View Capital Corporation parent for $429 million.
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9.
On New Years Day 2003, John Grundhofer retired as chairman of U S Bancorp and handed the position to his younger brother Jerry Grundhofer, who added the title of chairman to his other positions of president and chief executive officer in the corporation.
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10.
In May 2004, U S Bancorp announced that it was acquiring the $34 billion corporate trust bond administration business from National City Corporation.
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11.
In November 2005, U S Bancorp announced that it was acquiring the $410 billion corporate trust and institutional custody businesses of Wachovia Corporation for $720 million in cash.
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12.
In July 2006, U S Bancorp announced that it was acquiring the $123 billion municipal and corporate bond trustee business from SunTrust.
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13.
In June 2006, U S Bancorp announced the pending acquisition of the Avon, Colorado-based Vail Banks Inc with its WestStar Bank subsidiary and 23 locations for $98.
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14.
In November 2006, U S Bancorp announced that it was acquiring the $30 billion municipal bond trustee business from LaSalle Bank.
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15.
In November 2006, U S Bancorp announced the pending acquisition of the Great Falls, Montana-based United Financial Corporation with its Heritage Bank subsidiary for $71 million in stock.
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16.
In March 2008, the U S Bancorp announced the pending acquisition of the seven-office Los Angeles-based Mellon 1st Business Bank from the Bank of New York Mellon for an undisclosed amount in cash.
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17.
Weeks earlier, U S Bancorp has entered into acquisition talks with National City Corp.
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18.
In July 2010, U S Bancorp sold its FAF Advisors subsidiary to Nuveen Investments for $80 million and a 9.
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19.
In 2010, Huntington Bancshares announced it would take over the leases of bank branches inside Giant Eagle locations in Ohio, largely replacing U S Bancorp but replacing branches from FirstMerit Corporation and Citizens Financial Group; the deal didn't affect Citizens branches inside Giant Eagle locations in Pennsylvania.
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20.
In January 2011, U S Bancorp acquired the assets and deposits of the failed First Community Bank of New Mexico in a transaction facilitated by the FDIC for an asset discount of approximately $380 million.
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21.
In March 2013, U S Bancorp announced that it was acquiring the $57 billion municipal bond trustee business from Deutsche Bank.
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23.
In January 2017, U S Bancorp announced that chairman and CEO Richard Davis was going to hand over his CEO position to president and COO Andrew Cecere in April 2017 while remaining as chairman.
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24.
US Bancorp's was fired from her job for violating company policy, but rehired after an investigation prompted by an article from Nicolas Kristof was published in The New York Times.
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25.
US Bancorp rebuilt the damaged branch location at 919 East Lake Street and donated the property at 2800 East Lake Street for redevelopment as an affordable housing project.
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26.
In May 2022, US Bancorp announced a five-year community benefits plan, developed in coordination with the NCRC and the CRC as part of the planned acquisition of MUFG Union Bank.
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