A Strong Future
We are always mindful of how much we owe to history and the pioneers of the American banking system, countless courageous souls who first made banking available in villages, small towns and growing cities across the heart of this nation in the 19th century. But today we focus on the future — a strong future — as an innovative company with a well-diversified business model, prudent risk management and an ability to produce consistent, predictable, repeatable results.
U.S. Bancorp (NYSE: USB) is a diversified financial services holding company and parent company of U.S. Bank National Association, the nation’s fifth-largest commercial bank with $354 billion in assets at December 31, 2012. U.S. Bancorp was named Fortune magazine’s 2012 Most Admired Superregional Bank.
Headquartered in Minneapolis, U.S. Bancorp is recognized for strong financial performance, prudent risk management, capital generation, product quality, customer service and community support. U.S. Bancorp provides a wide range of financial services for consumers, businesses, government entities and other financial institutions. Among its primary businesses are regional consumer and business banking and wealth management services; national wholesale banking, commercial real estate and trust services; and global payments services to more than 17.6 million customers.
At year end 2012, the company operated 3,084 banking offices and 5,065 ATMs in 25 states. U.S. Bank was founded in 1863 under national Charter #24 and is one of the nation’s oldest banks operating under its original charter. The company will celebrate its sesquicentennial in 2013. U.S. Bancorp has approximately 66,000 employees.