Ongoing investments, initiatives and prudent management practices have given U.S. Bancorp a competitive advantage, allowing the Company to operate from a position of strength, scale, growth and profitability. This position creates advantages for our shareholders and investors, our customers, our employees and our communities — and supports the recovery and strength of our nation’s economy. We continue to manage, invest and innovate to further extend this advantage.
U.S. Bancorp, with assets of $364 billion at December 31, 2013, is a diversified financial services holding company and the parent company of U.S. Bank, the nation’s fifth-largest commercial bank.
In 2013, U.S. Bancorp was named Fortune magazine’s Most Admired Superregional Bank for the third consecutive year. U.S. Bancorp is headquartered in Minneapolis, Minnesota, and is recognized for delivering consistent, industry-leading financial results, practicing prudent risk management, generating high levels of capital and developing innovative services and delivery channels.
The Company offers a wide range of financial products and services through four major lines of business: Consumer and Small Business Banking, Wholesale Banking and Commercial Real Estate, Payment Services, and Wealth Management and Securities Services. U.S. Bancorp has 17.9 million customers and 67,000 employees.