U.S. Bancorp (NYSE:USB) is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. The company provides banking, lending, payment, investment, and wealth management services to individuals, businesses, government entities, and institutional clients.
Through U.S. Bank, its principal subsidiary, U.S. Bancorp offers checking and savings accounts, credit cards, mortgages, consumer and business loans, commercial banking, treasury management, investment services, and financial planning. Its payment services business supports merchant acquiring, payment processing, corporate cards, and related technology solutions through operations that include Elavon.
U.S. Bancorp traces its history to the 19th century and has grown through a combination of organic expansion and bank acquisitions. Its branch-based banking operations are concentrated primarily in the Midwest and Western United States, while its payment, corporate banking, wealth management, and digital services reach customers nationwide and, in some areas, internationally. Gunjan Kedia serves as president and chief executive officer, while former CEO Andrew Cecere serves as executive chairman.
