U.S. Bancorp
From Wikipedia, the free encyclopedia
| U.S. Bancorp | |
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| Type | Public (NYSE: USB) |
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| Founded | Portland, Oregon (1890) |
| Headquarters | Minneapolis, Minnesota |
| Key people | Jerry Grundhofer, Chairman of the Board Richard K. Davis, President, CEO |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Employees | 51,377 |
| Slogan | Other Banks Promise Great Service, U.S. Bank Guarantees It. |
| Website | www.usbank.com |
U.S. Bancorp (NYSE: USB) is a financial services holding company, headquartered in Minneapolis, Minnesota. Its retail division is U.S. Bank, the sixth-largest bank in the United States based on holdings.
U.S. Bancorp was number 131 in the Fortune 500 list of major U.S. companies for 2006.
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[edit] History
The bank has developed from a number of mergers, beginning with Milwaukee Firstar Corporation acquisition of the original U.S. Bancorp (originally headquartered in Portland, Oregon) in 1997. Firstar Bank then acquired U.S. Bancorp in 2000, following two other mergers in 1999 when it merged with Star Bank (formerly First National Cincinnati) of Cincinnati, Ohio, and then bought Mercantile Bancorporation of St. Louis, Missouri five months later.
Other banks that were bought by Firstar (originally known as First Wisconsin National Bank before 1988) include Banks of Iowa, Federated Bank, First Colonial Bankshares Corporation, and Investors Bank. Banks bought by Mercantile Bancorporation include Mark Twain Bancshares, Firstbank of Illinois, Hawkeye Bancorporation, and Ameribanc. Star Bank Corporation bought Great Financial Bank, and US Bancorp bought West One Bancorp.
[edit] Coverage
U.S. Bancorp has locations in Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Massachusetts, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming. It has some operations in Canada as well.
[edit] Subsidiaries
Former subsidiaries include Piper Jaffray NYSE: PJC, which became an independent, publicly held company following its spin-off from U.S. Bancorp on December 31, 2003.
[edit] Namesakes
The U.S. Bank Tower in Los Angeles is named for this company, as is the US Bancorp Tower in Portland, Oregon, the U.S. Bank Tower in Cincinnati, Ohio, the U.S. Bank Center in Milwaukee, WI, U.S. Bank Arena in Cincinnati, Ohio, U.S. Bank Plaza in St. Louis, Missouri, and the U.S. Bank Center in Saint Paul, MN. More recently the U.S. Bank Tower in Sacramento, California.
[edit] External links
| Commercial banks in the United States |
|---|
| Apple Bank • Arvest Bank • Bank of America • Bank of the West • BB&T • Capital One Bank • Chase • Citibank • Citizens Bank (Rhode Island)/ Charter One • Citizens Bank (Michigan) • Comerica • Commerce Bank • Commerce National • Compass Bank • Fifth Third Bank • First Tennessee Bank • Harris Bank • HSBC • Huntington • Key Bank • LaSalle Bank/LaSalle Bank Midwest • M&T Bank • Marshall & Ilsley • National City • North Fork Bank • PNC Bank • RBC Centura • Regions Bank • Sovereign Bank • SunTrust Bank • TCF Bank • TD Banknorth • Union Bank of California • U.S. Bank • Wachovia • Washington Mutual • Wells Fargo • Zions Bancorp |
| Minnesota-based Corporations |
|---|
| Minnesota-based Fortune 500 Corporations (by size): Target Corporation | UnitedHealth Group | Best Buy | Travelers | 3M | Supervalu | U.S. Bancorp | Northwest Airlines | CHS | General Mills | Medtronic | Xcel Energy | Land O'Lakes | Thrivent Financial for Lutherans | C. H. Robinson Worldwide | Hormel | Nash Finch | Ecolab | The Mosaic Company |
| Minnesota-based Fortune 1000 Corporations (by size): Companies listed above, plus PepsiAmericas | Bemis Company | Pentair | St. Jude Medical | Alliant Techsystems | Valspar | Patterson Companies | Minnesota Life | Regis Corporation | Polaris Industries | Toro | Deluxe Corporation | Donaldson Company | Fastenal | H.B. Fuller | Federated Mutual Insurance | Ceridian |
| Major Minnesota-based non-public or externally owned corporations (alphabetically): Andersen Windows | Cargill | Carlson Companies | Dairy Queen | Musicland | Schwan Food Company |
