U.S. Bancorp
News and overview for U.S. Bancorp
Hudson City Bancorp, Inc. To Present at the 2009 FBR Capital Markets Fall Investor Conference [Press Release]
PRNewswire | 9 hours 19 minutes ago
...available through Hudson City Bancorp, Inc.'s website, www...March 1, 2010. Hudson City Bancorp, Inc. is the parent company...ranked in the top twenty five U.S. financial institutions by...Investor Relations, Hudson City Bancorp, Inc.,+1-201-967...
Fitch Downgrades Citizens Republic Bancorp; Outlook Negative [Press Release]
Business Wire | 7 hours 2 minutes ago
Fitch Ratings has downgraded the long-term Issuer Default Ratings (IDRs) for Citizens Republic Bancorp, Inc. (CRBC) and its principal banking subsidiaries to 'B' and 'B+', respectively. The short-term ratings of 'B' are affirmed. Fitch has affirmed the individual rating for CRBC at 'D/E' and lowered the individual ratings for the principal subsidiaries to 'D/E' from 'D'. The Rating Outlook is Negative. A complete list of ratings is provided at the end of this release.
Anointed by FDIC, East West Bancorp surges - MarketWatch
MarketWatch | 15 days 8 hours 46 minutes ago
Fred Hu, managing director of Goldman Sachs Group, talks about the biggest challenge in China's recovery, at the China Financial Markets conference. He also discusses what China needs to do to sustain its growth.
Flagstar Bancorp loss widens; CEO named chairman - MarketWatch
MarketWatch | 21 days 22 hours 32 minutes ago
FBC
Hudson City Bancorp earnings up 10.8% - MarketWatch
MarketWatch | 34 days 17 hours 14 minutes ago
HCBK
Private Bancorp posts wider loss, names new COO - MarketWatch
MarketWatch | 29 days 18 hours 33 minutes ago
PVTB
U.S. Bank Offers Visa Mobile Application to Cardholders [Press Release]
Business Wire | 6 days 8 hours 24 minutes ago
U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB) and Visa (NYSE:V), a global leader in payments, announced that Visa Mobile is now available to select U.S. Bank debit card holders. Visa Mobile is the first application to bundle alerts, offers, and a locator service. The alerts provide an added layer of security plus enable cardholders to manage their U.S. Bank Visa accounts with near-real time updates. The application can be downloaded to mobile devices powered by Android, the Open Handset Al...
U.S. Bancorp's Davis urges prudence in reform
The Financial Services Roundtable SmartBrief | 23 hours 47 minutes ago
...will be with them through the cycle," said Mr. Davis, who is chairman, president and chief executive officer of U.S. Bancorp. In his new role, Mr. Davis said, he would work to make sure regulatory reform is prudent. "We shouldn't make...
The Bancorp Bank and InsurCard Team Up to Issue The InsurCard Visa Prepaid Card for Franklin Mutual Insurance [Press Release]
Business Wire | 6 days 16 hours 47 minutes ago
The Bancorp Bank Payment Solutions Group, a division of The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), today announced that The Bancorp, in collaboration with InsurCard, has joined with Franklin Mutual Insurance in New Jersey to offer a program which gives Franklin Mutual home insurance policyholders quick access to insurance claims funds. InsurCard is a payment vehicle designed specifically for the distribution of insurance payments.
Big Shakeup Among Ranks of Top-10 Lenders [Press Release]
PRNewswire | 1 day 11 hours 47 minutes ago
...in about 17% worse. No. 5 U.S. Bancorp was down just 9% -- the best...quarter report. Fifth Third Bancorp, which didn't rank among the...Wells 3. JPMorgan 4. GMAC 5. U.S. Bancorp 6. Citigroup 7. SunTrust Banks...
U.S. Bancorp to Present at the Bank of America Merrill Lynch 2009 Banking & Financial Services Conference [Press Release]
Business Wire | 20 days 8 hours 47 minutes ago
U.S. Bancorp (NYSE: USB) announced today that Richard K. Davis, chairman, president and chief executive officer, is scheduled to present at the Bank of America Merrill Lynch 2009 Banking & Financial Services Conference. The presentation will begin at 3:25 p.m. EST on Tuesday, November 10, 2009, at the Grand Hyatt Hotel in New York City. The presentation will include information about U.S. Bancorp's financial performance and corporate strategies.
Plumas Bank and Heit Announce Strategic Partnership [Press Release]
MarketWire | 6 hours 14 minutes ago
QUINCY, CA -- (Marketwire) -- 11/24/09 -- Plumas Bank recently announced a strategic partnership with HEIT, a national technology management firm that provides managed performance, compliance, and security services for forward-thinking financial institutions.
First Financial Bancorp Reports Third Quarter 2009 Earnings & Financial Results [Press Release]
PRNewswire | 19 days 47 minutes ago
CINCINNATI, Nov. 5 /PRNewswire-FirstCall/ --
U.S. Bancorp Will Exit the FDIC s Transaction Account Guarantee Program [Press Release]
Business Wire | 22 days 8 hours 52 minutes ago
U.S. Bancorp (NYSE: USB) announced today that its banking subsidiaries, U.S. Bank National Association and U.S. Bank National Association ND, will opt-out of the six-month extension of the Transaction Account Guarantee Program (TAGP). The current program, which is in effect through December 31, 2009, provides full insurance coverage from the FDIC on noninterest-bearing transactional accounts with balances greater than $250,000. Effective January 1, 2010, FDIC insurance will be limited to $250...
Presidio Bank Announces Expansion to Palo Alto and Increased Capital to Fund Growth [Press Release]
Business Wire | 18 hours 39 minutes ago
Presidio Bank (OTCBB:PDOB) today announced that it will be opening a new office in downtown Palo Alto to serve businesses in the important Mid-Peninsula market. The Bank has signed a lease for office space at 325 Lytton Avenue in Palo Alto and plans to open in the first quarter of 2010.
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Company Overview
| Company: | U.S. Bancorp |
|---|---|
| Industry: | Superregional Banks |
| Website: | http://www.usbancorp.com |
Not quite a bank for the entire US, U.S. Bancorp has more than 2,900 locations and 5,000 branded ATMs in two dozen midwestern and western states. The bank holding company, one of the 10 largest in the country, owns U.S. Bank and other subsidiaries that provide consumer and commercial banking, as well as credit card and ATM processing, mutual funds, mortgage banking, brokerage, wealth management, equipment leasing, trust services, corporate payments, and insurance. In 2009 the company acquired the nine banking subsidiaries of the failed FBOP Corporation; the FDIC-assisted transaction added some 150 locations in Arizona, California, Illinois, and Texas to U.S. Bank's network.
Key Numbers
| Sales in U.S. Dollars (mil.) | 14,543 (2008) |
|---|---|
| One-year % Growth in Sales | 4.9 (2008) |
| Net Income in U.S. Dollars (mil.) | 2,946 (2008) |
| One-year % Growth in Net Income | -30.9 (2008) |
| Number of Employees | 57,000 (2008) |
| One-year % Growth in Number of Employees | 5.6 (2008) |
| Fiscal Year-End | December |
