Usbank hours

U.S. Bank, U.S. Bancorp Investments and their representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

For U.S. Bancorp Investments:

Investment products and services are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

For U.S. Bank:

U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Investments.

Mortgage and home equity products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

The creditor and issuer of U.S. Bank credit cards is U.S. Bank National Association, pursuant to separate licenses from Visa U.S.A. Inc., MasterCard International Inc. and American Express. American Express is a federally registered service mark of American Express.

Equal Housing Lender

Sours: https://www.usbank.com/locations/

U.S. Bank ReliaCard

Exclusively for use with your U.S. Bank ReliaCard®.
The U.S. Bank ReliaCard Mobile App delivers what mobile banking should be. Get more done with an enhanced experience, easier navigation, and help when you need it.
Fast and secure login.
• Simple log in using your unique username and password.
• Use your biometric info for a more convenient login experience.
• Don’t have a bank account? Enrolling is easy in the mobile banking app.
Simple account dashboard.
• Quickly view your card account balance.
• View recent transaction details with just a tap.
• Access commonly used features from the quick-action menu.
Helpful insights.
• Budgeting & spend tracking – review monthly statements and enhanced transaction details.
• Security & control – receive alerts on charges, low balances and real-time purchase notifications.
Secure card control.
• Activate your card, change your PIN, report a lost or stolen card or order a new card within the app.
• Get customized alerts on loads, purchases, new card mailings, and more.
Help when you need it.
• Explore the Help Center for answers to commonly asked questions.
The Fine Print:
U.S. Bank is committed to protecting your privacy and security. View our privacy pledge at usbank.com/privacy.
© 2020 U.S. Bank. Member FDIC.

Sours: https://play.google.com/
  1. Fab four light bar
  2. Hello chords piano
  3. Dish tv pack channel list
  4. Dead tree painting

U.S. Bank Careers

  • Treasury Management Sales Consultant 3 - Los Angeles
  • Technical Communications Consultant - Telecommute or Hybrid
  • Private Wealth Management Portfolio Manager North Carolina
  • Branch Compliance Manager - London - Elavon
  • Operations Manager 4 - Houston, TX
  • Key Management Product Owner
  • Telecommute, United States
  • Customer Acct Manager - German
  • Frankfurt am Main, Germany
  • Payment Solutions Market Manager
  • Machine Operator (Print Services) (M-F 11:00pm-7:30 am) - St. Paul, MN
  • Senior Structured Finance Analyst
  • Wealth Management Advisor
  • Ascent Business Development Manager
  • Business Technology Analyst 4 - Telecommute
  • Telecommute, United States
  • Senior Project Manager - Telecommute
  • Branch Manager 2 - Mexico, MO
  • Peak Time Client Relationship Consultant / Banker - Kirksville (19 hrs)
  • Peak Time Client Relationship Consultant - Kirksville (19 hrs)
  • Client Relationship Consultant / Banker 2 - 800 North Belt (40 hrs)
  • Client Relationship Consultant / Banker 1 - 23rd & Ridge Court (40 hrs)
  • Credit Approver - Liquid Asset Team - Minneapolis, MN or Portland, OR
  • Credit Analyst Manager (Team Lead) Minneapolis, MN or Portland, OR
  • Credit Analyst Manager (Team Lead) Minneapolis, MN or Portland, OR
  • Client Relationship Consultant (Banker) 2 - Stayton (25hr)
  • Client Relationship Consultant (Banker) 1 - Mount Angel (35hr)
  • Client Relationship Consultant (Banker) 3 - Victor (35hr)
  • Assistant Relationship Manager 1 - Agriculture - Lawrence, KS (40 hrs)
  • 2022 Fulltime Campus Hire – Marketing Specialist (June Start)
  • Client Relationship Consultant 3 (Banker) - Mankato Main, MN (35 hrs)
  • Client Relationship Consultant 4(Banker)Los Alamitos Ball, CA(40 Hours)
  • Client Relationship Consultant 2 (Banker) Florence, KY (40 hrs)
  • Software Engineer ( API/Microservices- Multiple locations)
  • Senior Product Manager, Digital Media
  • Senior Director, Performance Digital Marketing
  • Credit Analyst Wealth Management - Liquid Secured- Minneapolis, MN or Portland, OR
  • Elavon Sales Support Rep - Los Angeles/Orange County, CA
  • USBCDC - Affordable Housing Business Development Associate
  • USBCDC - Project Manager - LIHTC Funds
  • Software Engineer - Richfield, MN
  • Software Engineer - Richfield, MN
  • Peak Time Client Relationship Consultant - Parley's View (19hrs)
  • Client Relationship Consultant Banker 1 - Sheridan
  • Client Relationship Consultant (Banker) 1 - Pasco (25hr)
  • Full and Part-time Client Relationship Consultant Banker - Greater Salt Lake City Area
  • Peak Time Client Relationship Consultant / Banker - North Columbus Market (19 hours)
  • Client Relationship Consultant (Banker) 1 - Cannon Beach, OR (35hr)
Sours: https://usbank.wd1.myworkdayjobs.com/US_Bank_Careers
Shake and Steak employee making a milk shake

Food Services

Grab a snack or a quick coffee, or settle down for a meal with friends.

  • Gus-Deans Ice Cream
  • Jamba Juice
  • Panda Express
  • Starbucks
  • Taco Bell
  • Vending Machines
  • Steak & Shake
  • Subway
  • P.O.D. Market
  • SoHo Sushi Burrito
  • Wicked Eats

Visit UNLV Dining's website for menus, hours and specials.

US Bank

The US Bank in the Student Union is a full-service branch dedicated to financial responsibility and customer education. Services include:

  • Free student checking
  • Access to your banking account conveniently through your debit card
  • Free, unlimited Internet Banking with Bill Pay
  • Overdraft Protection
  • Free Text/Email Alerts (check with your mobile provider to ensure your service supports this option at no charge.)
  • Free Financial Consulting

Visit US Bank’s website for more information.

Location

Student Union Suite 119

Rebel Copy & Send

We are located on the first floor of the Student Union and provide a wide variety of printing and shipping services to students, alumni, faculty and staff. We accept cash, checks, credit cards, RebelCard and department work orders.

*Monday–Thursday: 8 a.m.–7 p.m.
Friday: 8 a.m.–5 p.m.
*Saturday: 10 a.m.–2 p.m.
Sunday: Closed

*Weekend, Winter Break, and Summer hours may vary.

Students at rebel copy & send opening

Printing

  • Black and White Copies
  • Color Copies
  • Banners
  • Binding
  • Brochures
  • Dissertation/Thesis printing
  • Faxing
  • Fliers
  • Journals
  • Laminating
  • Posters
  • Reports
  • Scanning
  • Wide-Format

Shipping

Supplies

  • Boxes
  • Envelopes
  • Packaging Supplies

Lifeline Travel

Lifeline Travel is located on the first floor of the Student Union. Our store inside UNLV offers travel services, cell phones, batteries, chargers, cables and a long list of inventory for all your smart devices and computer needs.

Store Hours

Monday-Friday: 10 a.m.-4 p.m.

Contact Information

702-526-1231

Lifeline Travel Website

Kiosk Services

We currently offer a photo printing kiosk where you can immediately get prints made there, or you can order other options online! Located near the POD market on the 1st floor.

Coming Soon

MobileQubes - cell phone battery rental and sales. Never be without the charge you need! Coming soon near the Information Desk on the 1st floor!

Sours: https://www.unlv.edu/studentunion/retail

Hours usbank

U.S. Bancorp

American bank holding company

"US Bank" redirects here. For other uses, see Bank of the United States.

U.S. Bancorp logo.svg
US Bancorp Center Minneapolis 1.jpg

U.S. Bancorp Center in Minneapolis, Minnesota; headquarters of U. S. Bancorp

Trade name

U.S. Bank
TypePublic

Traded as

NYSE: USB
S&P 100 Component
S&P 500 Component
ISINUS9029733048
IndustryBanking, Financial services
FoundedJuly 13, 1863; 158 years ago (1863-07-13)
HeadquartersU.S. Bancorp Center, Minneapolis, Minnesota, U.S.

Number of locations

3,067 branches and 4,771 automated teller machines

Key people

Andrew Cecere
(Chairman, President and CEO)
ProductsConsumer Banking, Corporate Banking, Insurance, Investment banking, Mortgage loans, Private banking, Private equity, Wealth management, Credit cards, Financial Analysis

Net income

Decrease $6.914 billion (2019)
Total assetsIncrease $495.426 billion (2019)
Total equityIncrease $52.483 billion (2019)

Number of employees

69,651 (2019)
Subsidiaries
Capital ratio10.8% Tier 1 (2017)
RatingLong Term Senior Debt
Moody's: A1 (10/2016)
S&P: A+ (10/2016)
Fitch: AA (10/2016)
DBRS: AA (10/2016)
Websitewww.usbank.comEdit this at Wikidata
Footnotes / references
[1][2]

U.S. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware.[3] It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States.[4] The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. It has 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States.[1] It is ranked 117th on the Fortune 500,[5] and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S.[6]

U.S. Bancorp operates under the second-oldest continuous national charter, originally Charter #24, granted in 1863 following the passage of the National Bank Act. Earlier charters have expired as banks were closed or acquired, raising U.S. Bank's charter number from #24 to #2. The oldest national charter, originally granted to the First National Bank of Philadelphia, is held by Wells Fargo, which was obtained upon its merger with Wachovia.[7]

History[edit]

Downtown Minneapolis; U.S. Bancorp Center is the second unobstructed tower from the left.

The U.S. Bank name first appeared as United States National Bank of Portland, established in Portland, Oregon, in 1891.[8] In 1902, it merged with Ainsworth National Bank of Portland, but kept the U.S. National Bank name.[8] It changed its name to the United States National Bank of Oregon in 1964.[8]

The central part of the franchise dates from 1864, with the formation of First National Bank of Minneapolis.[8] In 1929, that bank merged with First National Bank of St. Paul (also formed in 1864) and several smaller Upper Midwest banks to form the First Bank Stock Corporation, which changed its name to First Bank System in 1968.[8]

In the eastern part of the franchise, Farmers and Millers Bank in Milwaukee opened its doors in 1853, growing into the First National Bank of Milwaukee and eventually becoming First Wisconsin and ultimately Firstar Corporation.[8] In Cincinnati, First National Bank of Cincinnati opened for business on July 13, 1863 under National Charter #24—the charter that U.S. Bancorp still operates under today, and one of the oldest active national bank charters in the nation. U.S. Bancorp claims 1863 as its founding date.[8] Despite having started up in the midst of the Civil War, First National Bank of Cincinnati went on to survive many decades to grow into Star Bank.[8]

U.S. Bancorp of Oregon era[edit]

In January 1969, the U.S. National Bank of Oregon reorganized as a holding company, U. S. Bancorp,[9] after receiving authorization from its bank directors on September 9, 1968[10] and subsequently receiving legal approval to proceed from the Comptroller of the Currency on November 28, 1968.[11] LeRoy B. Staver, president, and chief executive officer of the bank, was quickly appointed chairman and chief executive officer for the new holding company while Robert B. Wilson was appointed president of the holding company and also executive vice president for the bank.[12] Wilson later resigned as president in December 1972[13] and his position was filled eight months later by John A. Elorriaga.[14]

After a long period of service, Staver finally retired in October 1974 and was succeeded by John Elorriaga who was promoted to chairman and chief executive officer while Carl W. Mays Jr was named president in Elorriaga's place.[15]

A major change in the organization of leadership in the U.S. Bancorp of Oregon occurred in August 1983. Although Elorriaga remained as chairman and chief executive officer for the firm, Mays was appointed to the new position of executive assistant to the chairman while Edmund P. Jensen was appointed president as a replacement to Mays, and Roger L. Breezley was appointed to the new post of chief operating officer.[16]

In December 1986, U.S. Bancorp of Oregon announced the pending acquisition of the Forest Grove, Oregon-based Valley National Corporation (not to be confused with the Phoenix, Arizona, company of the same name) with its five-branch Valley National Bank of Forest Grove subsidiary for $13.7 million in stock.[17]

U.S. Bancorp of Oregon made its first acquisition outside the state of Oregon by announcing in December 1986 the pending acquisition of the Spokane, Washington-based Old National Bancorp with its Old National Bank of Washington and First National Bank of Spokane subsidiaries for $174 million.[18][19] The acquisition was completed in July 1987 on the first day that the state of Washington had allowed bank acquisitions by out-of-state companies.[20]

In December 1986, U.S. Bancorp of Oregon announced the pending acquisition of the Camas, Washington-based Heritage Bank for $2.8 million.[21][22]

In May 1987, U.S. Bancorp of Oregon announced the pending acquisition of the Seattle, Washington-based Peoples Bancorp with its Peoples National Bank subsidiary for $275 million in stock.[23][24] The acquisition was completed in December 1987.[25] After the acquisition, Peoples and Old National were combined to form U.S. Bank of Washington.

John Elorriaga retired as chairman of the board and chief executive officer in November 1987 and was replaced by Roger L. Breezley while Jensen continued as president.[26][27]

In December 1987, U.S. Bancorp of Oregon announced the pending acquisition of the Bellingham, Washington-based Mt Baker Bank for $25 million.[28]

U.S. Bancorp of Oregon entered the state of California by announcing in April 1988 the pending acquisition of the Eureka, California-based Bank of Loleta with seven branch offices in Humboldt and Del Norte counties for $15.3 million in cash.[29] The acquisition was completed in December 1988 and was renamed U.S. Bank of California.[30]

In April 1988, U.S. Bancorp of Oregon announced the pending acquisition of the Bellingham, Washington-based Northwestern Commercial Bank for $15.5 million.[31] The acquisition was completed in November 1988.[32]

In July 1988, U.S. Bancorp of Oregon announced the pending acquisition of the Auburn, Washington-based Western Independent Bancshares with its Auburn Valley Bank subsidiary for $4.25 million in cash.[33]

In October 1989, U.S. Bancorp of Oregon announced the pending acquisition of the Sacramento, California-based Mother Lode Savings Bank with three branch offices for $5.3 million.[34] The acquisition was completed in August 1990.[35] This acquisition was one of the first of a thrift by a commercial bank in the nation since legislation permitting such takeovers went into effect.

During the late 1980s, U.S. Bancorp of Oregon made several attempts to enter the state of Idaho by the acquisition of an existing Idaho-based bank, the only method then allowed under Idaho law, but failed when the price got too high.[36] In March 1990, U.S. Bancorp of Oregon announced that they would establish a bank through a loophole in Federal banking law that allows the Office of the Comptroller of the Currency to allow the relocation of bank headquarters within 30 miles of their present location without regards to state boundaries and state regulations.[37] So U.S. Bancorp of Oregon announced that they plan to transfer the existing branches of the First National Bank of Spokane to the U.S. Bancorp of Washington and then ask permission from the Office of the Comptroller of the Currency to move the headquarters of First National from Spokane, Washington, to Coeur d'Alene, Idaho. After receiving Federal approval, First National was finally moved in February 1992 and renamed U.S. Bank of Idaho.[38]

In July 1990, U.S. Bancorp of Oregon announced the pending acquisition of the Auburn, California-based HeartFed Financial Corporation with its Heart Federal Savings and Loan subsidiary for $107.8 million in stock.[39] At the time of the announcement, Heart Federal Savings had 29 branch offices in northern California. The acquisition was completed in March 1991 for $118 million.[40]

In November 1991, Edmund P. Jensen was given the post of chief operating officer in addition to his duties as president, making him a possible successor to Breezley.[41]

In February 1992, U.S. Bancorp of Oregon announced the pending acquisition of the 20 branch offices in Northern California and 29 branch offices in Nevada for $70 million that were being divested by Bankamerica Corporation as a result of Bank of America's impending acquisition of Security Pacific Corporation.[42][43][44] This acquisition gave U.S. Bancorp of Oregon its first presence in the state of Nevada.

Another major change in the organization of leadership in the U.S. Bancorp of Oregon occurred in January 1993. While retaining his position as chief operating officer, Edmund P. Jensen was appointed vice-chairman while giving his position of president to Kevin R. Kelly. At the same time, Gerry B. Cameron was appointed vice-chairman.[45] Ten months later, Jensen resigned to become president of Visa Inc.[46] In January 1994, Gerry Cameron was first appointed chief operating officer as a replacement to Jensen[47] and later appointed chief executive officer just three weeks later.[48] Kelly submitted his resignation as president in March 1994[49] and Breezley finally gave up the chairmanship to Cameron in April 1994.[50][51]

In May 1995, U.S. Bancorp of Oregon announced the pending acquisition of the Boise, Idaho-based West One Bancorp for $1.8 billion.[52][53] At the time of the announcement, West One had branch offices in Idaho, Oregon, Washington, and Utah while U.S. Bancorp of Oregon had branch offices in Oregon, Washington, California, Idaho, and Nevada. The acquisition was completed in December 1995 and gave U.S. Bancorp of Oregon its first entry into the state of Utah.[54] As part of the acquisition deal, West One's chairman and chief executive Daniel R. Nelson would become the chief operating officer and president of U.S. Bancorp and he would later be Cameron's successor as chairman and CEO upon Cameron's planned retirement in three years. Since both U.S. Bancorp and West One had overlapping territories in Oregon and Washington, the U.S. Justice Department would only allow the acquisition to proceed if U.S. Bancorp would sell off 27 branch offices in Washington and Oregon.[55] As a result of the regulatory ruling, U.S. Bancorp sold 25 branch offices in Oregon, four in central Washington and one in Idaho to First Hawaiian Bank for $38 million in cash.[56][57]

In February 1996, U.S. Bancorp of Oregon announced the pending acquisition of the San Ramon, California-based California Bancshares for $309 million in stock.[58] California Bancshares had a total of 38 branches in the East San Francisco Bay Area in nine separate banks that included Alameda First National, Community First National, Modesto Banking Co., Commercial Bank of Fremont, Lamorinda National Bank, Bank of San Ramon Valley, Westside Bank, Concord Commercial Bank and Bank of Milipitas. The acquisition was completed in June 1996.[59]

In September 1996, U.S. Bancorp of Oregon announced the pending acquisition of the St. George, Utah-based Sun Capital Bancorp with its three-branch office Sun Capital Bank subsidiary for $15.5 million.[60] The acquisition was completed in January 1997.[61]

In December 1996, Daniel R. Nelson, president and chief operating officer of U.S. Bancorp of Oregon, unexpectedly announced his early retirement effective on New Year’s Day 1997. Nelson was originally in line to be Gerry B. Cameron's successor as chairman and chief executive upon the Cameron's planned retirement on New Year's Day 1999.[62]

In December 1996, U.S. Bancorp of Oregon announced the pending acquisition of the Sacramento, California-based Business & Professional Bank for $35 million in cash.[63] The acquisition was completed in May 1997.[64]

First Bank System era[edit]

First Bank System used this logo from 1979. It incorporates the silhouette of the number one.

In March 1997, the Minneapolis, Minnesota-based First Bank System announced the pending acquisition of U.S. Bancorp of Oregon for $9 billion in stock.[65][66][67] At the time of the announcement, U.S. Bancorp of Oregon had banking offices in Oregon, Washington, California, Idaho and Utah while First Bank System had banking offices in Minnesota, Colorado, Nebraska, North Dakota, South Dakota, Montana, Iowa, Illinois, Wisconsin, Kansas, and Wyoming. Under the terms of the acquisition, First Bank System was the nominal survivor, and the newly merged company was headquartered in Minneapolis. However, it took the more recognizable U. S. Bancorp name. John F. Grundhofer, chairman and chief executive of First Bank, was appointed president and chief executive of the new company while Gerry B. Cameron, chairman, and chief executive of U.S. Bancorp of Oregon, was appointed chairman of the new company, which he held until his retirement in 1998. The acquisition was completed in August 1997.[68] Approximately 4000 jobs were eliminated, mostly in Portland.[69]

Brief history of First Bank prior to acquisition[edit]

Main article: First Bank System

First Bank System can trace its roots to the formation of First National Bank of Minneapolis in 1864. In 1929, the First National Bank of Minneapolis joined with the First National Bank of St. Paul to form a joint holding company for both banks that was called the First Bank Stock Corporation, while keeping both subsidiary banks legally separate. The new holding company quickly grew by acquiring other banks in the four-state region before the Bank Holding Company Act of 1956 prohibited such actions. First Bank Stock Corporation was renamed First Bank System Inc. in 1968.[70]

U.S. Bancorp after takeover by First Bank System[edit]

In September 1997, the new U.S. Bancorp, formerly First Bank System, announced the pending acquisition of the St. Cloud, Minnesota-based Zappco, Inc. with its three banks and six banking locations for an undisclosed amount.[71] At the time of the announcement, U.S. Bancorp had more than 1,000 banking offices in the states of Minnesota, Oregon, Washington, Colorado, California, Idaho, Nebraska, North Dakota, Nevada, South Dakota, Montana, Iowa, Illinois, Utah, Wisconsin, Kansas, and Wyoming. The acquisition was completed in December 1997.[72]

In March 1998, U.S. Bancorp announced the pending acquisition of the Vancouver, Washington-based Northwest Bancshares with its 10-branch offices Northwest National Bank subsidiary for an undisclosed amount.[73][74] In October 1998, the U.S. Justice Department agreed to allow the acquisition to proceed on the condition that one of the Northwest National Bank branch offices was to be sold.[75] The acquisition was completed in December 1998 after U.S. Bancorp sold the request banking office to Centennial Bank of Eugene.[76]

At the end of 1998, Gerry Cameron retired as chairman and handed the position over to John Grundhofer who added the title of chairman to his other positions of president and chief executive officer.[77][78]

In February 1999, U.S. Bancorp announced the pending acquisition of the San Diego-based Bank of Commerce with its 10 branch offices for $314 million in stock.[79][80][81] The acquisition was finalized in July 1999.[82]

In May 1999, U.S. Bancorp announced the pending acquisition of the Newport Beach, California-based Western Bancorp with its Santa Monica Bank and Southern California Bank subsidiaries and a total of 31 branch offices for $904 million in stock.[83][84] At the time of the announcement, U.S. Bancorp had 98 branch offices within California. The acquisition was finalized in November 1999 for $1.04 billion in stock.[85][86]

In July 1999, Philip G. Heasley was appointed president and chief operating officer of U.S. Bancorp. John Grundhofer had handed over the position of president to Heasley while still retaining the titles of chairman and chief executive officer.[87][88] Heasley had assisted Grundhofer in turning the company around from near insolvency when the company was originally known as First Bank until it became a successful financial institution that became large enough to be absorb other banks, including U.S. Bancorp of Oregon in 1997. Heasley resigned the following year to join Bank One as the head of their First USA credit card unit[89] around the same time Firstar was about to takeover U.S. Bancorp.

In September 1999, U.S. Bancorp announced the pending acquisition of the San Diego-based Peninsula Bank with its 11 branch offices for $104 million in stock.[90][91][92][93] In early January 2000, a group of Peninsula Bank stockholders tried to stop the merger because the initial merger agreement was made prior to the huge 27% single-day drop in the value of U.S. Bancorp stock which effectively lowered the purchase price.[94] The acquisition was later completed in January 2000 at a 10% reduction of the original price negotiated.[95]

In June 2000, U.S. Bancorp announced the acquisition of the San Diego-based Scripps Financial Corporation with its nine-branch office Scripps Bank subsidiary for $155 million in stock.[96] The acquisition was completed in October 2000.[97]

Firstar era[edit]

In October 2000, Firstar Corporation of Milwaukee, Wisconsin, announced the pending acquisition of U.S. Bancorp for $21 billion in stock.[98][99][100] The merger was completed on February 27, 2001. While Firstar was the nominal survivor, the merged company took the U.S. Bancorp name and moved to old U. S. Bancorp's headquarters in Minneapolis.[101] Under the merger agreement, Jerry Grundhofer, president and chief executive officer of Firstar, would continue in those positions in the combined company while his older brother, John Grundhofer, chairman, president and chief executive officer of U.S. Bancorp, would serve as chairman of the board in the combined company until his planned retirement on December 31, 2002.[100][102] The merged company retained some administrative functions in Milwaukee and Cincinnati.

To allow the merger to proceed, the U.S. Department of Justice required Firstar to sell 11 branch offices in the Minneapolis-area and 2 in Council Bluffs, Iowa.[103]Bremer Bank of Saint Paul, Minnesota, purchased the 11 Minneapolis-area Firstar offices[104][105] while Liberty Bank of West Des Moines, Iowa, purchased the 2 Council Bluffs offices.[106][107]

Brief history of Firstar prior to acquisition[edit]

Main article: Firstar Corporation

Firstar Corporation traced its roots to the founding of the Farmer's and Millers Bank in Milwaukee in 1853, which by 1919 evolved into First Wisconsin National Bank. However, the Firstar that took over U.S. Bancorp in 2001 was actually the same company and leadership that acquired Firstar 27 months earlier in 1998, namely Star Banc Corporation. That bank, in turn, traced its roots to the founding of First National Bank of Cincinnati in 1863. Jerry Grundhofer and his team from Star Banc were instrumental in both acquisitions.

Present-day U.S. Bancorp retains Star Banc's pre-1998 stock price history. As mentioned above, it claims 1863 as its founding date, and operates under the charter originally granted to First National Bank of Cincinnati. Additionally, all SEC filings before 1998 are under Star Banc, and all filings from 1998 to 2000 are under Firstar.

U.S. Bancorp after takeover by Firstar[edit]

In April 2001, the new U.S. Bancorp announced the pending acquisition of all 20 branch offices in California of the Encino-based Pacific Century Bank from its Honolulu-based parent Pacific Century Financial Corporation.[108][109] The acquisition was completed in September 2001.[110][111]

In July 2002, U.S. Bancorp announced the pending acquisition of all 57 retail banking branches of the San Mateo, California-based Bay View Bank from its Bay View Capital Corporation parent for $429 million.[112][113] The acquisition was completed in November 2002.[114]

On New Years Day 2003, John Grundhofer retired as chairman of U.S. Bancorp and handed the position to his younger brother Jerry Grundhofer, who added the title of chairman to his other positions of president and chief executive officer in the corporation.[115]

In May 2004, U.S. Bancorp announced that it was acquiring the $34 billion corporate trust bond administration business from National City Corporation.[116][117][118]

In October 2004, Richard K. Davis was appointed chief operating officer and president of U.S. Bancorp. Jerry Grundhofer had handed over the position of president to Davis while still retaining the titles of chairman and chief executive officer.[119] Davis had been a protege of Grundhofer since their days together at Star Banc Corporation and had assisted in the takeover of Firstar by Star Banc in 1998[120] and the later acquisition of U.S. Bancorp by Firstar in 2001.

U.S. Bancorp acquired Genpass along with its MoneyPass ATM network subsidiary for an undisclosed amount in May 2005.[121]

In November 2005, U.S. Bancorp announced that it was acquiring the $410 billion corporate trust and institutional custody businesses of Wachovia Corporation for $720 million in cash.[122]

In July 2006, U.S. Bancorp announced that it was acquiring the $123 billion municipal and corporate bond trustee business from SunTrust.[123]

In June 2006, U.S. Bancorp announced the pending acquisition of the Avon, Colorado-based Vail Banks Inc. with its WestStar Bank subsidiary and 23 locations for $98.6 million in cash.[124] The acquisition was completed in September 2006.[125]

In November 2006, U.S. Bancorp announced that it was acquiring the $30 billion municipal bond trustee business from LaSalle Bank.[126][127]

In November 2006, U.S. Bancorp announced the pending acquisition of the Great Falls, Montana-based United Financial Corporation with its Heritage Bank subsidiary for $71 million in stock.[128] The acquisition was completed in February 2007 and nearly double the branch presence of U.S. Bank in Montana.[129]

In December 2006, Jerry Grundhofer handed over the position of chief executive officer to president Richard Davis while Grundhofer remained chairman until his retirement the following year in December 2007.[130][131][132] After Grundhofer retirement in December 2007, Davis added the position of chairman to his other titles of president and chief executive officer.[133]

In March 2008, the U.S. Bancorp announced the pending acquisition of the seven-office Los Angeles-based Mellon 1st Business Bank from the Bank of New York Mellon for an undisclosed amount in cash.[134] The acquisition was completed in June 2008.[135]

On November 14, 2008, the U.S. Treasury invested $6,599,000,000 in preferred stock and warrants in the company via the Emergency Economic Stabilization Act of 2008.[136]

On November 21, 2008, the company acquired the failed Downey Savings & Loan Association and also the failed Pomona First Federal Bancorp in a transaction facilitated by the Federal Deposit Insurance Corporation for an undisclosed amount.[137] Downey Savings had 170 branch offices in California and five branch offices in Arizona while PFF Bank had 38 branch offices in Southern California.

In April 2009, U.S. Bancorp acquired the assets and deposits of the failed Ketchum, Idaho-based First Bank of Idaho in a transaction facilitated by the FDIC.[138][139] First Bank of Idaho had seven offices in Idaho and Wyoming, some of which operated under the name First Bank of the Tetons.

On June 17, 2009, the company redeemed the $6.6 billion of preferred stock and on July 15, 2009, it completed the purchase of a warrant held by the U.S. Treasury Department. This effectively concluded U.S. Bancorp’s participation in the Capital Purchase Program. It was the first bank to repay the Troubled Asset Relief Program (TARP) funds.[140]

On October 5, 2009, the company announced its acquisition of the $8 billion mutual fund administration and accounting servicing division of Fiduciary Management, Inc. for an undisclosed amount.[141][142]

On October 7, 2009, the company agreed to buy the bond trustee business of First Citizens Bank, a subsidiary of First Citizens BancShares Inc. for an undisclosed amount.[143][144]

On October 20, 2009, the company completed a transaction to purchase the failed FBOP Corporation's nine subsidiary banks from the FDIC for an undisclosed amount. The banks included BankUSA, National Association with 2 offices in Arizona, Cal National Bank with 68 offices in California, Citizens National Bank with 1 office in Texas, Community Bank of Lemont with 1 office in Illinois, Madisonville State Bank with 1 office in Texas, North Houston Bank with 1 office in Texas, Pacific National Bank with 17 offices in California, Park National Bank with 31 offices in Illinois, and San Diego National Bank with 28 offices in California.[145]

Since the company did not have a previous presence in Texas nor want one in the near future, the company subsequently sold the three banks in Texas in 2010 to Houston-based Prosperity Bancshares for an undisclosed amount.[146] Each of the banks had one office each.[145]

In October 2009, BB&T Corporation (now Truist Financial) announced the pending sale of its Nevada banking operations to U.S. Bancorp for an undisclosed amount. BB&T had just acquired the 21 offices in Nevada through a transaction facilitated by the FDIC for disposal of the assets and deposits of the failed Alabama-based Colonial BancGroup but BB&T had no desire to expand west of Texas while it wanted to keep the other Colonial former locations in the Southeastern United States.[147] The acquisition was completed in January 2010.[148]

In July 2010, U.S. Bancorp sold its FAF Advisors subsidiary to Nuveen Investments for $80 million and a 9.5% stake in Nuveen.[149][150]

In January 2011, U.S. Bancorp acquired the assets and deposits of the failed First Community Bank of New Mexico in a transaction facilitated by the FDIC for an asset discount of approximately $380 million.[151] The acquisition had included 35 offices in New Mexico and 3 offices in Arizona.

In January 2012, the company acquired the assets and deposits of the failed Knoxville, Tennessee-based BankEast in a transaction facilitated by the FDIC for an asset discount of approximately $67.5 million.[152] The acquisition had included 10 offices in the Knoxville area.

In March 2013, U.S. Bancorp announced that it was acquiring the $57 billion municipal bond trustee business from Deutsche Bank.[153]

In January 2014, U.S. Bancorp announced the pending acquisition of 94 branch offices of the Charter One Bank in Chicago from the RBS Citizens Financial Group for $315 million,[154] doubling its market share in Chicago.[155] 13 Charter One branches were closed due to their close proximity to existing U.S. Bank offices.[156] The acquisition was completed in June 2014.[155]

In January 2015, chief financial officer Andrew Cecere was promoted to chief operating officer.[157] A year later, Cecere was given the additional position of president.[158]

In January 2017, U.S. Bancorp announced that chairman and CEO Richard Davis was going to hand over his CEO position to president and COO Andrew Cecere in April 2017 while still remaining chairman of the corporation.[159] Davis officially retired from the company in April 2018 and handed over the chairmanship position to Cecere.[160]

In February 2018, the bank was charged by the Department of Justice with failing to implement measures preventing illegal activities, including one case of abetting them.[161] To defer prosecution, U.S. Bancorp agreed to pay $613 million in fines and agreed to implement measures to show the authorities that it had improved the monitoring of its customer transactions.[161] $505 million was distributed in September 2018 to customers of an illegal payday loan business whose suspicious activities US Bancorp had failed to report.[162]

In September 2018, Fiserv announced that it would acquire MoneyPass from US Bancorp for $690 million.[163] The deal was finalized in March 2019.[164] The sale did not include Elan's credit card issuing division, which issued among some of the most prominent cards including Fidelity, BMW and Mercedes Benz.[165] In December 2019, the bank dismissed Emily James, a Portland, Ore., call-center employee, and her supervisor, after James personally gave $20 of her own money to a customer in need, Marc Eugenio. On Christmas Eve, Eugenio ran out of gasoline and cash, and he was stranded at a gas station when his U.S. Bank debit card was rejected because funds he had deposited two days earlier had not yet been released into his account as he had been promised. After an unsuccessful attempt to release the funds, James met Eugenio at the gas station during her break and offered him $20 from her own pocket as a Christmas Eve act of kindness. She was fired from her job, despite U.S. Bankcorp's policy that "Our employees are empowered to do the right thing."[166][POV? – discuss] After Nicolas Kristof published a critique of the firing in The New York Times the bank agreed to rehire the employees.[167]

On September 21, 2021, U.S. Bancorp agreed to purchase MUFG Union Bank's consumer business for $8 billon. It is the bank's biggest deal since 2001 when it merged with Milwaukee-based Firstar Corp. for $21 billion. The deal with MUFG Union Bank will add $58 billion in loans to U.S. Bancorp's current base of $294 billion, along with increasing its deposit base from $429 billion to $519 billion; it will also give U.S. Bancorp a large presence on the U.S. West Coast, especially California.[168]

Notable corporate buildings[edit]

  • U.S. Bank Center in Phoenix, Arizona
  • U.S. Bank Tower in Sacramento, California
  • One California in San Francisco, California, sports the U.S. Bank logo and houses bank offices
  • U.S. Bank Tower in Los Angeles, California, the third tallest building west of the Mississippi River
  • U.S. Bank Tower in Denver, Colorado
  • U.S. Bank Plaza in Boise, Idaho
  • U.S. Bank Building in Chicago, Illinois
  • U.S. Bank Building in Davenport, Iowa
  • U.S. Bank Building in Duluth, Minnesota
  • U.S. Bancorp Center in Minneapolis, Minnesota
  • U.S. Bank Plaza in Minneapolis, Minnesota
  • U.S. Bank Center in St. Paul, Minnesota
  • One U.S. Bank Plaza in St. Louis, Missouri
  • U.S. Bank Building in Billings, Montana
  • U.S. Bank Tower in Lincoln, Nebraska
  • U.S. Bank Center in Las Vegas, Nevada
  • U.S. Bank Tower in Cincinnati, Ohio
  • U.S. Bank Centre in Cleveland, Ohio
  • U.S. Bancorp Tower in Portland, Oregon
  • U.S. Bank Building in Sioux Falls, South Dakota
  • U.S. Bank Centre in Seattle, Washington
  • U.S. Bank Building in Spokane, Washington
  • U.S. Bank Building in La Crosse, Wisconsin
  • U.S. Bank Center in Milwaukee, Wisconsin
  • U.S. Bank Plaza in Madison, Wisconsin
  • U.S. Bank Building in Sheboygan, Wisconsin

Naming rights and sponsorships[edit]

U.S. Bank owns corporate naming rights to the following:

U.S. Bank is a sponsor of:

See also[edit]

References[edit]

  1. ^ ab"U.S. Bancorp 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^"U.S. Bancorp 2019 Form 10-K Annual Report: Management's Discussion and Analysis". U.S. Securities and Exchange Commission.
  3. ^"EDGAR Search Results". www.sec.gov. Retrieved November 8, 2018.
  4. ^"Biggest US Banks by Asset Size (2021)". MX Technologies. April 20, 2021. Retrieved September 21, 2021.
  5. ^"U.S. Bancorp". Fortune.
  6. ^Elan Credit Card Issuance. Elan Financial Services – via Vimeo.
  7. ^"Wells Fargo: Guided By History". Wells Fargo.
  8. ^ abcdefgh"US Bank | Annual Report 2012 | 150th Anniversary". media.corporate-ir.net.
  9. ^"U.S. Bancorporation Unit". The Wall Street Journal. January 6, 1969. p. 6. ProQuest 133444076.
  10. ^"U.S. National, Oregon, Board Votes Reorganization Plan". The Wall Street Journal. September 9, 1968. p. 13. ProQuest 133266993. Archived from the original on September 13, 2017. Retrieved July 7, 2017.
  11. ^"Two Major Banks Get Permission to Organize One-Unit Holding Firms: Currency Comptroller Approves Three Other Such Proposals, Putting Week's Total at Seven". The Wall Street Journal. November 29, 1968. p. 6. ProQuest 133266985. Archived from the original on August 19, 2017. Retrieved July 7, 2017.
  12. ^"Robert B. Wilson Is Named President of U.S. Bancorp". The Wall Street Journal. February 25, 1969. p. 16. ProQuest 133427185.
  13. ^"Dividend News: U.S. Bancorp Increases Payout, Proposes Split; Wilson Quits Presidency". The Wall Street Journal. December 26, 1972. p. 13. ProQuest 133753497.
  14. ^"U.S. Bancorp Appoints John Elorriaga President". The Wall Street Journal. August 28, 1973. p. 20. ProQuest 133793903.
  15. ^"At the Top: U.S. Bancorp elected a new president and a new chairman". Los Angeles Times. October 29, 1974. p. d9. ProQuest 157559436. Archived from the original on February 1, 2018. Retrieved July 7, 2017.
  16. ^"U.S. Bancorp". The Wall Street Journal. August 30, 1983. p. 34. ProQuest 134786963.
  17. ^"U.S. Bancorp Plans to Buy Valley National for Stock". The Wall Street Journal (Eastern ed.). December 8, 1986. p. 1. ProQuest 397966831.
  18. ^Gapa, Les (December 18, 1986). "A Big Oregon Bank Will Buy Old National". Seattle Post-Intelligencer. p. B10.
  19. ^Buck, Richard (December 18, 1986). "Merger to Make U.S. Bancorp. Biggest Bank". Seattle Times. p. F1.
  20. ^Buck, Richard (June 30, 1987). "State Banks Ready to Open Door to Interstate Banking". Seattle Times. p. C1.
  21. ^"Briefly". Los Angeles Times (Home ed.). December 25, 1986. p. 11. ProQuest 292473590.
  22. ^"U.S. Bancorp Plans to Buy Camas Bank". Seattle Post-Intelligencer. December 25, 1986. p. B7.
  23. ^"U.S. Bancorp To Buy Peoples". The New York Times. May 20, 1987.
  24. ^Heberlein, Greg (May 19, 1987). "U.S. Bankcorp. Agrees to Merge With Peoples". Seattle Times. p. E1.
  25. ^Erickson, Jim (January 1, 1988). "A Bad Year for Nostalgia – Interstate Banking Law Had Its Effect". Seattle Post-Intelligencer. p. B12.
  26. ^"U.S. Bancorp's Breezley Is Named Chairman, Chief". The Wall Street Journal (Eastern ed.). October 27, 1987. p. 1. ProQuest 398140601.
  27. ^"People on The Move". Seattle Post-Intelligencer. November 2, 1987. p. B6.
  28. ^"U.S. Bancorp Plans To Buy Mt Baker Bank". The Wall Street Journal (Eastern ed.). December 17, 1987. p. 1. ProQuest 398076904.
  29. ^Sorensen, Donald J. (April 9, 1988). "U.S. Bancorp to Expand to California". The Oregonian. p. E01.
  30. ^Roberts, Bruce & Ruble, Mary B. (June 12, 1989). "Bank of Loleta Becomes U.S. Bank of California" (Press release). U.S. Bancorp. p. 1. ProQuest 447099550 – via Business Wire.
  31. ^"U.S. Bancorp Sets Purchase". The Wall Street Journal (Eastern ed.). April 28, 1988. p. 1. ProQuest 398081906.
  32. ^Ruble, Mary; Bowler, Don & Van Duine, Teri (November 17, 1988). "U.S. Bancorp Acquires Northwestern Commercial Bank". Business Wire (Press release). p. 1. ProQuest 444885120.
  33. ^"U.S. Bancorp – Western Independent Bancshares Is Purchased". Seattle Post-Intelligencer. July 23, 1988. p. B3.
  34. ^Sorensen, Donald J. (October 19, 1989). "U.S. Bancorp Buys Women-Founded Sacramento Bank". The Oregonian. p. E17.
  35. ^MacKenzie, Bill (August 26, 1990). "U.S. Bank Acquires Mother Lode Savings". The Oregonian. p. B06.
  36. ^Howe, Kenneth (July 29, 1991). "U.S. Bancorp on Northern California Buying Spree". San Francisco Chronicle. p. B1.
  37. ^Reed, Molly (March 13, 1990). "First National Bank in Spokane to Transfer Branches to U.S. Bank" (Press release). U.S. Bancorp. p. 1. ProQuest 447084700 – via Business Wire.
  38. ^Ruble, Mary & Schmitt, Gary (February 19, 1992). "U.S. Bank Gains Approval to Serve Idaho Customers" (Press release). U.S. Bancorp. p. 1. ProQuest 444959000 – via Business Wire.
  39. ^Rooks, Judy (July 18, 1990). "U.S. Bancorp Buys California Savings And Loan". The Oregonian. p. D01.
  40. ^"U.S. Bancorp pays $118 million for California thrift". United Press International. March 28, 1991.
  41. ^"U.S. Bancorp". The Wall Street Journal (Eastern ed.). November 5, 1991. p. B8. ProQuest 398230814.
  42. ^"Banking & Finance". Los Angeles Times. February 27, 1992.
  43. ^Hicks, Larry (February 27, 1992). "BofA, Security Pacific Branches Sold – U.S. Bancorp Deal Boosts Market Share In Sacramento, Northern California". Sacramento Bee. p. D1.
  44. ^"U.S. Bancorp to Acquire Divested Bank Of America, Security Pacific Branches In Northern California, Nevada" (Press release). US Bancorp. February 27, 1992 – via PR Newswire.
  45. ^"U.S. Bancorp". The Wall Street Journal (Eastern ed.). January 14, 1993. p. B8. ProQuest 398445241.
  46. ^Hansell, Saul (October 27, 1993). "Visa International Is Set To Replace Top Officer". The New York Times.
  47. ^"Gerry B. Cameron Named Chief Operating Officer Of U.S. Bancorp" (Press release). U.S. Bancorp. January 6, 1994 – via The Free Library.
  48. ^Francis, Mike & Hamburg, Ken (January 27, 1994). "U.S. Bancorp Board Puts Cameron In Charge". The Oregonian. p. C01.
  49. ^Francis, Mike (March 19, 1994). "Kelly Steps Down at U.S. Bancorp". The Oregonian. p. E01.
  50. ^"Chairman Of U.S. Bancorp Steps Down". The New York Times. April 20, 1994.
  51. ^"U.S. Bancorp Chairman Roger Breezley Resigns". Seattle Times. April 20, 1994.
  52. ^Torbenson, Eric (May 9, 1995). "Idaho Loses Last Major State Bank Boise's West One Agrees To U.S. Bancorp Merger". The Spokesman-Review. Spokane.
  53. ^Manning, Jeff (May 9, 1995). "Banking on Bigness: U.S. Buying West One". The Oregonian. p. A01.
  54. ^"U.S. Bancorp Completes Purchase Of West One". The New York Times. Bloomberg L.P. December 28, 1995.
  55. ^"Justice Allows U.S. Bank Deal". The Spokesman-Review. December 12, 1995.
  56. ^"First Hawaiian To Buy U.S. Bank Branches". Seattle Times. December 5, 1995.
  57. ^"Hawaii Bank Buys U.S. Bank Branches". The Spokesman-Review. December 5, 1995.
  58. ^"U.S. Bancorp to Buy California Bancshares: Mergers: Drop in Oregon bank's share price reflects concern that $309-million price tag is too high". Los Angeles Times. February 13, 1996.
  59. ^"U.S. Bancorp completes California deal". United Press International. June 6, 1996.
  60. ^"U.S. Bancorp to Acquire Sun Capital". Deseret News. September 26, 1996.
  61. ^"Meanwhile in Utah ...". Salt Lake Tribune. January 4, 1997. p. E10.
  62. ^Bartel, Frank (December 25, 1996). "Ex-Spokane Banker Passes Up Chance To Lead Regional Financial Giant". The Spokesman-Review.
  63. ^Ota, Alan K. (December 28, 1996). "U.S. Bancorp Buys California Bank". The Oregonian. p. B12.
  64. ^"U.S. Bancorp Completes Acquisition of Business & Professional Bank" (Press release). U.S. Bancorp. May 1, 1997. Archived from the original on August 15, 2017. Retrieved May 26, 2017 – via PR Newswire.
  65. ^Hansell, Saul (March 21, 1997). "First Bank System to Buy U.S. Bancorp of Oregon". The New York Times.
  66. ^"First Bank System to buy U.S. Bancorp: Minneapolis-based...". Chicago Tribune. March 20, 1997.
  67. ^"First Bank Strikes Deal To Acquire U.S. Bancorp $9 Billion Deal Will Create 14th-Largest Bank In America". The Spokesman-Review. March 21, 1997.
  68. ^DePass, Dee (August 2, 1997). "It's a done deal: First Bank System acquires U.S. Bancorp – and its name – Analysts are waiting to see whether new combined company will make planned $340 million in expense cuts by next year". Minneapolis Star-Tribune. p. 02D.
  69. ^Ota, Alan K. (August 2, 1997). "U.S. Bank Workers Leave for Good". The Oregonian. p. E01.
  70. ^
Sours: https://en.wikipedia.org/wiki/U.S._Bancorp

NORRIS UNIVERSITY CENTER

U.S. Bank

U.S. Bank is prepared to help you with all of your banking needs while you’re at Northwestern University. Conveniently located right on campus, we are available to offer guidance and assistance throughout your time here. Visit the only bank on campus and speak to a Northwestern University student banking expert today for more information.

Branch Information

U.S. Bank Northwestern University Branch
Norris University Center, Ground Floor (map)
Mila Lerman, Assistant Vice President and On-Site Manager
Phone: (847) 475-3025
24-Hour Customer Service: 800-US BANKS (872-2657)

Hours

Mon - Fri: 8:30am to 5:00pm
Sat - Sun: Closed

On-Campus ATM Locations

  • Norris University Center (1 ATM)
  • Shepard Hall (outside building adjacent to University Place)
  • Henry Crown Sports Pavilion and Norris Aquatics Center
  • The Technological Institute

For more information on our extensive line of products and services, stop by or contact our branch today, or visit U.S. Bank. Member FDIC

Sours: https://www.northwestern.edu/norris/services/us-bank.html

Similar news:

U.S. Bank Review

If you’re in the market for a new bank to serve as the home base for your personal finances, you may want to consider U.S. Bank. It provides some valuable benefits and innovative features for customer service and digital banking.

U.S. Bank is the fifth-largest commercial bank by assets in the United States, with branches in 26 states. Its parent company is U.S. Bancorp. Headquartered in Minneapolis, it’s a full-service bank that offers checking accounts, savings accounts, money market accounts, CDs, loans and other financial services. It also offers highly rated online and mobile banking tools.

Indeed, U.S. Bank is one of several big banks that have become more proactive about digital banking in recent years.

This review provides an overview of U.S. Bank’s personal banking products and services. Account details and annual percentage yields (APYs) are accurate as of March 17, 2021.

Account Basics

Checking

U.S. Bank offers several checking accounts, with flexible options depending on how you want to manage your everyday banking. The accounts are labeled Easy, Gold and Platinum—each has different monthly fees and packages of services. The bank offers a checking account comparison tool so you can find the right checking account to suit your needs.

  • Easy Checking. The Easy checking account charges a $6.95 monthly maintenance fee, but that fee can be waived if you are 65 years old or older, if you sign up for monthly direct deposits of $1,000 or more or if you have an average account balance of $1,500.
  • Gold Checking. The Gold checking account charges a $14.95 monthly fee, but the fee is waived if you expand your banking relationship by signing up for a U.S. Bank credit card, personal loan, line of credit or mortgage account. The Gold checking account package also offers access to other perks, such as a Money Market Savings account, reduced fees for overdraft protection and two no-fee ATM transactions per month at non-U.S. Bank ATMs.
  • Platinum Checking. The Platinum checking account charges a $24.95 monthly fee, which can be waived if you have a U.S. Bank Wealth Management personal trust relationship or at least $25,000 in total combined deposits or credit balances with U.S. Bank. With Platinum checking, you get an interest-bearing checking account, no-fee ATM transactions (at U.S. Bank and non-U.S. Bank ATMs) and other perks. Although the Platinum Checking account does earn interest, the APY is only 0.01%.
  • Safe Debit Account. The U.S. Bank Safe Debit account may be a good option for those seeking a banking experience that’s primarily online. It offers a debit card and online and mobile banking access but without any paper checks. There is a $4.95 monthly fee for this account which can’t be waived.
  • Student Checking. U.S. Bank also offers a student checking account for students in high school or higher education (including trade school, community college or university). There’s no monthly maintenance fee with this account.

Savings

U.S. Bank offers one savings account option, the U.S. Bank Standard Savings Account. This account requires a minimum opening deposit of $25 and charges a $4 monthly fee; you can avoid this fee if you keep at least a $300 minimum daily balance or $1,000 average monthly collected balance in the account.

Like many major banks, U.S. Bank’s APY on savings accounts is near zero: currently 0.01% APY.

Money Market

In addition to the Standard Savings Account, U.S. Bank offers four types of money market accounts, with different packages, features and perks depending on which type of U.S. Bank checking account you have:

  • Elite Money Market Account. This money market account requires a $100 minimum opening deposit and charges a $10 monthly fee, which can be waived if you maintain a monthly balance of $10,000. The account claims to offer tiered interest rates with higher APYs for higher account balances, but the same 0.01% APY applies to all account balance amounts.
  • Package Money Market Savings. This account is for customers who also have the U.S. Bank Gold checking account. There is no monthly maintenance fee and it requires a minimum opening deposit of $25. This account pays an 0.01% APY.
  • Platinum Select Money Market Savings. This account also has no monthly maintenance fee, requires a minimum opening deposit of only $25, and pays an 0.01% APY. This account is included with the Platinum checking account package.
  • Retirement Money Market Account. This money market account is only for customers that have an Individual Retirement Account (IRA) with U.S. Bank; it lets you keep some of your IRA money in cash savings. There is no monthly fee, and you can open an account with a minimum opening deposit of $100 or by setting up an automatic monthly deposit of $25. The APY on this account is 0.01%.

Money market accounts can sometimes provide a higher yield on your savings, compared to typical savings accounts. But in the current near-zero interest rate environment, U.S. Bank’s money market accounts are paying 0.01% APY. These rates are much lower than the best online savings accounts or the best money market accounts.

U.S. Bank savings and money market accounts can give you a safe place to keep your savings in an FDIC-insured institution, with convenient access to your U.S. Bank checking account or other accounts. But if you want higher yields on your savings, you may want to consider a higher-yielding online savings account, money market account or CD.

CDs

U.S. Bank offers a few types of certificates of deposit (CDs), depending on how long you want to commit your money:

  • Certificate of Deposit (CD). The traditional U.S. Bank CD pays an APY of 0.05% on a 12-month term and 0.25% on a 60-month term. It requires a minimum deposit of $500.
  • CD Special. U.S. Bank is offering a CD special with a 47-month term and an APY of 0.40%. Deposits must be between $1,000 and $250,000.
  • Step Up CD. Instead of a fixed APY, this CD offers a “step up” in interest—the APY increases every seven months. If you deposit your money for 28 months, you’ll earn a blended APY of 0.35%.
  • Trade Up CD. This CD gives you the option to take advantage of rising interest rates. In case interest rates increase during the term of your CD, you can “trade up” to a higher APY. Currently, this CD pays 0.10% APY on a 30-month term and 0.40% APY on a 60-month term, with a minimum deposit of $1,000 (and a maximum of $250,000).

U.S. Bank doesn’t offer the best CD rates compared to some other banks and credit unions. However, depending on how you want to manage your money and your overall financial goals, this bank’s CDs might be competitive with other options for where to keep your savings. And U.S. Bank has some attractive options like the Step Up CD and Trade Up CD that not all banks provide. Standard CDs are available in amounts between $500 and $250,000.

Other Accounts and Services

In addition to its personal banking services, U.S. Bank also offers:

  • Credit cards
  • Investment and retirement services
  • Personal loans and credit lines
  • Home loans
  • Vehicle loans
  • Wealth management
  • Small business services
  • Corporate and commercial services
  • Institutional services

Distinguishing Features

U.S. Bank has invested heavily in digital tools and services to provide better online and mobile banking. Seventy-seven percent of the bank’s transactions are conducted digitally. The U.S. Bank mobile app is well-rated and offers excellent customer service features, receiving high praise for its mobile check deposit feature. And the U.S. Bank Smart Assistant is a new voice-activated virtual assistant, available via the bank’s mobile app, that can help you with everyday banking tasks.

The bank has also received recognition for being a good corporate citizen. A Harris Poll survey named U.S. Bank as the “most essential” bank for its response to the pandemic in 2020. The bank has also committed $116 million to address the racial wealth gap and create economic opportunities in diverse communities. It has been honored as one of the world’s most ethical companies by the Ethisphere Institute, one of the top 50 companies for diversity by DiversityInc and one of the best companies for veterans by Military Times.

Access on the Go

The U.S. Bank mobile app is highly rated, with 4.8 stars out of 5 on the App Store and 4.6 stars out of 5 on Google Play. Key features of the mobile app include:

  • Mobile check deposit
  • Customized alerts
  • Online banking—account access, transfers, online bill pay
  • Zelle
  • U.S. Bank Smart Assistant

U.S. Bank has an extensive ATM network, and its ATMs offer contactless access through digital wallets.

U.S. Bank customer service is available by phone 24 hours a day at 1-800-USBANKS (872-2657). They also have specific customer service phone numbers for certain metro areas, including Minneapolis, Denver and Cincinnati. Customers can also get support via email through online banking or by setting up an appointment with a personal banker.

Pros

  • Highly rated mobile app
  • Excellent digital banking experience
  • U.S. Bank Smart Assistant helps complete banking tasks at the sound of your voice
  • Large ATM network
  • Several checking account options
  • Several CD options

Cons

  • Low APYs on savings, CDs and money market accounts
  • Elite Money Market Account promises tiered interest rates that pay more for higher balances, but the APYs are all the same
  • Account options can be confusing
  • Not all checking accounts offer fee-free ATM withdrawals or fee-free overdraft protection
  • Branch locations limited to 26 states

How U.S. Bank Stacks Up

U.S. Bank faces some of the same limitations as a lot of other big banks. Its savings accounts and CDs pay relatively low APYs in the current near-zero interest rate environment. And its checking and savings account offerings can be challenging to navigate.

However, for those who are interested in banking digitally, U.S. Bank is embracing digital technology and offers a digital-first customer experience. Its mobile app is very well rated, making it easier to manage your money and understand your financial situation with digital tools and insights. Plus, U.S. Bank has been recognized for its responsiveness during the pandemic, its support for diverse communities and its overall ethics as a company.

If you want the advantages of a brick-and-mortar bank with an extensive network of branches and ATMs, along with innovative digital tools and features, U.S. Bank could be a good choice. You can use U.S. Bank’s comparison charts or talk with a personal banker to decide which checking, savings, money market or CD account is right for you.

Frequently Asked Questions (FAQs)

Is U.S. Bank FDIC insured?

Yes, U.S. Bank is FDIC insured (FDIC #6548). All U.S. Bank accounts are protected up to the standard maximum of $250,000 per depositor, for each account ownership category, in the event of a bank failure.

In which states does U.S. Bank have branch locations?

U.S. Bank has branches in 26 states. You can search for specific state locations on the U.S. Bank website.

Does U.S. Bank offer credit cards and loans?

Yes. U.S. Bank is a full-service bank that provides a wide range of financial services and products, including credit cards, home mortgages, personal loans, lines of credit, vehicle loans and more.

Was this article helpful?

Thank You for your feedback!

Something went wrong. Please try again later.

Sours: https://www.forbes.com/advisor/banking/us-bank-review/


216 217 218 219 220