US Bancorp

U.S. Bancorp was founded in 1863 as First National Bank of Cincinnati, evolving through more than a century of mergers into one of America's largest commercial banking institutions.

The company serves approximately 17 million customers across 26 states, operating over 2,200 branches and processing more than $180 billion in annual payment transactions.

Headquartered in Minneapolis, Minnesota, U.S. Bancorp trades on the New York Stock Exchange under ticker USB today.

About US Bancorp

SectorFinancial Services
IndustryCommercial Banking
CEOAndy Cecere
Websiteusbank.com
HeadquartersMinneapolis, MN, USA
Founded1863
StatusPublic (NYSE: USB)

US Bancorp Founders

Edmund D. Taylor Co-Founder & First President, First National Bank of Cincinnati (1863)
US Bancorp (modern entity) Incorporated in Delaware in 1929; current corporate structure established through merger activity

US Bancorp History

  • 1863
    First National Bank of Cincinnati receives its charter, later evolving through mergers into the modern U.S. Bancorp structure.
  • 1929
    U.S. Bancorp formally incorporates, consolidating several Midwestern banks under a single holding company for the first time.
  • 1997
    First Bank System acquires U.S. Bancorp and adopts the U.S. Bancorp name, creating a major regional banking franchise in the upper Midwest.
  • 2001
    U.S. Bancorp acquires Firstar Corporation in a $21 billion merger, vaulting it into the top tier of American commercial banks by asset size.
  • 2023
    U.S. Bancorp completes the $8 billion acquisition of MUFG Union Bank, adding 1 million customers and significant West Coast retail banking presence.

FAQs

  • Who owns US Bancorp?
    U.S. Bancorp is publicly traded on the NYSE. Warren Buffett's Berkshire Hathaway held a significant stake historically but has reduced its position. Vanguard Group and BlackRock are among its largest current institutional shareholders.
  • When did US Bancorp come out?
    U.S. Bancorp traces its origins to 1863. The modern corporation was incorporated in 1929. The current U.S. Bancorp name was adopted in 1997 when First Bank System acquired the original U.S. Bancorp and rebranded.
  • Is US Bancorp an American company?
    Yes. U.S. Bancorp is an American financial holding company headquartered in Minneapolis, Minnesota. It operates exclusively in the United States and is the parent company of U.S. Bank National Association.
  • Who made the US Bancorp logo?
    U.S. Bank's current red flag logo was introduced as part of a brand refresh following major mergers in the early 2000s. The design was developed with external branding agencies to support the unified U.S. Bank identity.