U.S. Bancorp is listed as the 8th largest financial holding institution on the Top 50 List compiled by the FFIEC, Federal Financial Institutions Examination Council. This list ranks financial holding companies in order by the amount of assets they have. U.S. Bancorp currently has over $340 billion in assets, and is the parent company of U.S. Bank.
History of U.S. Bancorp
The history of U.S. Bancorp dates back to the late 1800s when the U.S. National Bank of Portland was founded. Several mergers and events took place until 1929, when the First Bank Stock Investment Corporation was formed. In 1964, the U.S. National Bank of Portland was renamed to the U.S. National Bank of Oregon. During the late 1960s U.S. Bancorp was created. It occurred when the U.S. National Bank changed to a holding company. At this time, they changed the name of the company. This is when the U.S. Bancorp name was first used; however, most people believe that its roots actually begin in the 1800s when the U.S. National Bank of Oregon was first created.
During the 1960s and 1970s, U.S. Bancorp began offering more services to customers. They also began obtaining various subsidiaries. One of these was Bancorp Leasing, Inc. which offered leasing services to customers. This company continued to expand into California, Texas, Idaho, Colorado and Montana. Its home state, however, was still Oregon, where its roots initially began.
Services and Products
Today, U.S. Bancorp continues to grow and offers all types of financial products. They are a full-line bank offering all types of accounts, including checking accounts and savings accounts. They also provide loans to individuals and businesses. In addition, they offer brokerage services, investment services, financing and leasing options, and much more. They also offer online banking, making banking activities easy and convenient for customers.
U.S. Bancorp is a publicly traded company. It can be found on the New York Stock Exchange. The stock continues to do well and the most current earnings information about the company was very positive. This company currently operates its corporate headquarters out of Minneapolis, MN. It offers over 1,000 banking locations around the U.S. and offers a full range of banking and financial services.