{
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  "organisationId": "O-2c57e1a69053446595d79a3e2095c341",
  "slug": "us-bancorp-de",
  "name": "US BANCORP \\DE\\",
  "updatedAt": "2026-03-19T02:21:54.120537Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "U.S. Bancorp is a Minneapolis-based financial services holding company that serves millions of local, national and global customers through a broad banking and payments franchise. The company provides lending and deposit services, cash management, capital markets, trust and investment management, credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Through its banking subsidiary, it offers products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its major business segments are Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support. [P-cc4c5a0b19ba41f393cb40bde53a36c0][P-7b7a4a9e40334f74a467db2e6978b4a7][P-0038f24fdce04102854aabc0ed9bacdd]\n\nThe company’s operations are principally domestic, with banking and investment services delivered across the United States, primarily in the Midwest and West. As of December 31, 2024, U.S. Bancorp operated 2,165 branches across 26 states and 4,489 ATMs, while also providing merchant services in Canada and parts of Europe and corporate trust and fund administration services in Europe. U.S. Bancorp employed 70,263 people globally as of December 31, 2024, and reported total net revenue of $27.455 billion for 2024. On its website, the company says it is dedicated to “unlocking opportunities for our customers, our team and our communities,” which frames its broader mission and community orientation. [P-0833e03e125649c9bc7d4106bd36ec06][P-88618d46ede345d2b6d81b60c08291f8][T-cc7e598f750f4894a2abb75b8ff8af12][https://careers.usbank.com/global/en/about-u-s-bank]\n[P-cc4c5a0b19ba41f393cb40bde53a36c0][P-7b7a4a9e40334f74a467db2e6978b4a7][P-0038f24fdce04102854aabc0ed9bacdd][P-0833e03e125649c9bc7d4106bd36ec06][P-88618d46ede345d2b6d81b60c08291f8][T-cc7e598f750f4894a2abb75b8ff8af12][https://careers.usbank.com/global/en/about-u-s-bank]",
      "updatedAt": "2026-03-19T02:21:54.120537Z"
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    {
      "type": "PRODUCTS",
      "text": "U.S. Bancorp’s core retail products include checking accounts, savings accounts and time certificate contracts, alongside traditional consumer credit products, credit cards, debit cards and mortgage lending offered through branch, phone, online, ATM, mobile and mortgage-originator channels [P-8960ff4c72be4348927331c775570aa8][P-910f07ec4067473381f4d43cc3133464][P-ba68b5bff7864260a813d3f685948feb]. On its U.S. Bank platform, these products are marketed under specific names such as U.S. Bank Smartly® Checking, U.S. Bank Smartly® Savings, Certificate of Deposit and Step Up CD, while card products include the U.S. Bank Smartly™ Visa Signature® Card, U.S. Bank Shield™ Visa® Card, U.S. Bank Cash+® Visa Signature® Card, U.S. Bank Secured Visa® Card, U.S. Bank Visa® Debit Card, ReliaCard®, Focus Card and Expense Card [https://www.usbank.com/bank-accounts/checking-accounts/bank-smartly-checking.html][https://www.usbank.com/bank-accounts/savings-accounts/bank-smartly-savings.html][https://www.usbank.com/bank-accounts/savings-accounts/certificate-of-deposit.html][https://www.usbank.com/bank-accounts/savings-accounts/certificate-of-deposit/step-up-cd.html][https://www.usbank.com/credit-cards/][https://www.usbank.com/bank-accounts/checking-accounts/debit-cards.html][https://www.usbank.com/business-banking/business-services/business-prepaid-cards/business-expenditures/non-payroll-focus-card.html][https://www.usbank.com/business-banking/business-services/business-prepaid-cards/business-expenditures/expense-card.html].\n\nFor business, corporate and institutional clients, the company offers traditional credit products, lease financing, import/export trade services, asset-backed lending, agricultural finance, cash management, capital markets, treasury management and receivable lock-box collection [P-8960ff4c72be4348927331c775570aa8][P-cc4c5a0b19ba41f393cb40bde53a36c0][P-a4fb3591be884ffca6fb4200e6ca706f]. Its payment-services lineup specifically includes consumer and business credit cards, stored-value cards, debit cards, corporate/government/purchasing card services and merchant processing; related branded offerings on the website include Purchasing Card, Merchant Services, Enterprise Payment Processing Solutions, Treasury Management and Wholesale Lockbox Services [P-ba68b5bff7864260a813d3f685948feb][https://www.usbank.com/corporate-and-commercial-banking/treasury-payment-solutions/corporate-payment-services/corporate-credit-cards/purchasing-card.html][https://www.usbank.com/business-banking/merchant-services/contact-us.html][https://www.usbank.com/corporate-and-commercial-banking/treasury-payment-solutions/enterprise-payment-processing][https://www.usbank.com/corporate-and-commercial-banking/treasury-payment-solutions/treasury-management.html][https://wlockbox.usbank.com/].\n\nThe company also sells asset management and fiduciary services, corporate trust, brokerage, investment and insurance products, and fund administration services [P-8960ff4c72be4348927331c775570aa8][P-0833e03e125649c9bc7d4106bd36ec06][P-eec2c79ee364427b883e710277f4e88d]. Publicly listed solution sets in these areas include Global Corporate Trust, Structured Finance Services, Municipal Trustee Services, Document Custody Services, Global Fund Services, Mutual Fund Solutions and Fund Administration, Private Equity Fund Administration, and Alternative Investment Solutions [https://www.usbank.com/investment-services/global-corporate-trust.html][https://www.usbank.com/investment-services/global-fund-services.html][https://www.usbank.com/investment-services/global-fund-services/mutual-fund-services.html][https://www.usbank.com/investment-services/global-fund-services/private-equity-fund-administration.html][https://www.usbank.com/investment-services/global-fund-services/alternative-investment-solutions.html]. In 2024, the Payment Services segment, which contains the cards and merchant-processing products, generated $7.026 billion of net revenue, or 24.7% of the combined revenue of U.S. Bancorp’s three customer-facing operating segments; Wealth, Corporate, Commercial and Institutional Banking generated $12.151 billion and Consumer and Business Banking generated $9.231 billion [P-d00d2bf61dc145a09f8d507968b15b9b][https://www.sec.gov/Archives/edgar/data/36104/000003610426000011/R57.htm].\n[P-8960ff4c72be4348927331c775570aa8][P-910f07ec4067473381f4d43cc3133464][P-ba68b5bff7864260a813d3f685948feb][P-cc4c5a0b19ba41f393cb40bde53a36c0][P-a4fb3591be884ffca6fb4200e6ca706f][P-0833e03e125649c9bc7d4106bd36ec06][P-eec2c79ee364427b883e710277f4e88d][P-d00d2bf61dc145a09f8d507968b15b9b][https://www.usbank.com/bank-accounts/checking-accounts/bank-smartly-checking.html][https://www.usbank.com/bank-accounts/savings-accounts/bank-smartly-savings.html][https://www.usbank.com/bank-accounts/savings-accounts/certificate-of-deposit.html][https://www.usbank.com/bank-accounts/savings-accounts/certificate-of-deposit/step-up-cd.html][https://www.usbank.com/credit-cards/][https://www.usbank.com/bank-accounts/checking-accounts/debit-cards.html][https://www.usbank.com/business-banking/business-services/business-prepaid-cards/business-expenditures/non-payroll-focus-card.html][https://www.usbank.com/business-banking/business-services/business-prepaid-cards/business-expenditures/expense-card.html][https://www.usbank.com/corporate-and-commercial-banking/treasury-payment-solutions/corporate-payment-services/corporate-credit-cards/purchasing-card.html][https://www.usbank.com/business-banking/merchant-services/contact-us.html][https://www.usbank.com/corporate-and-commercial-banking/treasury-payment-solutions/enterprise-payment-processing][https://www.usbank.com/corporate-and-commercial-banking/treasury-payment-solutions/treasury-management.html][https://wlockbox.usbank.com/][https://www.usbank.com/investment-services/global-corporate-trust.html][https://www.usbank.com/investment-services/global-fund-services.html][https://www.usbank.com/investment-services/global-fund-services/mutual-fund-services.html][https://www.usbank.com/investment-services/global-fund-services/private-equity-fund-administration.html][https://www.usbank.com/investment-services/global-fund-services/alternative-investment-solutions.html][https://www.sec.gov/Archives/edgar/data/36104/000003610426000011/R57.htm]",
      "updatedAt": "2026-03-19T02:21:54.120537Z"
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    {
      "type": "GEOGRAPHY",
      "text": "U.S. Bancorp is headquartered in Minneapolis, Minnesota, and its principal executive office is at 800 Nicollet Mall, Minneapolis, Minnesota 55402.[P-cc4c5a0b19ba41f393cb40bde53a36c0][P-0d1a9628b26b48ac8a18423fe023b50f][P-e28722fa7d39457baab391a11568c979] Its banking and investment services are delivered through a U.S. branch and office network that is concentrated primarily in the Midwest and West regions.[P-eec2c79ee364427b883e710277f4e88d] As of December 31, 2024, the company operated 2,165 branches across 26 states and 4,489 ATMs.[P-eec2c79ee364427b883e710277f4e88d] Mortgage banking services are provided through banking offices and loan production offices throughout its domestic markets.[P-eec2c79ee364427b883e710277f4e88d]\n\nThe company describes its core banking, lending, investment, and insurance activities as being principally in domestic markets.[P-7b7a4a9e40334f74a467db2e6978b4a7][P-8960ff4c72be4348927331c775570aa8] Commercial and consumer lending is aimed mainly at customers in those domestic markets, domestic customers with foreign operations, and large national customers in targeted industries.[P-7b7a4a9e40334f74a467db2e6978b4a7] Outside the U.S., its subsidiaries provide merchant processing services in Canada and parts of Europe, and corporate trust and fund administration services in Europe, but the company states that these foreign operations are not significant.[P-eec2c79ee364427b883e710277f4e88d] As of December 31, 2024, U.S. Bancorp employed 70,263 people globally, and its workforce strategy emphasized in-person engagement across more than 20 corporate hub locations, along with its branch network and business centers.[P-88618d46ede345d2b6d81b60c08291f8]\n[P-cc4c5a0b19ba41f393cb40bde53a36c0][P-0d1a9628b26b48ac8a18423fe023b50f][P-e28722fa7d39457baab391a11568c979][P-eec2c79ee364427b883e710277f4e88d][P-7b7a4a9e40334f74a467db2e6978b4a7][P-8960ff4c72be4348927331c775570aa8][P-88618d46ede345d2b6d81b60c08291f8]",
      "updatedAt": "2026-03-19T02:21:54.120537Z"
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    {
      "type": "SEGMENTS",
      "text": "U.S. Bancorp officially reports four business segments: Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support. The company does not separately report wealth management, corporate/commercial banking, or corporate trust as standalone segments; those activities are grouped within Wealth, Corporate, Commercial and Institutional Banking. [P-d00d2bf61dc145a09f8d507968b15b9b][P-a4fb3591be884ffca6fb4200e6ca706f]\n\nWealth, Corporate, Commercial and Institutional Banking provides core banking, specialized lending, transaction and payment processing, capital markets, asset management, and brokerage and investment-related services for wealth, middle-market, large corporate, government, and institutional clients. Consumer and Business Banking comprises consumer banking, small-business banking, and consumer lending delivered through branches, digital channels, call centers, mortgage officers, and third-party relationships. Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate/government/purchasing card services, and merchant processing. Treasury and Corporate Support covers investment portfolios, funding, capital management, interest-rate risk management, unallocated taxes, and residual corporate expenses. [P-a4fb3591be884ffca6fb4200e6ca706f][P-910f07ec4067473381f4d43cc3133464][P-ba68b5bff7864260a813d3f685948feb][P-5b331524b57543d69fa32c55d50c87ce]\n\nBased on 2024 segment net revenue, Wealth, Corporate, Commercial and Institutional Banking was the largest segment at about 43% of reportable-segment net revenue, Consumer and Business Banking contributed about 33%, and Payment Services about 25%; Treasury and Corporate Support was negative on a net revenue basis, functioning mainly as a corporate/support offset rather than a revenue-generating operating business. In 2023, the mix was broadly similar at roughly 41% for Wealth, Corporate, Commercial and Institutional Banking, 36% for Consumer and Business Banking, and 23% for Payment Services. [https://www.sec.gov/Archives/edgar/data/36104/000003610426000011/R57.htm]\n[P-d00d2bf61dc145a09f8d507968b15b9b][P-a4fb3591be884ffca6fb4200e6ca706f][P-910f07ec4067473381f4d43cc3133464][P-ba68b5bff7864260a813d3f685948feb][P-5b331524b57543d69fa32c55d50c87ce][https://www.sec.gov/Archives/edgar/data/36104/000003610426000011/R57.htm]",
      "updatedAt": "2026-03-19T02:21:54.120537Z"
    },
    {
      "type": "HISTORY",
      "text": "U.S. Bancorp traces its roots to July 13, 1863, when its predecessor, the First National Bank of Cincinnati, received national bank charter No. 24. The modern company was shaped by late-20th-century bank consolidation: in 1997, First Bank System moved to acquire U.S. Bancorp of Portland, a transaction the company highlights in its history and that the Federal Reserve approved in June 1997. In that same broader period of expansion, the company’s lineage also added Mercantile, which closed on September 20, 1999.[https://www.usbank.com/about-us-bank/history.html][https://www.federalreserve.gov/boarddocs/press/bhc/1997/19970623/][https://ir.usbank.com/shareholder-information/acquisition-exchange-ratios/default.aspx]\n\nAnother major milestone came in February 2001, when Firstar Corporation merged with U.S. Bancorp; the resulting holding company retained the U.S. Bancorp name and Minneapolis headquarters, and the transaction closed on February 27, 2001. The company later continued to expand through acquisitions including United Financial Corporation, which closed on February 6, 2007, and MUFG Union Bank’s core regional banking franchise, which closed on December 1, 2022; MUFG Union Bank was then merged into U.S. Bank National Association on May 26, 2023.[https://www.federalreserve.gov/boarddocs/press/bhc/2001/200102124/attachment.pdf][https://ir.usbank.com/shareholder-information/acquisition-exchange-ratios/default.aspx][P-1fa56f92fbe34d9196cf92897657543f][P-705b052e621d44dca29344cf07727fb6]\n[P-1fa56f92fbe34d9196cf92897657543f][P-705b052e621d44dca29344cf07727fb6][https://www.usbank.com/about-us-bank/history.html][https://www.federalreserve.gov/boarddocs/press/bhc/1997/19970623/][https://ir.usbank.com/shareholder-information/acquisition-exchange-ratios/default.aspx][https://www.federalreserve.gov/boarddocs/press/bhc/2001/200102124/attachment.pdf]",
      "updatedAt": "2026-03-19T02:21:54.120537Z"
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