U.S. Bank National Association is ranked fifth in terms of the total assets it holds. According to the latest FDIC data, the total value of assets now exceeds $389.0 billion, which places it at the fifth position after the four largest banks of the USA – JPMorgan Chase, Bank of America, Citibank, and Wells Fargo. US Bank also ranks fourth in terms of total branches and sixth in terms of deposits. More than 63,000 people work at nearly 3,100 locations to serve over 16 million customers nationwide. A recent study by Keynote Systems has put US Bank on top of all banks in overall customer experience of credit card users.
As a commercial bank, the bank primarily offers consumer and business banking services that include Savings & CDs, Checking, Check Card & Credit Card, Mortgage, Home Equity, Personal Line of Credit, and a variety of other loans, which include student loans, auto loans, and boat loans, etc. Apart from that, the bank offers wealth management & wholesale banking services, investment banking & trust services, financial planning & insurance services, and global payment services across all those states where it has branches.
A peek into the history of US Bank reveals that it started operation way back in 1863 as The First National Bank of Cincinnati. Over the years, it continued to grow through several mergers and acquisitions, which were sometimes followed by a change in its name, such as Star Bank in 1991 and Firstar Bank in 1999. The present name was adopted in 2001 when Firstar Bank acquired U.S. Bancorp and decided to function under the name of the company that it had bought.
US Bank maintains a diverse profile to offer a range of banking solutions to individuals, small businesses and commercial and government enterprises. To help its users access the services more comfortably, it has put in place a technology-driven online banking platform where customers can easily pay bills, view account details and perform various transactions. The mobile banking features let the users do most of their normal banking activities on the go. Moreover, users can also find online information related to mortgage rates, routing number, bank holidays, and careers, etc.
|Bank Name||U.S. Bank National Association|
|Year of Establishment||7/13/1863|
|FDIC Insured Since||1/1/1934|
|FDIC Certificate No||6548|
|Number of Branches||3239 domestic + 1 foreign|
|Number of ATMs||5309|
|Number of Employees||64,040|
|Number of States Served||28 States|
|Services Offered (Available Accounts)||CDs, Checking, Credit Cards, Debit Cards, IRAs, Savings|
|Mobile and Online Banking||Accout Balance, Transaction History, Fund Transfer|
|Assets (June 30, 2014)||384,193,608|
|Deposits (June 30, 2014)||286,193,358|
|Equity Capital (June 30, 2014)||40,443,727|
|Net Income (June 30, 2014)||1,434,795|
|Primary Federal Regulator||Office of the Comptroller of the Currency|
|Address||425 Walnut Street, Cincinnati,OH 45202|
(Courtesy: FDIC as on June 30, 2014)