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Home > Fortune 500 Companies > U.S. Bancorp
U.S. Bancorp
U.S. Bancorp is a publicly traded company having a good stock performance result. It is a fortune 500 stock listed company trading under USB .It was incorporated in 1929 is headquartered in Minneapolis, Minnesota.
USB, a financial holding company, provides various financial services, including lending and depository services, cash management, foreign exchange, and trust and investment management services in the United States. It accepts checking accounts, savings accounts, and time certificate contracts. The company’s loan portfolio primarily comprises loans and credit lines, home equity loans, student loans, auto loans, personal loans, and personal lines of credit.
U.S. Bancorp, with assets of 209 billion dollars, is the 6th largest financial services holding company in the United States. The company operates 5,003 ATMs providing a full line of banking, brokerage, insurance, investment, mortgage, and trust and payment services products to consumers, businesses and institutions. Their premier Five Star Service Guarantee assures customers of key valuable banking benefits and services or customers will be paid for their inconvenience.
It also offers mortgage banking, insurance, brokerage, leasing, and investment banking services to individuals, businesses, and institutions. It also offers foreign exchange, treasury management, and receivable lock-box collection, as well as mortgage, commercial credit vehicles, and financial and asset management services. In addition, it provides check conversion products and services, including onsite electronic deposit and electronic cash letter, and health savings accounts.
The company primarily invests in the U.S. treasury securities, obligations of state and political subdivisions, debt securities, mortgage-backed securities, and asset-backed securities. As of December 31, 2005, the company operated 2,419 branches and 5,003 ATMs. U.S. The business provided by U.S. Bancorp through U.S. Bank and other subsidiaries include Wholesale Banking; Payment Services; Private Client, Trust and Asset Management, and Consumer Banking. On December 30, 2005, the Company acquired the corporate trust and institutional custody businesses of Wachovia Corporation.
The Company works with community partners who understand the needs of individuals, families and organizations, and match our resources with those community needs. Through their collaborations, families can find affordable places to call home, people can gain job skills, kids from diverse backgrounds can achieve in school, and the wealth of the arts can become more accessible to everyone. Working together, they can develop creative solutions that maximize their human and financial potential.
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