U.S. Bancorp

A regional bank holding company based in Minneapolis.

Business
April 19
U.S. Bank over the next two years will reshape its network of 3,000 branches in 25 states with closures, remodelings and openings. When it's done, exe

U.S. Bank to trim 300 branches during network overhaul

As more people bank online, fewer locations are necessary.
Business
April 17
U.S. Bancorp said its first-quarter profit rose 1.4%, led by higher interest income.

U.S. Bank execs confident about economy as current expansion nears record

U.S. Bancorp leaders join other financial executives who believe expansion will continue
Business
March 29
Actress Pooja Shah depicts a U.S. Bank customer in one of the commercials in a new campaign designed to show the bank's role in everyday life.

U.S. Bank to launch ad campaign focused on everyday banking and new app

The bank is shifting from ads that emphasized "possibilities" to those that depict outcomes.
Business
March 22
U.S. Bank senior executive Gareth Gaston led the core group that designed the app. He said in order to be helpful to customers, the new banking app sh

U.S. Bank gets ready to roll out a whole new app

The app, which took hundreds of U.S. Bank employees a year to build, reflects a new relationship between banks and customers.
Business
January 16
U.S. Bancorp said its profit rose 10 percent in the last three months of 2018.

With loans growing and profits high, U.S. Bank is upbeat about 2019

After record profit in 2018, banking giant sees strong loan growth continuing.
Business
January 11
This Wednesday, May 3, 2017, photo shows a U.S. Bank branch in Omaha, Neb.

U.S. Bank offers nearly interest-free loans to customers who are government workers

The company is offering loans of up to $6,000 that must be repaid in a year.
Business
December 24, 2018
A federal government watchdog has has ended intense scrutiny of U.S. Bancorp’s anti-money laundering practices. (TOM SWEENEY/Star Tribune file photo

Government watchdog ends intense oversight of U.S. Bank's fight against money laundering

The OCC order dealt with anti-money laundering practices by the company.
Business
October 24, 2018
U.S. Bancorp on Wednesday said its annual review process would lead to the elimination of about 700 jobs, or 1 percent of its workforce. But the compa

U.S. Bancorp is eliminating about 700 jobs amid business shifts

Job cuts happen annually at the country's fifth-largest bank, but it will end the year with 2,000 more workers.
Business
October 17, 2018
At U.S. Bank, one out of two customers now use the firm’s digital apps and online services. Its parent reported record quarterly profits on Wednesda

With profit rising, U.S. Bank passes a milepost in digital banking

Customer usage accelerates as U.S. Bank rolls out more services online and via apps.
Business
September 26, 2018

U.S. Bancorp sells its debit-card service business to Fiserv for $690 million

The business provides ATM-related services to other banks and credit unions.
Business
September 10, 2018
U.S. Bank is unveiling Simple Loan on Monday, putting the nation’s fifth-largest bank in more direct competition with payday lenders and other finan

U.S. Bank rolls out Simple Loan, offering small-dollar loans to compete with payday lenders

Small-dollar lending puts it in closer competition with payday lenders.
Business
September 5, 2018
John Elmore, left, will retire as head of U.S. Bank's more than 3,000 retail branches in March. He will be succeeded by Tim Welsh, right, who will lea

U.S. Bank restructures retail operation as Elmore retires

The company will also appoint its first chief digital officer.
Business
September 4, 2018

U.S. Bank unit Elavon buys Electronic Transaction Systems in fintech deal

The deal will allow Elavon to integrate payment processing into software developed by ETS, the companies said.
Business
August 15, 2018
Jodi Richard was appointed vice chairman and chief risk officer for U.S. Bank, effective Oct. 1.

U.S. Bank appoints Richard as chief risk officer

Jodi Richard joined U.S. Bank in 2014 after a risk management role at HSBC and serving as a national bank examiner for the Comptroller of the Currency.
Business
July 18, 2018
U.S. Bancorp's second-quarter profit rose 17 percent in the second quarter.

Good times are rolling at U.S. Bancorp, with just one bit of caution

Executives upbeat though also wary of anything that might signal a recession.
Business
April 18, 2018
U.S. Bancorp reported a 13 percent jump in first quarter profit but its stock fell as investors fretted over the company's expense growth.

U.S. Bank's profit rises, but investors fret about spending growth

Quarter profits saw a 13 percent increase, but stock prices fell a bit over spending anxiety.
Business
October 18, 2017
Late afternoon light cut between buildings illuminating the US Bank flag as it blew in the wind outside the US Bank Building Wednesday in downtown Min

Higher interest rates, loan growth drive U.S. Bancorp's profit up, but not enough for some investors

Executives were upbeat about the broad economy heading into 2018.
Business
July 19, 2017
U.S. Bancorp's second-quarter profit dipped slightly on a comparison that included a one-time net gain, but it showed gains in all key performance mea

U.S. Bank turns a corner on efficiency, momentum builds for revenue growth

Company took big strides in the second quarter, CEO Andy Cecere's debut.
Business
April 19, 2017
U.S. Bancorp said its first-quarter profit rose 6.3 percent.

U.S. Bancorp beats forecasts with 6.3 percent jump in profit

The company's new CEO began his first full day on the job with an earnings beat.
Business
January 25, 2017
“We’re in a position with a new administration, five days old, with a new game afoot where the rules aren’t exactly clear and when now is the ti

As Trump settles in, U.S. Bank's Davis suggests optimism and readiness

The U.S. Bancorp CEO says there is "a new game afoot" in the country.
Business
October 21, 2016
A server room in a Manhattan data center.

Schafer: Cyberprotection requires vigilance

U.S. Bancorp’s head of cybersecurity, Jason Witty, uses the internet for pretty much everything. He even described in a recent conversation how he bought a…
Business
October 19, 2016
U.S. Bank reported a 1 percent jump in third-quarter profit.

U.S. Bancorp's Richard Davis says banks are still fighting for their reputation

U.S. Bancorp reports "solid" results, but the CEO says Wells Fargo's problems are an issue for financial industry
Business
July 15, 2016
U.S. Bancorp reported another record quarterly profit despite a low interest rate environment that continues to challenge the entire banking industry.

Even as interest rates remain low, U.S. Bancorp reaps record profit

The Minneapolis company has found a way to thrive in a market with low interest rates.
Business
March 10, 2016

Paywatch: St. Jude Chairman Daniel Starks made $13.5 million last year

Patrick Kennedy Daniel starks St. Jude Medical Inc. Executive chairman Total compensation: $13,538,010 for the year ended Dec. 31, 2015 Salary: $1,110,000 Non-equity incentive pay: $1,453,545…
Business
March 9, 2016
Richard Davis, chief executive of U.S. Bancorp

U.S. Bancorp CEO Richard Davis had $21.8 million in total compensation for 2015

Richard Davis chairman and CEO of U.S. Bancorp Total compensation: $21,754,748 for the year ended December 31 Salary: $1,300,000 Non-equity incentive pay: $2,304,900 Other compensation:…