U.S. Bancorp

U.S. Bancorp is a financial services holding company, providing a range of banking, investment, and other financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. Founded in 1863 and headquartered in Minneapolis, Minnesota, U.S. Bancorp operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support. The company offers a wide range of services, including depository services such as checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; credit card services; lease financing; import/export trade; asset-backed lending; agricultural finance; capital markets; treasury management; receivable lock-box collection services; a range of asset management and fiduciary services; investment and insurance products; fund administration services; corporate and purchasing card; corporate trust services; merchant processing services; investment management; ATM processing; mortgage banking; insurance; and brokerage and leasing services. As of December 31, 2021, U.S. Bancorp had 2,230 banking offices and 4,059 ATMs located across the Midwest and West regions of the United States. The company also provides its services through online services, over mobile devices, and other distribution channels. In 2021, U.S. Bancorp reported total assets of $541 billion and total net revenue of $22.5 billion. The company’s net income was $7.6 billion in 2021, representing a year-over-year increase of 4%.