U.S. Bancorp · Minneapolis, MN United States ·(NYSE: USB)
Company Description
Phone: 651-466-3000
Fax: 612-303-0782
Toll Free: 800-872-2657
Rankings
- #163 in FT Global 500
- #129 in FORTUNE 500
- S&P 500
View U.S. Bancorp Locations On A US Map
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This link will open in a new window Not quite a bank for the entire US, U.S. Bancorp has approximately 2,800 locations and 5,000 branded ATMs in two dozen midwestern and western states. The bank holding company, one of the 10 largest in the country, owns U.S. Bank and other subsidiaries that provide consumer and commercial banking, as well as credit card and ATM processing, mutual funds, mortgage banking, brokerage, wealth management, equipment leasing, trust services, corporate payments, and insurance. In late 2008 U.S. Bancorp acquired the banking operations of the failed California-based banks Downey Savings & Loan and PFF Bank & Trust in an FDIC -assisted transaction. To read the full description, subscribe now.
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Key U.S. Bancorp Financials
| Company Type | Public - NYSE: USB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $14,543.0 |
| 2008 Employees | 57,000 |
U.S. Bancorp Executives
68 executives listed for U.S. Bancorp's Minneapolis, MN location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Richard Davis | Network |
| Vice Chairman | Joseph Hoesley | Network |
| Vice Chairman and CFO | Andrew Cecere | Network |
Competition
Competitive Landscape for U.S. Bancorp
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top U.S. Bancorp Competitors
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