Description
U.S. Bancorp, headquartered in Minneapolis, Minnesota, and incorporated in Delaware, serves as the holding company for the U.S. Bank National Association, ranking as the fifth largest banking institution in the United States.
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Offering a range of financial services, including banking, investment, mortgage, trust, and payment products, the company operates over 3,100 branches and 4,800 ATMs, predominantly in the Western and Midwestern U.S.
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As of 2023, it holds the 149th position on the Fortune 500 list and holds the designation of a systemically important bank by the Financial Stability Board.
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U.S. Bancorp also owns Elavon, a credit card transaction processor, and Elan Financial Services, a credit card issuer serving small credit unions and banks nationwide.
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Established in 1863 under the National Bank Act, U.S. Bancorp operates under the second-oldest continuous national charter, with the oldest held by Wells Fargo following its merger with Wachovia.
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