U.S. Bancorp is the holding company of U.S. Bank, the fifth-largest U.S. commercial bank, offering consumer and business banking, wealth management, mortgages, cards and global payment processing via Elavon.
U.S. Bancorp is the holding company of U.S. Bank, the fifth-largest commercial bank in the United States. Headquartered at 800 Nicollet Mall in Minneapolis, Minnesota, the group operates 3,661 branches and 4,771 ATMs nationwide. Its national bank charter, No. 24, was approved on July 13th 1863 by Abraham Lincoln's administration, giving the institution a corporate history spanning more than 160 years. As a chartered national bank and a publicly listed financial holding company, U.S. Bancorp operates within a heavily regulated framework governing consumer finance, payments, lending and securities activity.
The bank's business lines span personal banking, business banking, wealth management, mortgage lending, credit cards and investment solutions. Its payment processing subsidiary, Elavon, serves more than 1.5 million customers globally. Technology is a substantial part of the group's operations, covering digital and mobile banking, online investing tools, digital payments and payment processing infrastructure.
The organisation combines an extensive physical network with digital platforms, and serves individuals, businesses and communities across the United States. U.S. Bank also holds naming rights to U.S. Bank Stadium in Minneapolis.
