U.S. Bank's history dates back to 1863 when First National Bank of Cincinnati opened for business. As regional banks proliferated across the country in the years that followed, a number of other predecessors were born. After a series of mergers at the turn of the 21st century, they formally took on the U.S. Bank name and established their headquarters in Minnesota. Their relationships are built on trust that they build every day through every interaction. Their employees are empowered to do the right thing to ensure they share their customers’ vision for success. Their diverse business mix is fundamental in delivering a consistent, predictable and repeatable financial performance year after year. Their core businesses include Consumer & Business Banking, Corporate & Commercial Banking, Payment Services and Wealth Management & Investment Services. Through their “One U.S. Bank” philosophy, they are able to bring the power of the whole bank to every customer, every single day.
Today, U.S. Bank is the fifth-largest bank in the United States, with more than 70,000 employees and $495 billion in assets as of December 31, 2019.
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