U.S. Bancorp

Parent company of U.S. Bank

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Headquarters: U.S. Bancorp Center
800 Nicollet Mall
Minneapolis, MN 55402
Employees: 60,000
CEO: Richard Davis
Stock Symbol: USB

Website: http://www.usbank.com

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U.S. Bancorp, with assets of $308 billion, is the parent company of U.S. Bank, the fifth-largest commercial bank in the nation.

The company operates 3,031 banking offices in 24 states and 5,310 ATMs providing a full line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

In 2010, the company had revenues of $18.1 billion and net income of $3.26 billion. The company had total deposits of $184.7 billion at the end of 2010, a 10.1% increase.

History

Today's U.S. Bancorp has been formed by the merger of over 50 large and small banks since 1988. On January 27, 2001, Firstar and US. Bancorp merged to form U.S. Bancorp.

The original U.S. Bancorp succeeded the United States National Bank of Portland established in Portland, OR in 1891. It changed its name to the United States National Bank of Oregon in 1964. That corporation was acquired in 1997 by First Bank System, Inc., which had its headquarters in Minneapolis, MN. First Bank System changed its name to U.S. Bancorp.

The company received $6.5 billion in funds from the U.S. Treasury during the financial crisis in 2008 and repaid the money in 2009.

Benefits

Health Insurance
Health, pharmacy, vision and dental coverage for employees as well as their eligible dependents (children, spouses and domestic partners)
Accident Insurance
Business travel accident insurance provided by U.S. Bank at no cost and Accidental Death and Dismemberment insurance for employees and their eligible dependents
Disability Insurance
Short- term disability coverage provided by U.S. Bank and long-term disability coverage, which replaces a percentage of pay should you become disabled
Life Insurance
Employee and dependent term life insurance as well as supplemental group universal life insurance
Reimbursement Accounts
Pre-tax flexible spending accounts for medical, child care, parking, and transit expenses
Retirement Benefits
Immediate eligibility for our voluntary 401(k) plan and generous company match after one year of service, retiree health care coverage, and a company pension plan that vests after five years of service
Medical Decision-Making and Disease Management
Nurse advice line; confidential support for individuals with chronic conditions such cancer, depression, low back pain and more
Wellness
Discounts on Weight Watchers and memberships at nearly 10,000 fitness clubs around the country; stop smoking and healthy pregnancy programs; numerous resources for medical, nutrition and wellness information
Childbirth and Adoption Assistance
Eight weeks of paid maternity leave; two weeks of adoption leave and adoption assistance up to $2,500
Time Off
Vacation, paid sick time, paid holidays, time off for volunteering, plus the option to purchase additional vacation; up to 12 weeks of unpaid leave to care for sick parents, children, spouse or partner
Development Opportunities
Mentoring, tuition reimbursement, financial training courses, plus our proprietary Development Network (with chapters around the nation to foster personal and professional advancement) allows employees to connect, build skills and enhance their leadership abilities
More Perks
Discounts on U.S. Bank mortgages, checking, financial planning and other services; employee bonuses; voluntary employee assistance fund to help colleagues in need (up to $10,000); $500 - $1,000 contribution to Five Star Volunteer Award winners’ charity of choice; and matching charitable contributions

Updated January 23, 2011