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 $281 billion, is the parent company of U.S. Bank, the fifth-largest commercial bank in the nation.

The company operates 3,015 banking offices in 25 states and 5,148 ATMs providing a full line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

In 2009, the company had revenues of $19.4 billion and net income of $2.2 billion. The company had total deposits of $167.8 billion at the end of 2009.

U.S. Bancorp Chairman, President and Chief Executive Officer Richard Davis said, "U.S. Bancorp's fourth quarter and full year 2009 earnings fully reflected the strength and quality of the Company, as we achieved record total net revenue for both the quarter and the year. The strong growth in net revenue, the result of our expanding balance sheet and fee-based businesses, as well as recent investments in our branch network and various growth initiatives, was the primary driver behind the increase in fourth quarter earnings compared with the same period of 2008. For the full year of 2009 our Company earned $2.2 billion, or $.97 per diluted common share. Although operating income for the year was higher by 14.4 percent, the very difficult credit environment and ensuing rise in credit costs, resulted in bottom line earnings that were lower than 2008. Importantly, despite the stressed economy and uncertain environment, our Company is, and expects to remain, profitable, owing to our diversified revenue stream, strong balance sheet, conservative approach to risk management and the momentum of our business lines.

U.S. Bank said in February it was looking to hire 60 skilled technology workers for its Brookfield, WI credit card issuing technology team.

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 March 4, 2010