Office address: 800 Nicollet Mall, Minneapolis, MN 55402
Website: usbank.com
Year established: 1863
Company type: banking
Employees: 70,000+
Expertise: consumer banking, business banking, payment services, wealth management, asset management, commercial lending, mortgage services, digital banking, treasury management, corporate banking
Parent company: US Bancorp
Key people: Gunjan Kedia (CEO); John Stern (CFO); Stephen Philipson and Mark Runkel (vice chairs); Courtney Kelso, Arijit Roy, and Felicia La Forgia (senior EVPs)
Financing status: corporation
US Bank is a leading commercial bank, serving millions through branches and digital tools. The company is based in Minneapolis, Minnesota, with about 70,000 employees and more than 2,000 locations across 26 states. It is part of US Bancorp, a Fortune 500 company with $664 billion in assets and $27 billion in yearly revenue as of 2024.
US Bank’s story began in 1863, when First National Bank of Cincinnati received a national charter during Abraham Lincoln’s presidency. Over time, the company grew by merging with other historic banks, including First National Bank of Minneapolis and United States National Bank of Portland.
The company’s past includes unique events like the 1889 Telluride branch robbery by Butch Cassidy. In 1929, a predecessor bank helped finance Charles Lindbergh’s transatlantic flight, showing an early connection to American milestones. During the Great Depression, US Bank’s predecessor stood out by keeping customer withdrawals unrestricted.
US Bank launched drive-up branches in the 1950s and added automated teller machines in the 1970s. The company supported Sam Walton’s first Walmart store outside Arkansas in the 1960s and has since built relationships with many Fortune 500 companies. By the 1990s, it was leading in digital banking, with online services that now handle most consumer transactions.
A series of mergers in the late 1990s and early 2000s brought together banks from several states under the US Bank name. Recent years have seen more digital innovation, community giving, and the 2022 acquisition of MUFG Union Bank.
In 2024, US Bank combined several teams into a new private capital division to better serve clients seeking specialized investment solutions. In 2025, Gunjan Kedia became president and CEO, guiding the company’s ongoing growth.
US Bank offers a range of investment products and services for individuals, businesses, and institutions:
US Bank combines digital tools with expert advice for a full investment experience. Clients can access both personal and institutional solutions.
US Bank states that its workplace culture is built on growth, discovery, and a long history in banking. According to the company, employees are encouraged to share ideas and help shape an evolving legacy. Their values include:
US Bank’s work environment and benefits support wellbeing, professional growth, and success for all team members. Benefits include:
The company also supports inclusion through Business Resource Groups, which help staff connect and grow. These groups empower employees to contribute to both the company and local communities.
Gunjan Kedia is president and CEO of US Bancorp and serves on the board of directors. Before this, Kedia led the company’s business lines and held senior roles at State Street Financial and BNY Mellon. She holds an MBA from Carnegie Mellon and a bachelor’s in engineering from Delhi School of Engineering.
Here are some of the key people leading the bank’s main business lines and strategy:
The managing committee brings together leaders with deep industry knowledge and a focus on innovation.
US Bank launched the Access Commitment strategy to help close the wealth gap for African Americans near its Minneapolis headquarters. The company focused on boosting financial education, homeownership, and access to resources in underserved communities. This effort supports US Bank’s future by building stronger community relationships and helping clients achieve long-term financial stability.
It also released its 2025 Wealth Report to better understand how Americans feel about reaching financial goals. The firm found that many people, especially younger adults, feel uncertain about homeownership and retirement due to economic pressures. US Bank uses these insights to guide clients toward practical financial planning and greater confidence.
Former South Florida lawyer Scott Rothstein was sentenced to 50 years in prison for using his law firm to run a $1.2 billion Ponzi scheme that financed a lavish lifestyle, bankrolled his firm and bought political influence.
So far, star analyst's prediction of disaster for tax-exempt sector way off the mark; other made similar forecasts
The swath of destruction cut by allegedly fraudulent private placements created by Provident Royalties LLC and Medical Capital Holdings Inc. is practically unprecedented in the securities industry
SIPC files suit against MF Global claiming brokerage can't pay clients
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition
Creditors left holding the bag after Jefferson County goes bust; 'catastrophic mistake'
Last dance for Florida firm that hawked Provident Reg D offering; lawyer claims Finra was the bigger problem, however
April agreement for JPMorgan Chase & Co. to return $800 million in cash and securities approved by judge
The trustee liquidating Bernard L. Madoff's defunct investment firm asked a judge to authorize payments to him and his law firm of $43.2 million for four months' work, bringing total fees sought in the case to $175.5 million since Mr. Madoff's arrest
Hughes Hubbard & Reed LLP were paid $19.2 million in fees and $284,451 for expenses from June 1 through Sept. 30. High fees in the liquidations of the Lehman brokerage, and of the jailed Ponzi-scheme operator Bernard Madoff's firm, might deplete the $2.5 billion fund of the Securities Investor Protection Corp., an audit found.
An ex-Lehman Brothers Holdings Inc. brokerage executive took his fight for $19.6 million in bonuses to a higher court after a bankruptcy judge said Barclays Plc didn't agree to be bound by his Lehman contract when it bought the brokerage.
JPMorgan Chase & Co. will settle claims against it brought by Lehman Brothers Holdings Inc.'s brokerage by returning $800 million in cash and securities, according to court papers.
The trustee liquidating Bernard L. Madoff's defunct investment firm asked a judge to pay him and his law firm $43.2 million for four months' work, bringing total fees sought in the case to $175.5 million since Madoff's arrest.
Nearly 100 small to midsize independent broker-dealers find themselves in trouble over sales of tenant-in-common exchanges, a form of real estate ownership in which two or more parties hold fractional interests in a property
A group of “several hundred” former customers of con man Bernard Madoff objected to a request for $34.6 million in legal fees by Irving Picard, the trustee overseeing the Madoff bankruptcy, and his law firm.
