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.
The SEC and U.S. Attorney's office are investigating an alleged loan fraud sold, at least in part, through a network of unregistered brokers and financial advisers.
Ponzi deniers seek access to master database to disprove fraud and hold on to $100 million in 'profits.'
This month's edition kicks off with the big news that robo-advisor-turned-enterprise-digital-advice platform SigFig has raised a whopping new $50M round from famous VC firm General Atlantic.
Cresset Capital Management is adding a family office to its 1-year-old practice.
The battles between Tilton and Zohar's creditors justify the appointment of a trustee, U.S. argues.
Tilton plans to refinance debt or sell assets of the three structured debt vehicles.
Just as there is reversion to the mean in stock returns, there is reversion to the mean for stock volatility.
Settlement brings recovery for victims of Bernard Madoff's Ponzi scheme to about 72 cents for every dollar in principal that was wiped out.
<i>InvestmentNews</i> gathers client and asset data to assemble company rankings.
Streamlined non-purpose loans use investment portfolios as collateral.
A fraud investigator shares tales from the dark side of human nature.
This is the third multimillion-dollar loss involving Puerto Rico bonds or bond funds UBS has seen since December.
There is still time for investors to help fulfill their philanthropic passions and also reduce their tax bills.
Investing through offshore channels protects investors from legal efforts to clawback gains.
