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.
Thanks to the Fed, outlook stays positive for stocks
Financial advisers should diversify into credit-risk strategies.
Treasury yields hit the floor while stocks hope for the best.
Investors and money managers caught off guard by commodity markets.
Firm agreed to leave more than 40 senior staffers alone until September or until RCS Capital's bankruptcy plan becomes effective.
Corporate execs and activist investors get the biggest bang from repurchase plans.
The precious metal is already up nearly 17% from the start of the year, and some analysts are now suggesting the case for gold is getting even stronger.
Investors are piling in to gold funds, ETFs
Some analysts say the pullback makes more sense than the rally
Capital goods orders increase by the most since June 2014
Bernard Madoff's victims are getting an early holiday treat as the trustee unwinding his fraud begins sending out a total of $1.2 billion in recovered funds.
Most analysts and advisers expect a gradual climb tempered by economic performance.
A word of advice: Don't go into business with your dead partner's wife's attorney
<i>Breakfast with Benjamin:</i> After the big IRS data breach, few people probably trust the agency regarding data security. Nonetheless, it's offered a checklist of ways to avoid becoming a tax-scam victim.
