U.S. BANCORP

'U.S. Bancorp' () is a financial services holding company, headquartered in Minneapolis, Minnesota. Its retail division is 'U.S. Bank', the sixth-largest bank in the United States based on holdings.
U.S. Bancorp was number 131 in the Fortune 500 list of major U.S. companies for 2006.

Contents

History

Coverage

Subsidiaries

Namesakes

External links

History

The present day U.S. Bancorp developed from a number of mergers, beginning with Firstar Corporation's (formerly First Wisconsin National Bank) merger with Star Bank (formerly First National Cincinnati) of Cincinnati, Ohio in 1999. Five months later, Firstar acquired Mercantile Bancorporation of St. Louis, Missouri. The final major acquisition was Firstar's buyout of U.S. Bancorp, headquartered in Minneapolis, Minnesota. That buyout was completed on February 27 2001. Firstar changed its name to U.S. Bancorp at that time.
The original U.S. Bancorp was the successor of the United States National Bank of Portland, which was founded in Portland, Oregon in 1891 and 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, Minnesota. With that acquisition, First Bank System changed its name to U.S. Bancorp. First Bank System was the successor of a bank holding company formed in 1929 by several banks in the Upper Midwest, most notably the First National Bank of Minneapolis and the First National Bank of St. Paul, both of which had been founded in 1864.[1][2][3][4]
Several other banks were acquired by U.S Bancorp's legacy companies. Other banks that were bought by Firstar include Banks of Iowa, Federated Bank, First Colonial Bankshares Corporation, and Investors Bank. Banks bought by Mercantile Bancorporation include Mark Twain Bancshares, Firstbank of Illinois, Hawkeye Bancorporation, and Ameribanc. Star Bank Corporation bought Great Financial Bank, and US Bancorp bought West One Bancorp and WestStar Bank

Coverage

U.S. Bancorp has locations in Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Massachusetts, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming. It has some operations in Canada as well.

Subsidiaries

Former subsidiaries include Piper Jaffray , which became an independent, publicly held
company following its spin-off from U.S. Bancorp on December 31, 2003.

Namesakes

The U.S. Bank Tower in Los Angeles is named for this company, as is the US Bancorp Tower in Portland, Oregon, U.S. Bank Center in Seattle, WA, the U.S. Bank Tower in Cincinnati, Ohio, the U.S. Bank Center in Milwaukee, WI, U.S. Bank Arena in Cincinnati, Ohio, U.S. Bank Plaza in St. Louis, Missouri, and the U.S. Bank Center in Saint Paul, MN. More recently the U.S. Bank Tower in Sacramento, California.

External links

★ U.S. Bancorp official site

★ Yahoo! - U.S. Bancorp Company Profile