#6. U.S. Bank, National Association ($261,775,591,000)
U.S. Bank, National Association 425 Walnut Street
Cincinnati, OH 45202 http://www.usbank.com
Background
U.S. Bank, National Association is the 6th largetst bank in the U.S. Similar to most of the banks, 2008 has not been a great year for U.S. Bank. Although it has experienced growth in both Total Assets and Total Liabilities, the Net Income experienced a 18.70% drop from the previous year.
Its parent holding company, U.S. Bancorp, is the one of the largest in the country, owns U.S. Bank and other subsidiaries that provide consumer and commercial banking, as well as credit card and ATM processing, mutual funds, mortgage banking, brokerage, wealth management, equipment leasing, trust services, corporate payments, and insurance.
FDIC Certificate #
6548
Bank Charter Class
Commercial Bank
Asset Concentration
Commercial Lending Specialization
Product Specialty
Provide a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
Key Information & News
Number of Branches: 6,548 offices in the U.S.
Number of Employees: 57,904 employees.
Executives
CEO
Richard K. Davis
CFO
Andrew Cecere
CRO
Richard Hidy
2008 News
Actuired Downey Savings & Loans and PFF Bank & Trust through a FDIC facilitated transaction on Noverber 21, 2008.
Received $6,599 million in TARP money on November 14, 2008.
