US Bancrop INTRODUCTION: - U.S. Bancorp is an American diversified financial services holding company headquartered in Minneapolis, Minnesota. It is the parent company of U.S. Bank National Association, the seventh largest bank in the United States based on $416.0 billion in assets (as of September 30, 2015 per official FDIC data) and fourth largest in the US in total branches. U.S. Bank ranks as the fifth largest bank in the U.S. based on deposits, with $263.7B in deposits as of June 30, 2014. U.S. Bank's branch network serves 25 Midwestern and Western states with 3,151 banking offices and 5,001 ATMs. U.S. Bancorp offers regional consumer and business banking and wealth management services, national wholesale and trust services and global payments services to over 15.8 million customers. The company employs over 65,000 people, and services consumers ranging from investment services, credit cards, loans, and generalized banking The growth story of US Bancrop has been formulated by the company’s continues focus on strategic acquisitions including a strong capital position, increasing capital deployment acquaintances and improvised credit quality. Instead of waiting for potential customers to walk …show more content…
Bancorp has made a number of upgradation in strategic bank acquisitions in the past few years, which has opened new markets and profited existing ones. In June 2014, the company had acquired the Chicago branch, banking operations of the Charter One Bank franchise run by RBS Citizen. These acquisitions, combining with ongoing investments in innovative product enhancements, services and people has made a great impact on the company’s balance sheet and the fee-based businesses including increased market share. U.S. Bancorp has experienced strong growth in average loans and deposits in the coming first-half of 2014, as it continued to expand and increase relationships with current customers, and acquiring new customers and market