U.S. Bancorp

Parent company of U.S. Bank

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Headquarters: U.S. Bancorp Center
800 Nicollet Mall
Minneapolis, MN 55402
Employees: 65,565
CEO: Richard Davis
Stock Symbol: USB

Website: http://www.usbank.com

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U.S. Bancorp, with assets of $371 billion, is the parent company of U.S. Bank, the fifth-largest commercial bank in the nation.

The company operates 3,083 banking offices in 25 states and 4,878 ATMs providing a full line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

U.S. Bank has over 17.9 million customers.

In 2013, the company reported record revenues of $21.0 billion and net income of $5.8 billion. The company had total deposits of $257.4 billion at the end of the first quarter of 2014, up 5.1% from the previous year.

History

Today's U.S. Bancorp has been formed by the merger of over 50 large and small banks since 1988. On January 27, 2001, Firstar and US. Bancorp merged to form U.S. Bancorp.

The original U.S. Bancorp succeeded the United States National Bank of Portland established in Portland, OR in 1891. It 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, MN. First Bank System changed its name to U.S. Bancorp.

The company received $6.5 billion in funds from the U.S. Treasury during the financial crisis in 2008 and repaid the money in 2009.

Benefits

Health Insurance
Health, pharmacy, vision and dental coverage for employees as well as their eligible dependents (children, spouses and domestic partners)
Accident Insurance
Business travel accident insurance provided by U.S. Bank at no cost and Accidental Death and Dismemberment insurance for employees and their eligible dependents
Disability Insurance
Short- term disability coverage provided by U.S. Bank and long-term disability coverage, which replaces a percentage of pay should you become disabled
Life Insurance
Employee and dependent term life insurance as well as supplemental group universal life insurance
Reimbursement Accounts
Pre-tax flexible spending accounts for medical, child care, parking, and transit expenses
Retirement Benefits
Immediate eligibility for our voluntary 401(k) plan and generous company match up to 4% after one year of service, retiree health care coverage, and a company pension plan that vests after three years of service
Medical Decision-Making and Disease Management
Nurse advice line; confidential support for individuals with chronic conditions such cancer, depression, low back pain and more
Wellness
Discounts on Weight Watchers and memberships at nearly 10,000 fitness clubs around the country; stop smoking and healthy pregnancy programs; numerous resources for medical, nutrition and wellness information
Childbirth and Adoption Assistance
Eight weeks of paid maternity leave; two weeks of adoption leave and adoption assistance up to $2,500
Time Off
Vacation -- Employees who work at least 20 hours a week are eligible for vacation. You begin earning vacation time after your first three months of employment. The amount of vacation time that's available to you depends on your role, hours worked, and length of service. You also may purchase up to an additional week of vacation each year (employees who work on a commission basis may not be eligible for vacation).

Holidays -- We recognize up to 10 paid holidays each year (this may vary by location). Sick days -- You may be eligible for paid sick time. Full-time employees and part-time employees who work 20 or more hours a week generally are eligible for up to six paid sick days (or more if required by state law). Sick time is prorated during your first year. Development Opportunities
Mentoring, tuition reimbursement, financial training courses, plus our proprietary Development Network (with chapters around the nation to foster personal and professional advancement) allows employees to connect, build skills and enhance their leadership abilities
More Perks
Discounts on U.S. Bank mortgages, checking, financial planning and other services; employee bonuses; voluntary employee assistance fund to help colleagues in need (up to $10,000); $500 - $1,000 contribution to Five Star Volunteer Award winners’ charity of choice; and matching charitable contributions

Updated May 28, 2014