U.S. Bancorp is the parent company of U.S. Bank, its retail bank subsidiary. U.S. Bancorp has locations in Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming.
Mortgages Offered by US Bank
- Cash Out Refinance
- Refiance Loans
- FHA Streamline Refinance
- Home Equity Loans
- 2nd Mortgages
- Home Equity Lines of Credit
US Bank offers fixed, adjustable, and interest only plans for all of its mortgages.
US Bank History and Facts
U.S. Bank Home Mortgage is a full-service mortgage operation serving all 50 states. Other services at U.S. Bank include the Private Client Group, which acts as a bank within a bank for affluent individuals and families. The private clients typically have annual incomes of $150,000 or investable assets of $500,000.
The original U.S. Bancorp was headquartered in Portland, Oregon. US Bancorp bought West One Bancorp in 1995. First Bank System acquired U.S. Bancorp in 1997. In 2000, U.S. Bancorp merged with Firstar Bank.
Bancorp operates nearly 2,500 locations in some two dozen Midwestern and western states, along with more than 4,600 branded ATMs. The bank holding company, one of the 10 largest in the country, owns U.S. Bank and other subsidiaries that provide consumer and commercial banking, as well as mortgage banking, international banking, consumer finance, equipment lease financing, and title and business insurance. Among other units, U.S. Bancorp Asset Management oversees more than $120 billion for individual and institutional clients and manages the First American family of mutual funds. NOVA Information Systems is a leading processor of merchant credit card transactions.
The Banker, one of the world’s leading financial journals, ranked U.S. Bancorp as the number 9 bank among US banks in 2005 and number 9 in 2004. The ranking was based on pre-tax profit figures for common stock, non-cumulative preference stock, share premium reserve, disclosed reserves including retaining earnings, minority interests and funds for general banking risk.
With $ 195,104 million in assets U.S. Bancorp was ranked 9 in asset size. For Soundness (capital/asset ratio) U.S. Bancorp ranked 120 in 2005 and 103 in 2004. U.S. Bancorp pre-tax profits were reported as $ 6,176 million. It ranked 10 for performance based on return on assets.
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