U.S. Bancorp, commercially known as U.S. Bank, or United Bank, is an American bank holding company headquartered in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of the U.S. Bank National Association and the fifth largest bank in the United States. It has more than 3,000 branches, mainly in the Western and Midwestern United States.
It is ranked 117th on the Fortune 500 and is rated as a systemically important Financial Institution Group by the Financial Stability Board.
History
The bank was established in Portland, Oregon in 1891 as the United States National Bank of Portland. In 1902, it merged with the Ainsworth National Bank of Portland and was renamed the United States National Bank of Oregon in 1964.
In January 1969, the National Bank of Oregon was restructured into a holding company called the U.S. Bancorp of Oregon.
The name U.S. Bancorp began in the 1990s. It was acquired by First Bank System in 1997 and used the name U.S. Bancorp after the merger. It was acquired by Firstar Corporation in 2001. First Star itself had just been acquired by Star Banc Corporation and used the name U.S. Bancorp after the merger.
Acquired United Bank of California from Mitsubishi UFJ Financial Group in 2022.
Naming Rights and Sponsorship
United Bank Stadium in Minneapolis, Minnesota
