Shailesh Kotwal, vice chair of payment services at U.S. Bancorp, the parent company of U.S. Bank, intends to retire from the company in the first half of 2025. read more

AUG 27, 2024 - 6:09 am

U.S. Bancorp, parent company of U.S. Bank, named Arijit Roy as the newest member of its managing committee, a group of 16 executives with various responsibilities for the organization’s revenue lines, enabling functions and independent risk teams. read more

AUG 9, 2024 - 6:18 am

Tim Welsh, vice chair of consumer and business banking for U.S. Bancorp, the parent company of U.S. Bank, intends to leave the organization after seven years. Arijit Roy will assume an expanded role leading the U.S. Bank consumer and business banking products organization. read more

JUN 28, 2024 - 6:21 am

U.S. Bancorp, the parent company of U.S. Bank, expanded leadership roles for Stephen Philipson and Felicia La Forgia as part of an effort to strategically position the bank’s wealth, corporate, commercial and institutional banking (WCIB) team. read more

JUN 5, 2024 - 6:40 am

U.S. Bancorp hired Gunjan Kedia as its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO. In this role, Kedia will oversee the company’s three business lines, ensuring a shared focus on growth and holistic client experiences across its entire network. read more

MAY 6, 2024 - 6:59 am

U.S. Bancorp plans to issue 24 million shares of common stock to an affiliate of Mitsubishi UFJ Financial Group (MUFG) for a purchase price of $936 million. U.S. Bancorp will use proceeds of the transaction to satisfy a portion of its previously announced repayment obligation to MUFG. read more

AUG 3, 2023 - 6:52 am

U.S. Bancorp and Mitsubishi UFJ Financial Group extended the outside termination date of the purchase agreement for U.S. Bank’s acquisition of MUFG from Sep. 30, 2022, to Dec. 31, 2022. read more

SEP 19, 2022 - 7:50 am

As the U.S. regulatory approval process continues, the closing of the sale of MUFG Union Bank to U.S. Bancorp has been shifted to the second half of 2022, subject to the receipt of required regulatory approvals and the satisfaction of other closing conditions. read more

MAY 16, 2022 - 7:24 am

U.S. Bancorp entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group. Under the terms of the agreement, U.S. Bancorp will purchase MUFG Union Bank for approximately $8 billion. read more

SEP 22, 2021 - 6:31 am

U.S. Bancorp named Luke Wippler corporate treasurer, effective May 17. Wippler will succeed John Stern, who was appointed president of the company’s global corporate trust and custody (GCTC) business last month. read more

MAY 13, 2021 - 6:33 am

U.S. Bancorp reported record Q3 net revenue, earnings and EPS and noted performance was driven by “strong underlying momentum” in each business line. read more

OCT 18, 2018 - 7:15 am

U.S. Bancorp reported Q1/18 net income of $1,675 million was up 13.7% from the same quarter a year earlier. Average lease financing loans of $5,532 million at the end of Q1/18 were up from $5,455 million a year earlier. read more

APR 19, 2018 - 6:45 am

U.S. Bancorp reported record full-year and Q4/17 earnings of $6.22 billion and $1.68 billion, respectively, were aided by $910 million from tax reform legislation. read more

JAN 18, 2018 - 6:20 am

U.S. Bancorp reported Q3/17 record net income of $1,563 million was up from $1,502 million in Q3/16. Revenue was a record $5,608 million, up 4.1% from $5,388 million a year earlier. read more

OCT 18, 2017 - 7:14 am

U.S. Bancorp reported Q2/17 net income was 1.4% lower compared to the same quarter in 2016 despite record revenue. Lease financing average loans of $5.6 billion were up 6.1% from $5.3 billion a year earlier. read more

JUL 20, 2017 - 6:11 am