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U.S. Bank is one of the biggest banking institutions in the United States.
All about U.S. Bank
U.S. Bank is one of the largest banks in the entire United States. As it's a nationally chartered bank, you can be sure that your money is safe here. That means it's regulated and overseen by the Department of hte Treasury (specifically the Office of the Comptroller of the Currency).
They offer a few different lines of business to offer their customers a wide range of services. One of the most popular is payment services, including payment systems for both large and small companies. They also do wholesale banking for large organizations, as well as Wealth Management & Securities Services .
On top of that, they have services for regular everyday customers, including community banking, small business banking, home mortgages, student banking, and more.
The history of U.S. Bank
U.S. Bank's history goes back to 1864, but the bank as we know it today wasn't formed until the 1990s when regional banks were merged and acquired. Over its history, there have been nearly countless acquisitions and mergers. Actually, since 1988 alone there have been over 50!
The first time the name "U.S. Bank" appeared was all the way back in 1891, when it was called United States National Bank of Porland in Oregon. This merged with the Ainsworth National Bank, but still went by its original name. Fun fact: after 1913, banks were no longer allowed to use "United States" in their name, so U.S. Bank was lucky not to have changed theirs!
A few fun facts about U.S. Bank
Usually, the words "banking" and "fun" don't go together, but in the case of U.S. Bank, we've dug up a few fun facts that you might like!
For instance...they were one of Charles Lindbergh's flight when he became the first person to fly solo across the Atlantic Ocean.
U.S. Bank also processes the fifth largest amount of checks in the country. The actual figure for that is around 4 billion each year at their processing sites. That means their courier fleet has to move around about 15 million checks every single day.
Also, U.S. Bancorp had its charter granted when Abraham Lincoln was president. That means it has the second-oldest continous national charter in the entire country! Most of these other characters have expired over the years as banks have closed down or been acquired by other entities. Wells Fargo has the oldest.
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