Moody’s, S&P, Fitch ratings among highest in world
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CEO LETTER
Andy Cecere reflects on 2020 and our path forward
community impact report
How we adapted to help meet the changing needs of our communities
financial metrics
Resilient performance in an unprecedented environment
COVID-19 information
Continuing to help customers in new and meaningful ways
Company overview
No. 113 on the Fortune 500
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Founded under national bank charter No. 24 in 1863
Explore what’s led to our position of strength.
79% of transactions and 61% of sales now online
Learn how we’re investing in digital capabilities and more.
Publicly held company traded as USB on the NYSE
Meet the leaders who manage and govern our company.
Named one of the Top 50 Companies for Diversity
Hear what others are saying about our business and people.
Past, present and future
Since the Lincoln administration signed our national bank charter No. 24 in 1863, we’ve drawn on our financial strength to serve customers. This has been especially evident in times of need, such as during the COVID-19 pandemic. Our response by the end of 2020 included a $20 million premium pay program for our employees, relief assistance and 108,000 Small Business Administration Paycheck Protection Program (PPP) loans for our customers, and $30 million in expedited charitable contributions for our communities. As a result, we’re proud to have been named the most essential bank amid the pandemic in a ranking by The Harris Poll.
We also recognize that this past year has fundamentally changed banking by accelerating the shift to digital products and services. We’re positioned well for this future, having launched new tools – like the U.S. Bank Smart Assistant™ – to complement our 26-state branch footprint.
Leadership and governance
Led by Chairman, President and CEO Andy Cecere, our company is guided by a 14-member Managing Committee. This group includes the leaders of our four core business lines – Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services – as well as the heads of functional areas including risk management; digital; diversity, equity and inclusion; finance; legal; strategy; and more.
As a publicly traded company, we’re also governed by a 13-member Board of Directors, which is chaired by Cecere. This group brings decades of expertise from a variety of industries ranging from healthcare and logistics to retail and tech.
Awards and recognition
Our company continues to be recognized for our ethical and inclusive culture, management quality, social responsibility, digital capabilities and more. Notable recent honors include being named one of the 2021 World’s Most Ethical Companies® by the Ethisphere® Institute, the seventh consecutive year we’ve been honored; our U.S. Bank Mobile App being rated best for customer service by Business Insider Intelligence; and being honored with a spot on the 2020 DiversityInc Top 50 Companies for Diversity.
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Disclosures
XX-011 Equal Housing Lender
XX-003 FDIC notice + credit products
