U.S. Bank was named Best National Bank in a tie with TD Bank as well as Best Bank for Retirees in a first-ever list published by Kiplinger's Personal Finance today ranking the best banks in the United States.
The editors of Kiplinger's Personal Finance arrived at its Best Banks honorees from a pool of nearly 12,000 contenders.
"We're honored to be recognized by Kiplinger's, a publication Americans have turned to for decades as a trusted source of financial advice," said Andy Cecere, president and chief executive officer of U.S. Bank. "Where people choose to keep their money or go to for help achieving their goals extends well beyond products and services – it's about trust. This recognition is a credit to our 73,000 bankers' commitment to do the right thing and re-earn our customers' trust every day."
The editors at Kiplinger's Personal Finance used data from Moebs Services, a Lake Forest, Ill., economic research firm, to rank national and regional banks and thrifts, credit unions, and internet banks. The process to select the best started with all 11,831 U.S. depositories as of year-end 2016. To identify the soundest financial institutions, the list was screened for asset size, excess fees, high expenses and sufficient capital. For each specific customer profile, the editors started with top financial institutions identified by the Moebs rankings and then added their own research and judgment to find banks, thrifts and credit unions with accounts and features most appealing to each group.
"While banks are on a mission to cut costs and raise revenues – with customers getting caught in the crossfire – some institutions are making all the right moves to win satisfied customers, and we're proud to say we were able to name them in our first-ever Best Banks list," said Janet Bodnar, editor, Kiplinger's. "One of the most important, personal decisions consumers make is where to keep their money. Since situations vary, our goal is to help people make informed choices for themselves and their families."
For nine decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation's first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continuously published newsletter in the United States. In 1947, Kiplinger created the nation's first personal finance magazine. Kiplinger.com is the fastest growing Web site in the personal finance space. Located in the heart of our nation's capital, the Kiplinger editors remain dedicated to delivering sound, unbiased advice for your family and your business in clear, concise language. Become a fan of Kiplinger on Facebook or Kiplinger.com and follow Kiplinger on Twitter, LinkedIn and Tumblr.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $450 billion in assets as of March 31, 2017, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,091 banking offices in 25 states and 4,838 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
Rebekah Fawcett, U.S. Bank Corporate Communications