State and local government banking

Government service is built on trust and delivery. So is government banking.

At U.S. Bank, we understand the mission. We realize constituents value efficiency and reliability. That’s why we work diligently to offer tailored, reliable, scalable solutions for government needs. Watch our video to learn why more than 5,000 government entities across the country trust U.S. Bank for government banking.

A full-service approach tailored to public-sector needs

By leveraging our strength and stability, you can turn to one financial partner to increase operational efficiencies.

Fund projects with tax-exempt debt

Raise capital to finance public capital improvements and other projects.

Disburse government funds with prepaid cards

Distribute payments while giving your recipients immediate access to funds.

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Maximize electronic payment distributions

Decrease check usage and limit employee payroll fees to reduce costs.

Get support from an investment services partner who has your back

Minimize risk and increase efficiency with corporate trust and custody solutions strategically aligned with your needs.

Process payments quickly, conveniently and securely

Meet citizen expectations with a secure and convenient payment process that can help reduce the cost of payment acceptance.

Local government investment pools (LGIP)

Solutions for the unique needs of public sector entities.

Connect with us

Forward-thinking strategies to support your mission

Our forward-looking strategies and modern technology for public sector banking help fulfill your mission to serve with transparency, accuracy and detail. From higher education to nonprofits, federal agencies and municipalities, we have deep resources.

  • Seamlessly deliver reliable solutions and service to improve your efficiency
  • Create, tailor and scale our technology and support aligned to your goals 
  • Respond to changes you require and guide you every step  

Insights to inform public-sector decision-makers

Custody or safekeeping: Which is right for government investments?

Government treasurers have important choices to make when deciding where to hold public money, including choosing between bank custody and brokerage firms.

What to look for in a custodian
American Rescue Plan best practices for counties

What government officials should know about real-time payments

Public entities can benefit from RTP, a new payment rail that enables instant constituent payments for tax refunds, unemployment and more.

Learn about RTP

How mass transit agencies can transform the payment experience

Contactless payments, digital wallet options and other transformative payment methods can allow transit agencies meet the expectations of an evolving ridership.

Payment innovations in mass transit

How U.S. Bank gives back

Investing back into our communities.

$43.6 billion –

Invested in environmentally beneficial business since 2008

$6.1 billion –

Loaned and invested to revitalize low-to-moderate income communities

$197 million –

In capital to Black-owned or led businesses and organizations

Learn how our services fit your unique public sector needs.

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Disclosures

Investment and insurance products and services including annuities are:
Not a deposit ● Not FDIC insured ● May lose value ● Not bank guaranteed ● Not insured by any federal government agency.

Deposit products are offered by U.S. Bank National Association. Member FDIC.

The information included on these pages is for your information and is not intended as legal, accounting or tax advice. U.S. Bank and its representatives do not provide legal, accounting and/or tax advice. Clients are encouraged to contact their legal, accounting and/or tax advisor regarding their particular situation. While the information is intended to be accurate, neither U.S. Bank Investment Services nor the publisher accepts responsibility for relying on the information provided.

RTP® is a registered trademark of The Clearing House Payments Company LLC.