After a 52-year career, including the last 17 years at U.S. Bank, Tony Cracchiolo announced his decision to retire in July. In the coming months, U.S. Bank will conduct a search for a new leader of U.S. Bank Equipment Finance. Since he joined U.S....
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April 11, 2024, 07:25 AM
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U.S. Bank is introducing a new Business Diversity Lending Program that will expand the ability of diverse business owners to obtain capital, building upon the bank’s broader efforts to support under-represented businesses and help address the wealth...
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May 02, 2023, 07:05 AM
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U.S. Bancorp announced it has completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. The transaction combines two premier organizations to serve customers and communities across...
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December 02, 2022, 07:23 AM
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U.S. Bancorp and Mitsubishi UFJ Financial Group (MUFG) have mutually agreed to exercise their right under the purchase agreement for U.S. Bank’s acquisition of MUFG Union Bank’s core regional banking franchise to extend the outside termination date...
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September 19, 2022, 07:18 AM
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U.S. Bancorp announced a five-year community benefits plan (CBP), developed in coordination with the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), as part of the planned acquisition of MUFG Union...
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May 10, 2022, 07:17 AM
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U.S. Bank ended the 2016 Small Business Administration (SBA) fiscal year on Sept. 30 with $838 million in SBA loan volume, an increase of 7.9 percent compared to fiscal 2015. The fifth-largest bank in the country, U.S. Bank maintained its rank as the...
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October 07, 2016, 07:01 AM
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U.S. Bancorp and ORIX USA Corp. announced the closing of U.S. Bancorp’s first renewable energy syndication, which is expected to enable SolarCity to install approximately 2,500 solar power systems at homes and businesses in nine states. U.S. Bancorp...
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March 17, 2015, 07:01 AM
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Fortune magazine named U.S. Bancorp the most admired superregional bank today, the fifth consecutive year that U.S. Bancorp has topped the list. “We are proud to have been named Fortune’s most admired superregional bank for the fifth consecutive year...
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February 20, 2015, 07:19 AM
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U.S. Bank has hired Michael Righi to lead its middle market commercial banking teams in the Pacific Northwest and to serve as the company's president for Northern California. Righi will be based in San Francisco. In addition to serving as market...
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September 30, 2013, 07:00 AM
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U.S. Bank Equipment Finance announced that it will sponsor the Reshoring Initiative, a Chicago-based group established to educate manufacturers on the benefits of bringing their operations and corresponding jobs back to the United States.“Over the...
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May 16, 2013, 07:11 AM
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Bloomberg reported U.S. Bancorp, the nation’s fifth- largest commercial lender by deposits, may be cut one level by Moody’s Investors Service as rivals recover and pose stiffer competition. According to the report, the bank could be cut one level to...
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September 21, 2012, 07:47 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2012 was estimated at a seasonally adjusted annual rate of $834.4 billion, 0.9 percent (±1.8%) below the revised June estimate of $842.2 billion....
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September 05, 2012, 07:00 AM
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U.S. Bancorp reported net income of $1,415 million for the second quarter of 2012. Earnings for the second quarter of 2012 were driven by year-over-year growth in total net revenue and a lower provision for credit losses. Highlights for the second...
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July 19, 2012, 06:42 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during March 2012 was estimated at a seasonally adjusted annual rate of $808.1 billion, 0.1 percent (±1.4%) above the revised February estimate of $807.3...
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May 02, 2012, 07:30 AM
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U.S. Bancorp reported net income of $1,338 million for the first quarter of 2012. Earnings for the first quarter of 2012 were driven by year-over-year growth in total net revenue and a lower provision for credit losses. Lease financing remained...
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April 18, 2012, 07:30 AM
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