US Bancorp News

U.S. Bancorp on Monday said its finances are strong enough that it's pulling out of another federal program meant to prop up the flailing banking industry.

More than half of regional banks missed third-quarter profit forecasts as the recession and tight credit conditions continued to weigh on these lenders, according to an earnings wrap Monday.

The takeover of the failed bank by U.S. Bank's parent, Minneapolis-based U.S. Bancorp , presents a "tremendous opportunity for us," said Michael Walker, president of Northern California operations.

U.S. Bank Vice Chairman Joseph Otting at firm's downtown L.A. office. It all started three years ago with clusters of red and blue dots.

Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the industry.

The U.S. Federal Deposit Insurance Corp. took over United Security Bank, based in Sparta, Ga., with US$157 million in assets and $150 million in deposits, and Home Federal Savings Bank in Detroit, with $14.9 million in assets and $12.8 million in deposits.

U.S. Bancorp took over a major lease and building ownership at U.S. Bank Plaza. View Larger U.S. Bancorp has assumed control of 250,000 square feet of office space in U.S. Bank Plaza from Opus Corp., giving the bank significantly more control of its downtown Minneapolis real estate and possible leverage with landlords when it decides where to put ...

It's been a busy few weeks for U.S. Bancorp Chairman and CEO Richard Davis and his team.

Warren Buffet has made a reputation for being one of the best investment managers in the world, some even refer to him as the a oeOracle of Omaha.a Buffet has consistently beaten the market despite the financial crisis, which is one of the primary reasons that his company, Berkshire Hathaway has consistently posted profits for the last several ...

The credit crisis last year spurred an unprecedented wave of consolidation in the financial sector, resulting in a several major deals that are starting to have a positive impact the bottom lines of the acquiring companies.

Vice Chairman of U.S. Bancorp William L Chenevich sells 2,000 shares of USB on 11/02/2009 at an average price of $23.68 a share.

U.S. Bancorp said it's opting out of the government's program to guarantee bank accounts that don't pay interest because it doesn't need taxpayer assistance.

U.S. Bank on Friday took over the banking subsidiaries of FBOP Corp. after those banks were siezed by the Federal Deposit Insurance Corp.

U.S Bancorp is boring shareholders all the way to the bank. The financial crisis that's laying low some of the giants of the industry has been a boon for the Minnesota company, long regarded as one of the less dynamic banking enterprises.

Two banks which have repaid their bailout funds said Monday they no longer need to take advantage of a special program that offers government insurance on certain deposits, like checking account funds, over $250,000. Bank of New York Mellon and U.S. Bancorp both said they will opt out of a six-month extension of the Transaction Account Guarantee ...

U.S. Bancorp By Sandler O'Neill WE ARE UPGRADING SHARES of U.S. Bancorp to Buy from Hold.

So it seems we were unable to make it through October without a big hit to the banking industry.

Hopkins County area residents who want to make the holiday season bountiful and the winter months nourishing for people in need may drop off any non-perishable or canned food at one of U.S. Bank's six convenient branches.

By Daniel M. Harrison Oct 31, 2009 Friday marked a gloomy day for the U.S. financial services industry: as the nation's largest small business lender got closer to filing for bankruptcy protection, nine banks were shuttered, bringing the total headcount this year to 115.

State and federal bank regulators late Friday closed nine U.S banks -- none of them in Colorado -- and appointed the Federal Deposit Insurance Corp.