Welcome to our dedicated page for U.S. Bancorp news (Ticker: USB), a resource for investors and traders seeking the latest updates and insights on U.S. Bancorp stock.
U.S. Bancorp (symbol: USB) is a diversified financial services provider and one of the largest regional banks in the United States. With a strong presence in 26 states, primarily in the Western and Midwestern U.S., U.S. Bancorp offers a comprehensive range of banking services. These include retail banking, commercial banking, trust and wealth management services, credit cards, mortgages, and various payment solutions.
A commitment to putting people first and making ethical decisions is at the heart of U.S. Bancorp's operations, earning recognition as one of the World's Most Ethical Companies by Ethisphere in 2017. With over 4,800 ATMs and 3,088 branch locations, along with 24-hour phone support and advanced mobile and online banking platforms, U.S. Bancorp ensures convenient access to accounts and financial services for their customers.
In recent developments, U.S. Bancorp has been involved in significant community projects. One notable achievement is the financing of a substantial affordable housing and commercial space project in Los Angeles' Little Tokyo. This development will offer 248 units of affordable housing and 40,000 square feet of commercial space dedicated to minority-owned businesses. Additionally, U.S. Bancorp has supported this community with $466,000 through charitable giving since 2009.
U.S. Bancorp also celebrates its employees' achievements and contributions. During Women's History Month, they highlighted trailblazing women within the organization, such as Jody Clark, Senior Vice President in the IAS Division, who has significantly contributed to the growth and development of the bank’s investment advisory services.
Another initiative by U.S. Bancorp is the Access Home program, which trains bilingual employees to become mortgage loan officers, helping to serve underbanked communities, particularly the Hispanic community. This initiative is part of the broader U.S. Bank Access Commitment® aimed at closing the wealth gap for underserved communities.
Financial stability and community support remain central to U.S. Bancorp's mission, making it a reliable partner for both personal and business banking needs. Equal housing lender and member of FDIC, U.S. Bancorp continues to uphold its ethical standards while driving financial and social progress.
U.S. Bank and One Inc have announced a strategic partnership to modernize payment solutions for insurance carriers. The collaboration integrates U.S. Bank's money movement and banking capabilities with One Inc's ClaimsPay® and PremiumPay® solutions to enhance claims and premium processing. One Inc's Digital Wallet will enable multiple payment channels, including credit/debit cards, Apple Pay®, Google Pay™, PayPal™, Venmo, and ACH transactions. The partnership aims to accelerate instant payments within the insurance industry, leveraging U.S. Bank's experience with the RTP Network® and FedNow® Service.
U.S. Bank has been recognized as a top supporter of veterans and military families, ranking #10 in the Military Times Best for Vets 2024 Employers list for the third consecutive year. Through its Driven to Serve program, the bank has donated 50 payment-free vehicles with Freedom Alliance and 80 vehicles overall since 2018. The bank has also donated 28 mortgage-free homes to veterans since 2013, with two more planned for 2024, and funded 29 critical home repair projects since 2017. The bank supports over 2,000 military and veteran employees and has hosted 42 employee events through its Proud to Service chapters in 2024. Additionally, U.S. Bancorp Impact Finance has provided significant funding for veteran housing projects, including $281 million in debt and $106 million in equity for affordable housing in California.
U.S. Bank has launched a new travel booking platform, the U.S. Bank Travel Center with Booking.com, powered by Rocket Travel by Agoda. The platform allows credit cardholders to book hotels, flights, and rental cars while offering access to over 2.4 million properties worldwide through Booking Holdings brands. The service features special travel discounts, 24/7 support, same-day booking capability, and enhanced site navigation. Additional benefits include cash-back deals, merchant discount offers, and Paze℠, a secure online checkout solution using tokenization technology.
U.S. Bank participated in Habitat for Humanity's 2024 Jimmy & Rosalynn Carter Work Project, contributing 150 employees to build 30 affordable homes in St. Paul, Minnesota. The project is part of The Heights, a development that will include 1,000 housing units and create 1,000 jobs. As a diamond sponsor, U.S. Bank, through its Impact Finance division, has invested over $137.6 million in Habitat projects nationwide since 2008, creating over 3,901 housing units. In 2023, U.S. Bank provided $1.9 million in corporate contributions and foundation giving to Habitat, with employees volunteering more than 6,000 hours.
U.S. Bank branch manager Anthony Winfield, a former Air Force veteran, transitioned to banking after a 13-year military career cut short by injuries sustained in Afghanistan. After a rocket explosion at Bagram Airfield left him with partial deafness, nerve damage, and back injuries, Winfield received a medical retirement. Following six years in auto sales, he joined U.S. Bank in January 2023 as a branch manager in Parma, Ohio, where he now works with his certified service dog, Maizy, who helps him manage his service-related injuries.
U.S. Bancorp (NYSE:USB) has announced its schedule for 2026 quarterly earnings conference calls. The calls are scheduled for: First Quarter on April 16 at 7 a.m. CT, Second Quarter on July 16 at 7 a.m. CT, Third Quarter on October 15 at 8 a.m. CT, and Fourth Quarter on January 19, 2027 at 8 a.m. CT. The company also reaffirmed previously announced timing for 2024 and 2025 quarterly calls. Detailed announcements confirming dates and times will be issued approximately two weeks before each release.
U.S. Bancorp (NYSE: USB) has announced a reduction in its prime lending rate from 8.00% to 7.75%. The new rate will be implemented across all U.S. Bank locations starting November 8, 2024.
U.S. Bank's Small Business specialist sales manager Pete Bardonaro combines his professional expertise with community service as president of the Englewood Little League's Challenger Baseball League in Dayton, Ohio. The adaptive league serves children with disabilities aged 4 to 22, creating custom solutions like mechanical bats to enable participation. This initiative is featured in U.S. Bank's 'Beyond the Banker' series, which highlights employees' community involvement outside their banking roles.
U.S. Bank and Operation HOPE have partnered to launch a new HOPE Inside Financial Wellness initiative at the Slauson and Crenshaw branch in Los Angeles. The program features Christopher Santiago as the financial coach, offering free financial education and coaching services to community members and small businesses. The branch, designated as U.S. Bank's first Black Heritage Community branch, includes a dedicated Community room reflecting the Crenshaw District's cultural heritage.
The partnership aims to improve financial wellness for low- and moderate-income families through the HOPE 700-Credit-Score-Communities initiative, offering monthly workshops and one-on-one coaching sessions. This location is part of U.S. Bank's expansion in California, with a total of 10 HOPE Inside locations across six states providing free credit and money management education.
U.S. Bank hosted a signature employee celebration of Hispanic Heritage Month at the National Museum of Mexican Art in Chicago's Pilsen neighborhood. The event featured discussions about Hispanic culture and success, with over 125 employees attending in person and hundreds more via livestream. The U.S. Bank Foundation has invested nearly $200,000 in the museum since 2018, supporting its 20,000-piece collection and educational programs. The bank is expanding its Hispanic-focused initiatives through U.S. Bank Access Commitment®, including hiring bilingual mortgage loan officers and Business Access Advisors, and developing Spanish-language services like Asitente Inteligente.
FAQ
What is the current stock price of U.S. Bancorp (USB)?
What is the market cap of U.S. Bancorp (USB)?
What services does U.S. Bancorp offer?
How many branches and ATMs does U.S. Bancorp have?
What recent projects has U.S. Bancorp been involved in?
How does U.S. Bancorp support underserved communities?
What recognition has U.S. Bancorp received for its ethical practices?
Who is Jody Clark and what is her role at U.S. Bancorp?
What is U.S. Bancorp's commitment to ethical banking?
What products are offered by Amapola Markets, a U.S. Bancorp client?
What is the Access Home initiative?
How does U.S. Bancorp ensure customer convenience?
