U.S. Bancorp - USB STOCK NEWS

U.S. Bank honors Cheri Kay Getz, the first woman in its maintenance department, showcasing her 40-year career starting as a safe deposit attendant in 1980. Initially met with skepticism regarding her capabilities, Getz thrived in maintenance, expanding her role to cover five branches. After outsourcing maintenance, she transitioned to a teller position, continuing to serve the Lake Street community, particularly after the branch's damage in May 2020. Getz demonstrates dedication to her community, emphasizing trust and service in her new role.

U.S. Bank is enhancing its commitment to sustainability through a partnership with First Mile, aiming to reduce ocean-bound plastic waste while supporting communities. The initiative utilizes reclaimed ocean-bound plastic for eco-friendly debit cards, significantly contributing to environmental preservation. For every million cards produced, over one ton of plastic is diverted from harmful environments. Additionally, this partnership aids in creating well-paying jobs for workers in Haiti, with 27% of U.S. Bank's debit card members opting for these eco-friendly designs. U.S. Bank continues to prioritize environmental, social, and governance (ESG) goals through these efforts.

U.S. Bancorp (NYSE: USB) has updated its conference call schedule for quarterly financial results, accelerating the earnings release dates for 1Q and 2Q 2023. This adjustment follows the successful integration of MUFG Union Bank, acquired on December 1, 2022. The new earnings call dates are April 19, July 19, October 18, and January 17, 2024, all aligned with the pre-acquisition timeline. As of December 31, 2022, U.S. Bancorp had approximately 77,000 employees and $675 billion in assets, providing a diversified range of banking services.

U.S. Bank partnered with Freedom Alliance and Ole South to gift a mortgage-free home to U.S. Army Sergeant Xanthin Luptak and his family, marking a significant milestone in their lives. This event coincides with the 20th anniversary of the Iraq War, highlighting the sacrifices made by military personnel. Since 2013, U.S. Bank has provided 23 homes valued at over $5 million to veteran families. Luptak, a medically discharged veteran due to combat injuries and lymphoma, expressed immense gratitude for this opportunity to provide stability for his wife and children.

U.S. Bank announces Anita Colvin as the first woman to lead its Equipment Finance sales group. With a 25-year career at U.S. Bank, Colvin transitioned from a part-time teller to a leadership role, emphasizing diversity and mentorship. Under her leadership, the manufacturing vendor services team provides crucial financing for various industries. Colvin advocates for women's representation in finance, actively participating in organizations aimed at promoting diverse workplaces. Her commitment to mentorship aims to support and inspire other women in the industry, fostering an inclusive workforce for long-term growth.

U.S. Bancorp (NYSE: USB) has increased its prime lending rate to 8.00% from 7.75% effective March 23, 2023. This change applies to all U.S. Bank locations and Union Bank locations, reflecting the company's strategy in adjusting to market conditions. With approximately 77,000 employees and $675 billion in assets as of December 31, 2022, U.S. Bancorp continues to serve a diverse customer base through various banking services. The company has garnered recognition for its ethical practices and customer service.

U.S. Bank has launched new ETF services in Europe, marking a significant expansion of its offerings. The bank will support Horizon Kinetics in launching the European version of its Inflation Beneficiaries ETF (Ticker: INFBN NA), aimed at capitalizing on inflationary trends. This actively managed fund focuses on businesses that can thrive under inflation. U.S. Bank will also leverage its relationship with Intercontinental Exchange (ICE), utilizing the ICE ETF Hub for efficient market operations. With $9.8 trillion in assets under custody as of December 31, 2022, U.S. Bank aims to cater to both U.S. and European ETF clients.

U.S. Bank highlights its partnership with Technovation, a tech education nonprofit, which encourages young women to pursue careers in STEM. This initiative has inspired former participants, including members of the Computer Glitz team, who presented innovative mobile app ideas in 2018. Five years later, these women have embarked on academic paths in fields like medicine, computer science, and cybersecurity. Their experiences in Technovation played a pivotal role in shaping their career aspirations. U.S. Bank continues to foster diversity in tech through various programs that support young women in technology-related fields.

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.48 per common share, payable on April 17, 2023, to stockholders recorded by March 31, 2023. This annualizes to $1.92 per share. Additional dividends for preferred stocks include: $1,462.428 for Series A, $339.357 for Series B, with similar payments for Series J, K, L, M, N, and O stocks also set for April 17, 2023.

U.S. Bancorp holds approximately $675 billion in assets, serving millions through diverse banking services.