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.
The Board of Directors of U.S. Bancorp (NYSE: USB) declared a quarterly dividend of $0.46 per common share, payable on April 15, 2022, to stockholders of record by March 31, 2022. This amounts to an annual dividend of $1.84 per common share. Additional dividends were announced for preferred stocks, including $875.000 per share for Series A and $218.750 for Series B, all payable on the same date. U.S. Bancorp, with nearly 70,000 employees and $573 billion in assets, provides diverse banking services globally.
The WNBA has announced a multiyear partnership with U.S. Bank, designating it as a WNBA Changemaker. This collaboration will empower women in sports, focusing on diversity, equity, and inclusion. U.S. Bank will become the official bank for marquee events and create financial education programs for players, promoting long-term success post-career. The partnership will also support community initiatives for young women in underserved areas, aiming to enhance financial health and economic advancement across diverse communities.
U.S. Bancorp (NYSE: USB) has announced that CFO Terry Dolan and Vice Chair Tim Welsh will present at the RBC Capital Markets Financial Institutions Virtual Conference on Wednesday, March 9 at 8 a.m. ET. A live webcast will be accessible on the day of the presentation from the Investor Relations website, with a replay available for a year. U.S. Bancorp, headquartered in Minneapolis, boasts nearly 70,000 employees and $573 billion in assets as of December 31, 2021, providing diverse banking services globally.
U.S. Bank has partnered with Microsoft Azure to modernize its technology infrastructure, aiming to enhance customer and employee experiences. The investment includes leveraging artificial intelligence and machine learning to create innovative services and improve operational efficiency. With an increase in digital transactions, U.S. Bank is adapting to changing banking habits post-COVID-19, where 81% of consumer transactions occurred online by 2021. Additionally, the transition will strengthen data security and resilience within the bank.
U.S. Bancorp announced the redemption of all outstanding 3.00% Medium-Term Notes, Series T, due March 15, 2022, on February 15, 2022. The redemption price will be $1,000 per $1,000 original principal amount along with accrued interest up to the redemption date. Payments will be processed through The Depository Trust Company. As of December 31, 2021, U.S. Bancorp holds $573 billion in assets and has nearly 70,000 employees, providing a range of banking services while being recognized for its commitment to digital innovation and social responsibility.
U.S. Bancorp reported its fourth quarter 2021 financial results, highlighting a robust performance across its diversified business segments. The company, which manages $567 billion in assets, serves millions of customers worldwide. A conference call hosted by CEO Andy Cecere and CFO Terry Dolan will discuss the earnings in detail. U.S. Bancorp's commitment to digital innovation and customer service has earned it recognition as one of the World’s Most Ethical Companies and a leader in its sector.
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