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U.S. Bank personal loans now available through State Farm®

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U.S. Bank and State Farm have expanded their alliance by introducing personal loans of up to $50,000 through State Farm agents. This addition complements their existing collaboration that includes deposits, co-branded credit cards, and business banking services.

The partnership, which began in early 2020, has already served over 900,000 State Farm customers. The personal loans, now available in all 50 states, can be used for major purchases, home improvements, debt consolidation, or private party vehicle purchases.

This expansion represents U.S. Bank's continued investment in strategic alliances to reach new customers and grow their business, while enhancing State Farm's financial product offerings to meet evolving customer needs.

U.S. Bank e State Farm hanno ampliato la loro alleanza introducendo prestiti personali fino a $50.000 tramite gli agenti di State Farm. Questa aggiunta si integra con la loro collaborazione esistente che include depositi, carte di credito co-branded e servizi bancari per le imprese.

La partnership, iniziata all'inizio del 2020, ha già servito oltre 900.000 clienti di State Farm. I prestiti personali, ora disponibili in tutti e 50 gli stati, possono essere utilizzati per acquisti importanti, miglioramenti della casa, consolidamento dei debiti o acquisti di veicoli da privati.

Questa espansione rappresenta il continuo investimento di U.S. Bank in alleanze strategiche per raggiungere nuovi clienti e far crescere il proprio business, mentre migliora l'offerta di prodotti finanziari di State Farm per soddisfare le esigenze in evoluzione dei clienti.

U.S. Bank y State Farm han ampliado su alianza al introducir préstamos personales de hasta $50,000 a través de los agentes de State Farm. Esta adición complementa su colaboración existente que incluye depósitos, tarjetas de crédito co-marcadas y servicios bancarios para empresas.

La asociación, que comenzó a principios de 2020, ya ha atendido a más de 900,000 clientes de State Farm. Los préstamos personales, ahora disponibles en los 50 estados, se pueden utilizar para compras importantes, mejoras en el hogar, consolidación de deudas o compras de vehículos a particulares.

Esta expansión representa la continua inversión de U.S. Bank en alianzas estratégicas para alcanzar nuevos clientes y hacer crecer su negocio, mientras mejora la oferta de productos financieros de State Farm para satisfacer las necesidades cambiantes de los clientes.

U.S. BankState Farm은 State Farm 대리인을 통해 최대 $50,000의 개인 대출을 도입하여 제휴를 확대했습니다. 이 추가 사항은 예금, 공동 브랜드 신용 카드 및 기업 은행 서비스가 포함된 기존 협력을 보완합니다.

2020년 초에 시작된 파트너십은 이미 900,000명 이상의 State Farm 고객에게 서비스를 제공했습니다. 이제 모든 50개 주에서 제공되는 개인 대출은 주요 구매, 주택 개조, 부채 통합 또는 개인 차량 구매에 사용할 수 있습니다.

이번 확장은 U.S. Bank의 새로운 고객을 유치하고 비즈니스를 성장시키기 위한 전략적 제휴에 대한 지속적인 투자를 나타내며, State Farm의 금융 상품 제공을 강화하여 변화하는 고객의 요구를 충족합니다.

U.S. Bank et State Farm ont élargi leur alliance en introduisant des prêts personnels allant jusqu'à $50,000 par l'intermédiaire des agents de State Farm. Cet ajout complète leur collaboration existante qui inclut des dépôts, des cartes de crédit co-marquées et des services bancaires pour les entreprises.

Le partenariat, qui a débuté au début de 2020, a déjà servi plus de 900,000 clients de State Farm. Les prêts personnels, désormais disponibles dans les 50 États, peuvent être utilisés pour des achats importants, des améliorations domiciliaires, la consolidation de dettes ou l'achat de véhicules auprès de particuliers.

Cette expansion représente l'investissement continu de U.S. Bank dans des alliances stratégiques pour atteindre de nouveaux clients et développer son activité, tout en améliorant l'offre de produits financiers de State Farm pour répondre aux besoins évolutifs des clients.

U.S. Bank und State Farm haben ihre Allianz erweitert, indem sie persönliche Darlehen von bis zu $50.000 über State Farm-Agenten einführen. Diese Ergänzung ergänzt ihre bestehende Zusammenarbeit, die Einlagen, Co-Branding-Kreditkarten und Geschäftsbanking-Dienstleistungen umfasst.

Die Partnerschaft, die Anfang 2020 begann, hat bereits über 900.000 Kunden von State Farm bedient. Die persönlichen Darlehen, die jetzt in allen 50 Bundesstaaten verfügbar sind, können für größere Anschaffungen, Wohnungsverbesserungen, Schuldenkonsolidierung oder den Kauf von Fahrzeugen von Privatpersonen verwendet werden.

Diese Expansion stellt U.S. Banks fortgesetzte Investition in strategische Allianzen dar, um neue Kunden zu erreichen und ihr Geschäft auszubauen, während die Finanzproduktangebote von State Farm verbessert werden, um den sich wandelnden Kundenbedürfnissen gerecht zu werden.

Positive
  • Partnership has successfully served over 900,000 State Farm customers
  • Expansion to personal loans of up to $50,000 increases product portfolio
  • Nationwide availability across all 50 states enhances market reach
  • Multiple use cases for loans increases potential customer base
Negative
  • None.

New personal lending product expands alliance between U.S. Bank and State Farm

MINNEAPOLIS--(BUSINESS WIRE)-- In the latest expansion of the State Farm and U.S. Bank alliance, State Farm customers can now apply for U.S. Bank personal loans for up to $50,000 working directly with their agent. The new offering joins the existing suite of U.S. Bank products accessible through State Farm agents that includes deposits, co-branded credit cards and a full suite of business banking products and services.

“Together, we have already helped more than 900,000 State Farm customers access the financial products they need through their agent relationships,” said Arijit Roy, head of consumer and business banking products at U.S. Bank. “Our strategy around alliances and collaborations is one we continue to invest in to reach new customers and help grow our business.”

The opportunity to offer U.S. Bank personal loans will be available to all State Farm agents and is the latest expansion of the collaboration between the two dating back to early 2020.

For qualified borrowers, U.S. Bank personal loans can provide one-time funding for any major purchase or project, including home improvements, debt consolidation or a private party vehicle purchase. U.S. Bank recently expanded its availability of personal loans to include all 50 states.

“At State Farm, we are committed to providing financial products that help meet the needs of our customers. Adding U.S. Bank unsecured personal lending to an already robust banking suite enhances our ability to add value and help meet the evolving financial needs of the State Farm customer,” said Luke Kasten, head of Corporate & Business Development for State Farm. “We’re excited about the opportunity for State Farm agents to help more people in more ways by expanding the alliance with U.S. Bank.”

About State Farm:

For over 100 years, the mission of State Farm has been to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its more than 19,400 agents and 67,000 employees serve over 91 million policies and accounts – including auto, fire, life, health, commercial policies and financial services accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 39 on the 2024 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.

About U.S. Bank:

U.S. Bancorp, with more than 70,000 employees and $678 billion in assets as of December 31, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. To learn more, please visit the U.S. Bancorp website at usbank.com and click on “About Us.”

Disclosures: U.S. Bank will consider your credit score, debt-to-income, credit history, U.S. Bank and Alliance relationship, along with other factors when making underwriting decisions. Loans and lines of credit are offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Deposit products offered by U.S. Bank National Association. Member FDIC.

Media Contact :



Tessa Bajema

U.S. Bank Public Affairs & Communications

tessa.bajema@usbank.com



State Farm

Media Inquiries

media@statefarm.com

Source: U.S. Bancorp

FAQ

What is the maximum personal loan amount available through the U.S. Bank and State Farm partnership?

State Farm customers can apply for U.S. Bank personal loans for up to $50,000 through their agents.

How many customers has the U.S. Bank and State Farm alliance served since 2020?

The alliance has helped more than 900,000 State Farm customers access financial products through their agent relationships.

What can U.S. Bank personal loans through State Farm be used for?

The loans can be used for major purchases, home improvements, debt consolidation, or private party vehicle purchases.

What other U.S. Bank products are available through State Farm agents?

State Farm agents offer U.S. Bank deposits, co-branded credit cards, and a full suite of business banking products and services.

When did the alliance between U.S. Bank and State Farm begin?

The collaboration between U.S. Bank and State Farm began in early 2020.
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