Current CEO of U.S. Bancorp: Richard Davis
In 1902, The U.S. National Bank of Portland merged with the Ainsworth National bank but kept the U.S. National Bank name. Several smaller mergers followed, and in the 1990s, more banks merged. In the late 1990s, U.S. National formed a bank holding company known as U.S. Bancorp, the parent company of U.S. Bank, which is often written as US Bank. Mergers continued, and in 2001, U.S. Bancorp established its headquarters in Minneapolis, Minnesota, where it is today.
US Bank offers services to individuals, small businesses, large corporations and public sector clients. Services include savings and checking accounts, card processing, loans, investment products, trust management and insurance.
US Bank careers span a broad sector of the banking industry and related fields. Areas of work include:
• Accounting and Finance
• Compliance and Quality Control
• Customer Service
• Education and Training
• Executive Management
• Facility Management
• Human Resources
• Information Technology
• Legal Work
• Product Management and Analysis
• Risk Management and Fraud Protection
The attitudes, goals and practices that are a common thread connecting all their banks constitute US Bank culture. US Bank believes in rewarding employees who achieve or exceed their business objectives. Employees whose performance is exceptional receive special consideration. Teamwork is strongly encouraged. The company expects each employee to do their best at all times and to provide outstanding service.
While working at U.S. Bank, employees are expected to do volunteer work. To encourage participation, the company offers full-time employees eight hours per year of paid time while they volunteer. The bank is committed to sustaining the environment and expects employees to comply with their initiatives.
US Bank benefits include health, accident, disability and life insurance; a 401 (k) plan with a company match after one year; retiree health care coverage; a company pension plan that vests after only three years of service; wellness discounts and a nurse advice line; eight weeks of paid maternity leave, two weeks of adoption leave and adoption assistance of up to $2,500; and many opportunities for personal development. US Bank, recognizing the stresses military service puts on families, also plans to allow two weeks paid leave to employees who have spouses, children or parents on active duty.