U.S. Bank celebrates 160 years (2024)

FAQs

What is the U.S. Bank mission statement? ›

U.S. Bank Mission Statement

We work to meet our customers' business and personal banking needs with competitive products and services, convenient access to their accounts, and proven stability backed by industry-leading financial metrics.

The U.S. Bank name first appeared as United States National Bank of Portland, established in Portland, Oregon, in 1891. In 1902, it merged with Ainsworth National Bank of Portland, but kept the U.S. National Bank name. It changed its name to the United States National Bank of Oregon in 1964.

The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.

Yes, U.S. Bancorp [NYSE: USB] is the publicly traded parent company of U.S. Bank. While we often use U.S. Bancorp in formal documents and corporate filings, U.S. Bank is what you'll see on branches, app stores, national television commercials and much more.

U.S. Bank Tower is a skyscraper in Los Angeles, California, United States. It is 310 meters (1018 feet) tall and has 73 floors. It was built in 1989 and is one of the tallest buildings in the United States. It is the tallest building in the United States that is west of the Mississippi River.

Is U.S. Bank China-owned? While foreign investors, including those from China, may hold shares in U.S. Bank, the company is not owned by China or any foreign country. It is a U.S.-based financial institution operating under its parent company, U.S. Bancorp.

Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.

Temples, often considered the earliest banks, served as repositories for valuable items and grain, and priests would lend these resources to local farmers and merchants. The temples were also responsible for keeping records of these transactions, giving birth to the concept of bookkeeping.

U.S. Bancorp made an $8 billion deal to acquire MUFG Union Bank in September 2021 and closed the transaction last December.

Who controls U.S. banks? ›

The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. The OCC is an independent bureau of the U.S. Department of the Treasury.

The bottom line: U.S. Bank ranks as one of our top picks for the best banks. It's a good choice if you want a brick-and-mortar bank with 24/7 live support. It also has a variety of credit card and lending options, and you can earn significant welcome bonuses when you open checking and savings accounts.

The United Bank Mission

Maximize UB shareholders' value through satisfying clients' financial needs. Capitalize on UB unique products and services, Shariaa compliant, digital banking solutions, and operational excellence. We deeply believe in investing in human capital development.

Here is a typical mission statement for a bank: “We will be the preferred provider of targeted financial service in our communities based on strong customer relationships. We will strengthen these relationships by providing the right solutions that combine our technology, experience, and financial strength.

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team.

A mission statement summarizes why a business exists and helps a company respond to change and make decisions that align with its vision. This brief description helps customers, employees, and leadership understand the organization's top priorities. An effective mission statement will naturally change over time.