U.S. Bancorp

U.S. Bancorp closing branches in Chicago

06/05/19

The regional bank has begun closing branches in Chicagoland as part of a plan to reduce its net number of brick-and-mortar offices by up to 15% even as it looks to expand in the Southeast.

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U.S. Bank worker fired after blowing whistle on sales scheme, suit says

05/06/19

A former call center worker says he lost his job last year after reporting that employees were given incentives to market credit cards to ineligible borrowers.

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C&I a bright spot in 'disappointing' quarter for lending

04/29/19

Even as consumer and CRE lending slowed in the first quarter, business lending — particularly to middle-market companies — surged. But some banks are already warning that the growth could taper off as competition from nonbanks heats up.

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Think a Comerica sale is off the table? Don't be so sure

04/24/19

Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank.

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Charlotte bound: U.S. Bank expanding into hometown of BofA, BB&T-SunTrust

04/22/19

The Minneapolis bank will open about 10 branches in North Carolina's largest city by the end of next year, adding to already intensifying competition among big banks.

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Can U.S. Bancorp make its digital cross-selling strategy work?

04/17/19

EO Andy Cecere acknowledges that other banks have tried to broaden customer relationships and selectively expand into new markets before and struggled. But the sophistication of today’s online and mobile services could make all the difference this time, he says.

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U.S. Bancorp chief downplays interest in M&A

04/17/19

Asked whether the BB&T-SunTrust deal had sparked a desire to pursue deals, Andy Cecere emphasized a focus on digital upgrades and opening branches in new markets.

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Commercial, mortgage, card lending rise at U.S. Bancorp

04/17/19

The Minneapolis bank reported mid- to high-single-digit improvement in those categories, but total loan growth was curbed by declines in CRE and other credit types.

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In strategic shift, TIAA to close dozens of mortgage offices

02/21/19

The company will shutter the offices it inherited when it bought EverBank in 2017 and focus on lending to existing customers through digital channels. U.S. Bank will assume the leases on about 25 properties.

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U.S. Bancorp expands borrowing options for corporate clients

01/31/19

The new asset-based securities lending unit, based in Charlotte, N.C., will provide warehouse lines of credits to nonbank consumer and commercial lenders.

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