U.S. Bancorp (USB.BA)

8,372.00 -393.50 (-4.49%) At close: 04:58PM ART

U.S. Bancorp

800 Nicollet Mall
Minneapolis, MN 55402
United States
651-466-3000
https://www.usbank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 70,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Andrew J. Cecere	Chairman, President & CEO	4.52B	N/A	1961
Mr. John C. Stern	Senior Executive VP & CFO	1.92B	N/A	1979
Mr. Terrance Robert Dolan	Chief Administration Officer & Vice Chair	1.93B	N/A	1962
Mr. Shailesh M. Kotwal	Vice Chairman of Payment Services	1.75B	N/A	1965
Ms. Gunjan Kedia	Vice Chairman of Wealth, Corporate, Commercial & Institutional Banking	1.76B	N/A	1971
Mr. Timothy A. Welsh	Vice Chairman of Consumer & Business Banking	1.65B	N/A	1966
Mr. Souheil S. Badran	Senior EVP & COO	N/A	N/A	1965
Ms. Jennifer Ann Thompson C.F.A.	EVP, Head of Corporate Finance and Director of Investor Relations & Economic Analysis	N/A	N/A	N/A
Mr. Dilip Venkatachari	Senior EVP and Chief Information & Technology Officer	N/A	N/A	1960
Mr. James L. Chosy	Senior EVP & General Counsel	N/A	N/A	1964

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in ARS.

Description

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. It also provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, the company offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. Further, it provides investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Additionally, the company provides corporate and purchasing card, and corporate trust services. Furthermore, it offers trust and investment management, merchant and ATM processing, mortgage banking, insurance, and brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.

Corporate governance

U.S. Bancorp’s ISS governance QualityScore as of 1 April 2024 is 1. The pillar scores are Audit: 1; Board: 5; Shareholder rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.