# U.S. Bank

> U.S. Bank is the banking brand of Minneapolis-based U.S. Bancorp, a publicly traded financial services group serving about 15 million clients. It combines consumer and business banking with Elavon payment processing, wealth and investment services, commercial lending and an expanding capital markets business.

- **Founded:** 1863
- **Headquarters:** Minneapolis, United States
- **Products:** Consumer banking and lending, U.S. Bank Business Essentials, Elavon, Wealth, corporate, commercial and institutional services, BTIG
- **Notable:** Business Essentials received Tearsheet’s Best New Product award in September 2025., Completed the MUFG Union Bank acquisition in 2022, expanding its West Coast banking presence., Completed the BTIG acquisition on June 1, 2026.

## Products & services

- **Consumer banking and lending** — Checking, savings, CDs, credit cards, mortgages, home equity and vehicle loans, with online, mobile and branch service.
- **U.S. Bank Business Essentials** — Business checking paired with card acceptance, a mobile reader, unlimited digital transactions and funding subject to settlement terms.
- **Elavon** — Merchant acquiring and online, mobile and in-person payment processing in North America and Europe; NOVA was renamed Elavon in 2008.
- **Wealth, corporate, commercial and institutional services** — Wealth advice, investment management, trust and fund services, treasury management, equipment finance, specialized lending and capital markets.
- **BTIG** — Investment banking, institutional sales and trading, equity capital markets, research and prime brokerage through a separately operated broker-dealer acquired in June 2026.
- **U.S. Bank Payroll** — Third-party payroll services from Gusto accessed through U.S. Bank online banking.

## Achievements

- Business Essentials received Tearsheet’s Best New Product award in September 2025.
- Completed the MUFG Union Bank acquisition in 2022, expanding its West Coast banking presence.
- Completed the BTIG acquisition on June 1, 2026.
- Reported $2.202 billion net income and $7.970 billion net revenue for Q3 2026.

## Latest updates

- **2026-10** — Q3 results reported October 15: net revenue of $7.970 billion and net income of $2.202 billion; includes a full quarter of BTIG.
- **2026-10** — Reported a live USBDC dollar-backed stablecoin pilot for a cross-border payment between its own North American and European entities on Stellar; this was a pilot, not a general consumer release.
- **2026-06** — Completed BTIG acquisition effective June 1; BTIG continues as a separate broker-dealer.
- **2026-04** — Gunjan Kedia assumed the chair role in addition to CEO.

## Links

- Website: https://www.usbank.com
- LinkedIn: https://www.linkedin.com/company/us-bank
- Twitter/X: https://x.com/usbank
- YouTube: https://www.youtube.com/user/usbank
- Instagram: https://www.instagram.com/usbank/
- Facebook: https://www.facebook.com/usbank/

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Profile page: https://yespress.io/us-bank
Published by YesPress — https://yespress.io
Last updated: 2026-10-22