US Bank 2012 Annual Report Download - page 5

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U.S. BANCORP 1
Please see explanation on Page 19 regarding the risks and uncertainties
that may affect the accuracy of forward-looking statements.
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Corporate Profile
U.S. Bancorp (NYSE: USB) is a diversified financial services
holding company and parent company of U.S. Bank
National Association, the nation’s fifth-largest commercial
bank with $354 billion in assets at December 31, 2012.
U.S. Bancorp was named Fortune magazine’s 2012 Most
Admired Superregional Bank.
Headquartered in Minneapolis, U.S. Bancorp is recognized
for strong financial performance, prudent risk management,
capital generation, product quality, customer service and
community support. U.S. Bancorp provides a wide range
of financial services for consumers, businesses, government
entities and other financial institutions. Among its primary
services are regional consumer and business banking and
wealth management services; national wholesale banking,
commercial real estate and trust services; and global
payments services to more than 17.6 million customers.
We are always mindful of how much we owe to history and the
pioneers of the American banking system, countless courageous
souls who first made banking available in villages, small towns
and growing cities across the heart of this nation in the 19th
century. But today we focus on the future — a strong future —
as an innovative company with a well-diversified business model,
prudent risk management and an ability to produce consistent,
predictable, repeatable results.
At year-end 2012, the company
operated 3,084 banking offices
and 5,065 ATMs in 25 states.
U.S. Bank was founded in 1863
under national Charter #24 and
is one of the nation’s oldest
banks operating under its original
charter. The company will
celebrate its sesquicentennial
in 2013. U.S. Bancorp has
approximately 66,000 employees.
A Strong Future