Founded in 1863, Minneapolis-based U.S. Bancorp (NYSE: USB) is a diversified financial services holding company and the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States and the 4th largest in California. Our company is known for its prudent risk management, quality products and services, outstanding customer service and its focus on the future. U.S. Bank also has been recognized as one of the safest most respected and most trusted banks in the country.
At year-end 2010, U.S. Bancorp had $308 billion in assets, and reported net income of $974 million for the fourth quarter of 2010, or $.49 per diluted common share. Earnings for the fourth quarter of 2010 were driven by record total net revenue of $4.7 billion. U.S. Bank employs more than 61,000 people; operates 3,031 banking offices across 24 states; and provides 5,310 ATMs to more than 17.2 million customers. U.S. Bank offers a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and international payment services products to consumers, businesses and institutions.