U.S. Bancorp is the parent company of the fifth-largest bank in the United States; the U.S. Bank National Association. It is a bank holding company that provides a wide variety of financial services including routine banking, investments, mortgages, trust services, and payments. Along with individual citizens, U.S. Bancorp caters to businesses, government bodies, as well as other banking institutions. Presently, the company owns over three thousand branches along with maintaining almost five thousand automated teller machines most of which are located in the U.S. Midwest.
U.S. Bancorp Center
The headquarters for the U.S. Bancorp can be found in the city of Minneapolis, Minnesota. Specifically, the company’s main office is located at 800 Nicollet Mall. Construction of the building, known as the US Bancorp Center or US Bank Piper Jaffray Center, began in 1998 and was completed in 2000. The building was designed by Ellerbe Becket, a local architectural firm. The office tower is comprised of 32 above-ground floors and three underground levels and contains a total of thirty elevators. The structure rises to a height of 467 feet making it Minneapolis’ 13th tallest building behind such well-known buildings as the Wells Fargo Center and The Carlyle, a residential tower. In total, the skyscraper takes up a floor area of 929,690 square feet. Along with housing U.S. Bancorp’s main offices, the building also serves as the corporate headquarters for U.S. Bank and Piper Jaffray, a multinational investment bank. The U.S. Bancorp Center is connected to a Target store as well as a Macy’s department store by way of an enclosed pedestrian footbridge.
Other U.S. Bancorp Buildings are located in various cities across the United States including Phoenix (Arizona), Cleveland (Ohio), Seattle (Washington), Billings (Montana), and Las Vegas (Nevada).
While its roots can be traced back to the United States National Bank of Portland which was founded in 1891, Bancorp was officially established in 1968. At that time the company was led by president and CEO LeRoy B. Staver. Since that time, the bank holding company has acquired an array of American financial institutions including Heritage Bank, Peoples Bancorp, California Bancshares, and Northwestern Commercial Bank. In 1997, the First Bank System bought U.S. Bancorp of Oregon for a sum of $9 million in stock. The institution was then officially renamed U.S. Bancorp with its headquarters established in its existing offices in Minneapolis.
The Midwestern city of Minneapolis, Minnesota is home to an estimated metro population of 3,629,190 residents. Incorporated in 1867 the city shares its Twin Cities nickname with the neighboring community of St. Paul. Taking up an area of 57.49 square miles Minneapolis is known for having the world’s longest skyway system which spans a total of 69 city blocks. Among the city’s noteworthy attractions include the Minneapolis Sculpture Garden, Walker Art Center, Guthrie Theatre, Grand Rounds National Scenic Byway, and statue of iconic actress Mary Tyler Moore Statue (located on Nicollet Avenue) at the site of where the opening sequence for her popular TV show was filmed.