USB-PQ - U.S. Bancorp

U.S. Bancorp

800 Nicollet Mall
Minneapolis, MN 55402
United States
866 775 9668
https://www.usbank.com

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 77,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Andrew J. Cecere	Chairman, Pres & CEO	6.16M	808.56k	1961
Mr. Terrance R. Dolan	Vice Chair & CFO	2.63M	N/A	1962
Ms. Gunjan Kedia	Vice Chairman of Wealth Management & Investment Services	2.3M	N/A	1971
Mr. Jeffry H. von Gillern	Vice Chairman of Technology & Operations Services	2.28M	271.84k	1966
Mr. Timothy A. Welsh	Vice Chairman of Consumer & Bus. Banking	2.18M	N/A	1966
Mr. Souheil S. Badran	Sr. EVP & COO	N/A	N/A	1965
Ms. Jennifer Ann Thompson C.F.A.	EVP, Head of Corp. Fin. and Director of Investor Relations & Economic Analysis	N/A	N/A	N/A
Mr. Dilip Venkatachari	Sr. EVP and Global Chief Information & Technology Officer	N/A	N/A	1960
Ms. Katherine B. Quinn	VC & Chief Admin. Officer	N/A	N/A	1965
Mr. James L. Chosy	Sr. EVP, Corp. Sec. & Gen. Counsel	N/A	N/A	1964

Amounts are as of 31 December 2022, 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 USD.

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; 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. In addition, it provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. Further, the company offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. Additionally, it provides investment and insurance products to its customers principally within its markets, as well as fund administration services to mutual and other funds. Furthermore, the company provides corporate and purchasing card, and corporate trust services. The company offers merchant processing, investment management, 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 June 2023 is 5. The pillar scores are Audit: 6; Board: 5; Shareholder rights: 7; Compensation: 2.

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.