US Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement

U.S. Bancorp and Mitsubishi UFJ Financial Group extended the outside termination date of the purchase agreement for U.S. Bank’s acquisition of MUFG from Sep. 30, 2022, to Dec. 31, 2022.

September 19, 2022 Mitsubishi UFJ Financial Group | U.S. Bancorp Ian Koplin

U.S. Bancorp Enters Agreement to Acquire MUFG Union Bank

U.S. Bancorp entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group. Under the terms of the agreement, U.S. Bancorp will purchase MUFG Union Bank for approximately $8 billion.

September 21, 2021 Andy Cecere | Goldman Sachs | Kevin Cronin | MUFG Union Bank | Simpson Thacher & Bartlett | U.S. Bancorp Ian Koplin

Cecere to Succeed Davis as U.S. Bancorp CEO

Andy Cecere, currently president and chief operating officer, will succeed Richard Davis as CEO of U.S. Bancorp on April 18, 2017, the date of the bank’s annual meeting of shareholders.

January 18, 2017 Andy Cecere | Richard Davis | U.S. Bancorp | U.S. Bank ABF Journal

Citi Leads $125MM Facility for The Trade Desk

The Trade Desk secured a $125 million revolver from a lending syndicate led by Citibank.

May 10, 2016 Citibank | City National Bank | East West Bancorp | The Trade Desk | U.S. Bancorp ABF Journal

U.S. Bancorp Q1 Earnings Hurt by Energy Related Loans

U.S. Bancorp reported Q1/16 earnings of $1.39 billion compared with $1.43 billion a year earlier. The bank noted the decrease was partially due to a 25% increase in loss provisions driven by energy-related commercial loans.

April 21, 2016 U.S. Bancorp ABF Journal

U.S. Bancorp Achieves Record FY 2015 Net Income

U.S. Bancorp reported 2015 full year net income of $5,879 million, which was a record compared to $5,851 million a year earlier. The bank noted the continued stability in its net interest margin of 3.06% and 3.05% in Q4/15 and full year, respectively.

January 15, 2016 Richard K. Davis | U.S. Bancorp ABF Journal

U.S. Bancorp Reports Higher Q3 Earnings, Record EPS

U.S. Bancorp reported Q3/15 earnings of $1,489 million was up from $1,471 million a year earlier. The bank’s Q3/15 EPS of $0.81 met analysts’ expectations and was a record achievement.

October 16, 2015 U.S. Bancorp Terry Mulreany

U.S. Bancorp Q2 Results Meet Expectations

U.S. Bancorp reported Q2/15 net income of $1,483 million compared with $1,495 million in Q2/14. Earnings per share of $0.80 met the expectations of analysts polled by Thomson Reuters.

July 16, 2015 U.S. Bancorp Rita Garwood

Wells, TD Explore Bids for GE Lending Assets

Bloomberg reported Wells Fargo and TD Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as it whittles down its finance arm.

June 12, 2015 Capital One Financial | General Electric | U.S. Bancorp ABF Journal

U.S. Bancorp Q1 Earnings Higher on Asset Growth

U.S. Bancorp reported Q1/15 net income of $1,431 million was up 2.4% from $1,397 million a year earlier driven by earning asset growth. The bank also noted its Q1 net interest margin of 3.08% was down from 3.35% a year earlier.

April 17, 2015 U.S. Bancorp ABF Journal