Part II : U.S. Bancorp Leadership Background

          USB’s business activities are governed by a board of directors which is comprised of fourteen members.  The current President and CEO is Richard Davis.  Other key executives include vice presidents Andrew Cerere the Chief Financial Officer, Lee Mitau General Counsel and Corporate Secretary.  Richard Davis is relatively young at the age of 50.  His [...]

Part I : Historical Summary of U.S. Bancorp

U.S. Bancorp (USB) operates under the second-oldest continuous national charter, originally Charter #24.  Earlier charters have expired as banks were closed or acquired.  USB’s charter was granted during Abraham Lincoln’s administration in 1864 following the passage of the National Banking Act (NBA) codified under Title 12.  The NBA was a response to a credit crunch [...]

Expose on US Bancorp

These articles are a summary of our look at U.S. Bancorp;  In light of recent turmoil within the financial industries my colleague David Holtkamp and I have put together a summary of our research.  David focused on the regulatory agencies (parts III and IV) and I on all other aspects of this series.   
U.S Bancorp is one of the largest [...]