MINNEAPOLIS--(BUSINESS WIRE)--Jul. 14, 2009--
U.S. Bancorp (NYSE:USB) has been named the “Best Bank in the U.S.” by Euromoney
magazine as part of its 2009 Awards for Excellence. The award was
presented at an event hosted by Euromoney in London on July 8,
The publication praised U.S. Bancorp’s performance during the
rollercoaster economy of the last year, and noted that “U.S. Bancorp has
been seen as a safe pair of hands with a balance sheet to use, and
companies have needed banks over turbulent times that can lend when
loans are due for renewal.”
“Investors in U.S. Bancorp have shown their positive view by buying up a
stock offering, and the company passed the stress tests where others
failed. The company is well-capitalized and has continued to grow its
loans, mortgages and deposits,” said Helen Avery, U.S. editor of Euromoney.
“All in all, U.S. Bancorp has made some great achievements in what has
been a challenging time in the banking industry.”
Euromoney, the world’s leading financial markets magazine, has selected
the outstanding institutions in finance with its annual Awards for
Excellence since 1992. The awards include global recognition for
organizations within banking and capital markets, and they give
recognition to the best banks and security houses in almost 100
countries around the world.
U.S. Bancorp, with $264 billion in assets, is the parent company of U.S.
Bank, the 6th largest commercial bank in the United States. The company
operates 2,847 banking offices and 5,183 ATMs in 24 states, and provides
a comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. Visit U.S. Bancorp on the web at usbank.com.
Source: U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judith T. Murphy