Chicago Area Charter One Locations Now Carry U.S. Bank Name
MINNEAPOLIS--(BUSINESS WIRE)--Jun. 23, 2014--
The Chicago-area Charter One branches that U.S. Bank acquired from
Citizens Financial Group have opened today under the U.S. Bank name.
Originally announced in January, the acquisition includes Charter One’s
retail branch network as well as small business operations and select
middle market client relationships. The transaction gives U.S. Bank more
than 160 branches in the Chicagoland area, and nearly doubles U.S.
Bank’s deposit market share in the Chicago area.
“We’ve spent the last few months getting to know our new customers and
employees and we are pleased to formally welcome them to the U.S. Bank
family,” said Steve SaLoutos, division manager for U.S. Bank’s
Metropolitan Branch Network. “We are confident that our expanded branch
network in the Chicagoland area will enable us not only to serve new
customers, but to deepen our relationships with existing customers in
New customers will be welcomed to U.S. Bank at a series of events
planned throughout the summer. Also, this summer, U.S. Bank will begin
to expand into its new space at 190 S. LaSalle Street.
“We’ve worked hard to grow our presence in Chicago over the past five
years,” said Marsha Cruzan, Chicago market president for U.S. Bank. “The
completion of the Charter One acquisition is an important milestone for
us as we deepen our relationship with a larger group of customers in
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $371 billion
in assets as of March 31, 2014, is the parent company of U.S. Bank
National Association, the 5th largest commercial bank in the United
States. The Company operates 3,083 banking offices in 25 states and
4,878 ATMs 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. Bank
Teri Charest, U.S. Bank Public Relations
(612) 303-0732, firstname.lastname@example.org