| Business Summary | | U.S.
Bancorp
is
the
eighth
largest
financial
services
holding
company
in
the
United
States,
with
assets
in
excess
of
$160
billion.
The
Company
operates
2,239
banking
offices,
approximately
5,200
branded
ATMs,
and
provides
a
comprehensive
line
of
banking,
brokerage,
insurance,
investment,
mortgage,
trust
and
payments
services
products
to
consumers,
businesses
and
institutions.
The
Company's
operating
segments
are
Wholesale
Banking,
Consumer
Banking,
Payment
Systems,
and
Wealth
Management
and
Capital
Markets.
U.S.
Bancorp
is
the
parent
company
of
Firstar
Banks
and
U.S.
Bank.
The
Company
was
formed
in
February
2001
following
the
merger
between
Firstar
Corporation
and
U.S.
Bancorp
(OLD). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | U.S.
Bancorp
(NEW)
is
bank
holding
company
with
offices
located
throughout
the
Midwestern
United
States.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
less
than
1%
to
$5.85
billion.
Net
interest
income
after
loan
lossprovision
fell
18%
to
$2.15
billion.
Net
income
fell
30%
to
$972.4
million.
Results
reflect
a
higher
provision
for
loan
losses,
lower
investment
banking
revenue
and
a
$510.1
million
increase
in
merger
and
restructuring-related
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Grundhofer, 62 Chairman | -- | -- | Jerry Grundhofer, 57 Pres,
CEO, Director | $1.3M | $2.0M | David Moffett Vice
Chairman, CFO | 1.0M | 5.7M | Lee Mitau Exec.
VP, Gen. Counsel | -- | -- | Stephen Smith Exec.
VP of HR | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|