Us Bancorp Stock Price, News & Analysis

The latest initiative by U.S. Bank, in collaboration with the California Restaurant Foundation's 'Experience Hospitality' program, is providing job training for high school students interested in the restaurant industry. Over 500 students from California, enrolled in the ProStart program, toured various hospitality companies, including Urbane Café, Wienerschnitzel, and Pacifica Hotels. The students met with industry leaders and learned about business planning and capital access.

In Ventura, California, students met Urbane Café's founder, Tom Holt, and his team, who emphasized customer-centric service. U.S. Bank's small business specialists also shared insights into starting and funding businesses. U.S. Bank's VP, Rockette Ewell, highlighted the bank's commitment to workforce development through this initiative.

U.S. Bank launched a new campaign, “The Power of Us,” under the guidance of CMO Michael Lacorazza. The campaign highlights the bank's connection to its clients' financial milestones through a brand film and three spots featuring actor Jake Gyllenhaal. These films, in both English and Spanish, showcase the shared journey of U.S. Bank employees and clients, emphasizing moments like buying a first car, graduating college, and retirement planning. Developed with New York City-based Supernatural AI, the multi-channel campaign will run across CTV, broadcast, Out of Home, digital, social, and sponsorship platforms.

Maravilla Gardens in Camarillo, California, a thriving wedding venue, is run by Jen Loller and her mother, Jo Maravilla. Established as a lemon orchard, it evolved into a wedding venue due to the 2000s recession. Jen and her family moved back in 2010 to co-manage the business, which benefits from Camarillo’s scenic beauty. Despite COVID-19 challenges, they maintained the lavish gardens. Their relationship with U.S. Bank, which started 15 years ago, has been crucial. Now, as the wedding industry rebounds, Jo Maravilla, at 83, is contemplating retirement while ensuring the family legacy is preserved.

U.S. Bancorp (NYSE: USB) announced that its Chairman and CEO, Andy Cecere, along with CFO John Stern, will present at the Bernstein 40th Annual Strategic Decisions Conference 2024. The presentation is scheduled for 9 a.m. Eastern Time on Thursday, May 30, in New York. A live audio webcast will be available on the U.S. Bank Investor Relations website, with a replay accessible post-event.

Jolene Jackelen, vice president on the annuity product team at U.S. Bank, has volunteered with Helping Paws MN for 15 years, training service dogs to assist people with disabilities and PTSD. Jackelen, who has trained two service dogs, integrates this work with her role at U.S. Bank, bringing dogs to the office for training. Helping Paws MN, an organization that started in 1985, focuses on training Golden and Labrador Retrievers. Jackelen highlights the importance of service dogs and the distinction from therapy or emotional support animals. U.S. Bank also promotes digital accessibility in its services, integrating inclusive practices to benefit all users.

For the fourth consecutive year, U.S. Bank has been ranked highest in customer satisfaction for retail banking in California by J.D. Power. The 2024 U.S. Retail Banking Satisfaction Study evaluated customer satisfaction across seven dimensions including trust, customer service, account offerings, and digital channels. U.S. Bank's recent acquisition of MUFG Union Bank added over 1 million consumer clients and 190,000 small business clients. This expansion has helped U.S. Bank climb from 10th to 4th in deposit position in California. Executives attribute this success to their commitment to client-centric services and advanced digital products.

Delphine Pruitt, a seasoned finance professional with over 25 years of experience, is making significant strides in supporting Black-owned businesses in Southern California. Recently honored with a Presidential Lifetime Achievement Award and an honorary doctorate, Pruitt's work through U.S. Bank's Access Commitment® is bridging financial gaps and fostering economic growth in underserved communities.

Pruitt's efforts include mentoring business owners like Omoné O. Livingston of O2EPCM, Inc. and Anthony 'Tony' Jolly of Crenshaw Coffee Co., both of whom have benefited from her guidance and U.S. Bank's resources.

This initiative, celebrated during Small Business Month, highlights U.S. Bank's dedication to closing the wealth gap and supporting minority entrepreneurs through personalized financial services and community engagement.

U.S. Bank volunteers joined the annual Women's Build event with Habitat for Humanity of Greater Sacramento, emphasizing the importance of affordable housing and community development. Through volunteerism and financial contributions, the bank continues to support sustainable housing initiatives.

The U.S. Bank Foundation distributed $15 million in grants from the Opportunity Fund to support low- to moderate-income communities, focusing on wealth-building opportunities for rural, Native American, and communities of color. Lead for America received funding to bridge the digital divide in rural areas through the American Connection Corps program. The grants also support small businesses, affordable housing, homeownership, and economic development initiatives.