Us Bancorp Stock Price, News & Analysis

U.S. Bancorp (NYSE: USB) has announced new leadership roles within its Wealth, Corporate, Commercial, and Institutional Banking (WCIB) team. Stephen Philipson has been appointed to lead the WCIB Product Group, expanding his responsibilities to include solutions for wealth and institutional clients. Felicia La Forgia will head the newly established Institutional Client Group (ICG), aimed at enhancing client relationship management across regions and sectors. Both leaders will report to Gunjan Kedia, the new president of U.S. Bancorp. The WCIB and ICG divisions together serve over 500,000 individual clients and 30,000 companies, including nearly 90% of Fortune 1000 companies. Philipson brings over 20 years of experience in financial services, while La Forgia has more than 30 years in banking, previously leading Corporate Banking at U.S. Bank.

U.S. Bancorp (NYSE: USB) has announced that its Chairman and CEO, Andy Cecere, along with its Senior Executive VP and CFO, John Stern, will present at the Morgan Stanley US Financials, Payments & CRE Conference 2024. This presentation is scheduled for 10:15 a.m. Eastern Time on Tuesday, June 11, in New York. A live audio webcast will be available on the U.S. Bank Investor Relations website, with a replay accessible after the event.

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.