US Bank - M&A Summary and Business Overview

Financial ServicesCompany

US Bank M&A Summary

US Bank has acquired 10 companies, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

US Bank’s largest acquisition to date was in 1998, when it acquired Piper Jaffray for $730M. US Bank has acquired in 4 different US states. The Company’s most targeted sectors include financial services (50%) and information technology (20%).

US Bank Business Overview

Where is US Bank headquartered?

US Bank is headquartered in Minneapolis, Minnesota.

What is US Bank’s revenue?

US Bank disclosed revenue of 24,184M USD for 2022 and 22,721M USD for 2021.

How many employees does US Bank have?

US Bank has 70,000 employees.

What sector is US Bank in?

US Bank is a financial services company.

When was US Bank founded?

US Bank was founded in 1863.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity10
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7

US Bank

U.S. Bancorp.

800 Nicollet Mall,
Minneapolis, Minnesota 55402
United States,
(651) 466-3000
www.usbank.com

U.S. Bank is a national consumer and commercial bank. The company operates more then 3,000 bank branches and offices across the US and provides a variety of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bank was founded in 1863 and is based in Minneapolis, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 7 - 3 - - - 10
vol $730M $730M
Sell (0.0/yr) # 2 - - - - - 2
  12

Most Recent M&A

Company Date Value Type
Travelator, Inc. 2021-11-16 - Add-on Acquisition
Daly City, California · www.travelbank.com
Bento Technologies, Inc. 2021-08-12 - Add-on Acquisition
San Francisco, California · www.bentoforbusiness.com
MUFG Union Bank NA - Debt Servicing and Securities Custody Services Client Portfolio 2021-01-06 - Divestiture
San Francisco, California
Quasar Distributor LLC 2019-11-25 - Divestiture
Milwaukee, Wisconsin
Talech 2019-09-09 - Add-on Acquisition
Palo Alto, California · www.talech.com
Citizens Financial - 94 Charter One Branches & Other Assets 2014-01-07 - Divestiture
Chicago, Illinois
Syncada LLC 2013-09-10 - Add-on Acquisition
Minneapolis, Minnesota · www.syncada.com
FSV Payment Systems, Inc. 2012-11-27 - Add-on Acquisition
Jacksonville, Florida · www.fsvpaymentsystems.com
Downey Savings and Loan Association 2008-11-21 - Divestiture
Newport Beach, California
PFF Bank & Trust 2008-11-21 - Divestiture
Pomona, California
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Elan Financial Services    - Elan Financial Services - Third-Party ATM & Debit Servicing Business 2018-09-25 1
Minneapolis, Minnesota · www.elanfinancialservices.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (50%) 730M (100%) 1 (50%) -
Information Technology 2 (20%) - - -
Software 2 (20%) - - -
Internet Software and Services 1 (10%) - - -
Distribution - - 1 (50%) -
Total 10 $730M 2 -

By Geo

State/Country Buy Value Sell Value
United States 10 730M 2 -
  California 6 - - -
  Minnesota 2 730M 1 -
  Illinois 1 - - -
  Florida 1 - - -
  Wisconsin - - 1 -
Total 10 $730M 2 -

Deal Values

buy # Total
$100M to $1B 1 $730M
TOTAL $730M
Largest Piper Jaffray & Co.
$730M (1998-01-01)

M&A Connections

Deals
Acquired from
Investor(s)
20%
2 (20%)
Strategic(s)
40%
4 (40%)
Divested to
Strategic(s)
50%
1 (50%)

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