U.S. Bank National Association
Cincinnati, Ohio, Hamilton County
$706B in total assets, the 6th largest of 4,309 US banks and 2nd of 160 headquartered in Ohio.
- FDIC certificate
- 6548
- Established
- 1863
- Owned by
- U S Bcorp
- Primary regulator
- OCC
- Website
- www.usbank.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $706B | 84% | $251B | |
| Loans | $413B | 84% | $144B | |
| Deposits | $542B | 87% | $212B | |
| Return on assets | 1.23% | 55% | 1.20% | |
| Net interest margin | 2.87% | 32% | 3.14% | |
| Efficiency ratio | 54.6% | 45% | 54.8% | |
| Equity to assets | 9.76% | 52% | 9.69% | |
| Loans to deposits | 76% | 58% | 73% |
Growth
Total assets grew 5.2% a year over the last 5 years and 5.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2023 | MUFG Union Bank, National Association San Francisco, CA, an affiliate under the same holding company | $100.0B |
| May 2013 | U.S. Bank National Association ND Fargo, ND, an affiliate under the same holding company | $6.4B |
| Jan 2012 | BankEast Knoxville, TN | $262M |
| Jan 2011 | First Community Bank Taos, NM | $2.2B |
| Oct 2009 | North Houston Bank Houston, TX | $325M |
| Oct 2009 | San Diego National Bank San Diego, CA | $3.6B |
| Oct 2009 | Citizens National Bank Teague, TX | $118M |
| Oct 2009 | Pacific National Bank San Francisco, CA | $2.3B |
| Oct 2009 | Bank USA, National Association Phoenix, AZ | $213M |
| Oct 2009 | Madisonville State Bank Madisonville, TX | $256M |
| Oct 2009 | California National Bank Los Angeles, CA | $7.8B |
| Oct 2009 | Community Bank of Lemont Lemont, IL | $82M |
| Oct 2009 | Park National Bank Chicago, IL | $4.7B |
| Apr 2009 | First Bank of Idaho, FSB Ketchum, ID | $491M |
| Nov 2008 | PFF Bank & Trust Pomona, CA | $3.7B |
| Nov 2008 | Downey Savings and Loan Association, F.A. Newport Beach, CA | $12.8B |
| Jun 2008 | Mellon 1st Business Bank, National Association Los Angeles, CA | $3.2B |
| Feb 2007 | HeritageBank Great Falls, MT | $410M |
| Sep 2006 | WestStar Bank Vail, CO | $721M |
| May 2005 | U. S. Bank Trust Interim National Association, Connecticut Hartford, CT | $49M |
| Jan 2002 | U.S. Bank National Association MT Billings, MT, an affiliate under the same holding company | $1.0B |
| Jan 2002 | (unknown, CERT 33626) , OH | $160M |
| Jan 2002 | (unknown, CERT 33804) , OH | $128M |
| Jan 2002 | (unknown, CERT 34094) , OH | $121M |
| Jan 2002 | (unknown, CERT 34142) , OH | $60M |
| Jan 2002 | (unknown, CERT 35225) , OH | $59M |
| Jan 2002 | (unknown, CERT 90319) , OH | $91M |
| Aug 2001 | U.S. Bank National Association Minneapolis, MN, an affiliate under the same holding company | $80.5B |
| Aug 2001 | U.S. Bank National Association OR Canby, OR, an affiliate under the same holding company | $4M |
| Jul 2001 | Firstar Bank, National Association Overland Park, KS, an affiliate under the same holding company | $4.6B |
| Aug 2000 | Firstar Bank Missouri, National Association Saint Louis, MO | $19.8B |
| Aug 2000 | Mercantile Trust Company, National Association St. Louis, MO | $84M |
| May 2000 | Mercantile Bank MidWest Des Moines, IA | $3.1B |
| Apr 2000 | Firstar Bank Kentucky Paducah, KY | $760M |
| Apr 2000 | Mercantile Bank of Illinois Springfield, IL | $2.1B |
| Mar 2000 | Mercantile Bank of Arkansas National Association North Little Rock, AR | $1.6B |
| Nov 1999 | Firstar Metropolitan Bank & Trust Phoenix, AZ | $211M |
| Oct 1999 | Firstar Bank Milwaukee, National Association Milwaukee, WI | $7.6B |
| Oct 1999 | Firstar Bank Wausau, National Association Wausau, WI | $3M |
| Sep 1999 | Firstar Bank Wisconsin Madison, WI | $3.9B |
| Aug 1999 | Firstar Bank Burlington, National Association Burlington, IA | $2M |
| Aug 1999 | Firstar Bank of Minnesota, National Association St. Paul, MN | $2.5B |
| Aug 1999 | (unknown, CERT 26927) , OH | $3M |
| May 1999 | Firstar Bank Illinois Chicago, IL | $2.7B |
| May 1999 | Firstar Bank Iowa, National Association Des Moines, IA | $2.9B |
| Aug 1998 | Trans Financial Bank, National Association Bowling Green, KY | $1.8B |
| Aug 1998 | Trans Financial Bank Tennessee, National Association Cookeville, TN | $537M |
| Feb 1998 | Great Financial Bank, FSB Louisville, KY | $3.0B |
| Jun 1996 | Star Bank, National Association, Kentucky Covington, KY | $719M |
| Jun 1996 | Star Bank, National Association, Indiana Richmond, IN | $415M |
| Sep 1994 | Transohio Savings Bank Cleveland, OH | n/a |
| Sep 1994 | Transohio Federal Savings Bank Cleveland, OH | $1.2B |
| Oct 1993 | Star Bank, National Association, Sidney Sidney, OH | $204M |
| Sep 1993 | Star Bank, Preble County Eaton, OH | $72M |
| Sep 1993 | Star Bank, National Association, Troy Troy, OH | $215M |
| Aug 1993 | Star Bank, Central Ohio Westerville, OH | $383M |
| Jul 1993 | Star Bank, National Association, Tri State Ironton, OH | $385M |
| Jul 1993 | Star Bank, National Association, Hillsboro Hillsboro, OH | $101M |
| Jun 1992 | Star Bank, National Association, Cleveland Independence, OH | $79M |
| Aug 1991 | Star Bank, National Association, Butler County Hamilton, OH | $300M |
| Aug 1991 | Star Bank, National Association Fairborn, OH | $349M |
Where they operate
2097 branches in 488 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Hamilton County, OH | $92.4B | 60.0% | 1 of 32 |
| Ramsey County, MN | $54.8B | 78.8% | 1 of 33 |
| Hennepin County, MN | $42.9B | 29.8% | 1 of 68 |
| Sacramento County, CA | $37.3B | 51.1% | 1 of 30 |
| Milwaukee County, WI | $25.2B | 46.7% | 1 of 27 |
| Los Angeles County, CA | $18.3B | 3.6% | 7 of 91 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 1,128 branches since 2016 (3,225 to 2,097, −35.0%). 94 opened, 240 acquired, 1,462 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 3,225 | |||
| 2016 | Opened 13 in 7 statesClosed 47 in 15 states | 13 | 47 | −34 | 3,191 |
| 2017 | Closed 40 in 15 states | 0 | 40 | −40 | 3,151 |
| 2018 | Closed 73 in 19 states | 0 | 73 | −73 | 3,078 |
| 2019 | Opened 8 in 7 statesClosed 243 in 22 states | 8 | 243 | −235 | 2,843 |
| 2020 | Opened 6 in 4 statesClosed 375 in 25 states | 6 | 375 | −369 | 2,474 |
| 2021 | Opened 20 in 8 statesClosed 222 in 21 states | 20 | 222 | −202 | 2,272 |
| 2022 | Opened 5 in 5 statesClosed 40 in 17 states | 5 | 40 | −35 | 2,237 |
| 2023 | Acquired MUFG Union Bank, National AssociationOpened 12 in 3 states, closed 180 in 21 states | 252 | 180 | +72 | 2,309 |
| 2024 | Opened 11 in 10 statesClosed 118 in 21 states | 11 | 118 | −107 | 2,202 |
| 2025 | Opened 10 in 6 statesClosed 102 in 22 states | 10 | 102 | −92 | 2,110 |
| 2026 through Q2 | Opened 9 in 6 statesClosed 22 in 10 states | 9 | 22 | −13 | 2,097 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 32% | 18% | |
| Business (C&I) | 22% | 18% | |
| Consumer | 13% | 20% | |
| Commercial real estate | 7% | 7% | |
| Multifamily | 3% | 3% | |
| Construction and land | 2% | 2% | |
| Other | 20% | 32% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 76% | 71% | |
| Noninterest-bearing | 16% | 16% | |
| Time deposits | 8% | 13% |
Brokered deposits are 6.1% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.43% | 0.86% |
| Net charge-offs, annualized | 0.54% | 0.35% |
| Reserves to loans | 1.85% | 1.39% |
| Leverage ratio | 9.49% | 9.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Ohio
Largest competitors in Hamilton County, OH
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/u-s-bank-cincinnati-oh