U.S. Bancorp (USB.N) Key Developments | Reuters.com
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U.S. Bancorp (USB.N)

USB.N on New York Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

U.S. Bancorp names Terry Dolan CFO
Monday, 13 Jun 2016 11:05am EDT 

U.S. Bancorp: U.S. Bancorp appoints Terry Dolan as Chief Financial Officer; Dolan is currently Vice Chairman, Wealth Management & Securities Services . Kathy Rogers, currently Vice Chairman and Chief Financial Officer, has made decision to step down from that role . Rogers will remain with company in her previous role, as head of Stress Test Process, and be based in Cincinnati .Rogers will continue in her responsibilities as CFO through transition.  Full Article

U.S. Bancorp Announces Quarterly Dividends
Tuesday, 15 Mar 2016 01:00pm EDT 

U.S. Bancorp:declared quarterly dividend of $0.255 per common share.payable April 15, 2016, to shareholders of record at the close of business on March 31, 2016.also declared regular quarterly dividend of $884.772 per share (equivalent to $8.84772 per depositary share) on Co's Series A Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.regular quarterly dividend of $221.18 per share (equivalent to $0.22118 per depositary share) on co's Series B Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on Co's Series F Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on Co's Series G Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on Co's Series H Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.  Full Article

U.S. Bancorp announces quarterly dividend
Tuesday, 15 Dec 2015 05:00pm EST 

U.S. Bancorp:Declared a quarterly dividend of $0.255 per common share payable on January 15, 2016, to shareholders of record date as on December 31.  Full Article

U.S. Bancorp declares quarterly dividend announces quarterly dividends
Tuesday, 15 Sep 2015 04:00pm EDT 

U.S. Bancorp:Declares quarterly dividend of $0.255 per common share.Payable Oct. 15 to shareholders of record at close of business on Sept. 30.Declares regular quarterly dividend of $894.444 per share on U.S. Bancorp's Series A Non-Cumulative Perpetual Preferred Stock.Declares regular quarterly dividend of $223.61 per share on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock.Payable Oct. 15 to stockholders of record at the close of business on Sept. 30.Declares regular quarterly dividend of $406.25 per share on U.S. Bancorp's Series F Non Cumulative Perpetual Preferred Stock.Payable Oct 15 to stockholders of record at the close of business on Sept. 30.Declares regular quarterly dividend of $375.00 per share on U.S. Bancorp's Series G Non-Cumulative Perpetual Preferred Stock.Payable Oct. 15 to stockholders of record at the close of business on Sept. 30.Declares regular quarterly dividend of $321.88 per share on U.S. Bancorp's Series H Non-Cumulative Perpetual Preferred Stock.Payable Oct. 15 to stockholders of record at the close of business on Sept. 30.  Full Article

U.S. Bancorp and Zions Bank sign renewable-energy tax-equity syndication
Friday, 31 Jul 2015 10:58am EDT 

U.S. Bancorp and Zions Bank:Says renewable-energy tax-equity syndication agreement that will provide financing for the Red Horse 2 wind and solar project near Tucson, Arizona, owned by an affiliate of D. E. Shaw Renewable Investments L.L.C.With this agreement, Zions Bank is co-investing with U.S. Bancorp and benefitting from U.S. Bancorp's underwriting, structuring, and ongoing asset management.Investment will help finance the installation of the 71-megawatt project about 65 miles east of Tucson.  Full Article

U.S. Bancorp declares 4.1 pct increase in quarterly common stock dividends
Tuesday, 16 Jun 2015 02:00pm EDT 

U.S. Bancorp:Approved a 4.1 pct increase in the dividend rate on U.S. Bancorp common stock to $0.255 on a quarterly basis.Payable July 15, to shareholders of record at the close of business on June 30.  Full Article

U.S. Bancorp's Elavon signs Wyndham Hotel Group to multi-year agreement
Tuesday, 16 Jun 2015 09:00am EDT 

Elavon:Signs multi-year agreement with Wyndham Hotel Group to integrate secure payment technology for approximately 4,500 of the company's more than 7,600 hotels over the next 18 months.Integration leverages Elavon's Fusebox gateway and Simplify payment security software application to remove cardholder data from each hotel's Property Management System (PMS).Says this layered approach to security includes encryption, tokenization and EMV acceptance devices and helps hotels mitigate risk associated with PCI compliance and the EMV liability shift coming in Oct.Elavon is a subsidiary of U.S. Bancorp.  Full Article

U.S. Bancorp announces share repurchase and expects dividend increase - Form 8-K
Wednesday, 11 Mar 2015 04:54pm EDT 

U.S. Bancorp:Expects to recommend increase in dividend to $1.02, or $0.255 on a quarterly basis beginning Q2 2015.Says approved a five-quarter authorization to repurchase up to $3.022 billion of common stock beginning on April 1.  Full Article

U.S. Bancorp announces quarterly dividends
Tuesday, 3 Mar 2015 12:00pm EST 

U.S. Bancorp:Declares quarterly dividend of $0.245 per common share payable April 15, to stockholders of record at the close of business on March 31.At this quarterly dividend rate, the annual dividend is equivalent to $0.98 per common share.Board of Directors has also declared the following;.A regular quarterly dividend of $875.000 per share (equivalent to $8.75000 per depositary share) on U.S. Bancorp's Series A Non-Cumulative Perpetual Preferred Stock.A regular quarterly dividend of $218.75 per share (equivalent to $0.21875 per depositary share) on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock.A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on U.S. Bancorp's Series F Non-Cumulative Perpetual Preferred Stock.A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on U.S. Bancorp's Series G Non-Cumulative Perpetual Preferred Stock.A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on U.S. Bancorp's Series H Non-Cumulative Perpetual Preferred Stock.All the dividend will be payable on April 15, to stockholders of record at the close of business on March 31.  Full Article

U.S. Bancorp announces quarterly dividends
Tuesday, 9 Dec 2014 01:01pm EST 

U.S. Bancorp:Declares a quarterly dividend of $0.245 per common share.Declares a regular quarterly dividend of $894.444 per share (equivalent to $8.94444 per depositary share) on Series A Non-Cumulative Perpetual Preferred Stock.A regular quarterly dividend of $223.61 per share (equivalent to $0.22361 per depositary share) on Series B Non-Cumulative Perpetual Preferred Stock.A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on Series F Non-Cumulative Perpetual Preferred Stock.A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on Series G Non-Cumulative Perpetual Preferred Stock.A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on Series H Non-Cumulative Perpetual Preferred Stock.All the dividend will be payable on Jan. 15, 2015, to stockholders of record on Dec. 31.  Full Article

Fitch: US Bank Stress Tests Highlight Improving Resilience

(The following statement was released by the rating agency) CHICAGO/LONDON, June 24 (Fitch) The first stage of this year's US bank stress tests highlights improving resilience with solid results despite a severely harsher scenario that included a more severe downturn than previous tests and negative short-term US Treasury rates, Fitch Ratings says. All 33 US bank holding companies passed the minimum capital ratio requirements. Tested firms overall generally performed better, posting higher