U.S. Bancorp operates in the National commercial banks sector. U.S. Bancorp is a multi-state financial services holding company. U.S. Bancorp provides a range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. It also engages in credit card services, merchant and automated teller machine processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiaries are engaged in general banking business. The subsidiaries provide a range of products and services to individuals, businesses, governmental entities and other financial institutions. During the year ended December 31, 2010, it acquired securitization trust administration business of Bank of America, N.A. In December 2011, its Elan Financial Services unit announced the acquisition of the credit card assets of 28 financial institutions. In January 2012, the Company's bank, U.S. Bank National Association, acquired the banking operations of BankEast, a subsidiary of BankEast Corporation. In
our complete report available for purchase the company is compared to: PNC Financial Services Group Incorporated, BB&T Corporation and Capital One Financial Corporation.