U.S. Bank fined $36M over freezes of COVID-era unemployment benefits
Payments Dive
DECEMBER 20, 2023
The Minneapolis-based lender flagged a CFPB probe into prepaid card use last year. The OCC added a separate penalty Tuesday.
Minneapolis Related Topics 
Minneapolis Fed Chief Calls For ‘Generous’ SMB Funding
PYMNTS
APRIL 2, 2020
The Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday (April 2) that policymakers should be generous with the help that is extended to small businesses.
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Zip ditches Sezzle BNPL buyout
Payments Dive
JULY 12, 2022
The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.”
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Perficient Named a Top Workplace In Minnesota
Perficient
JUNE 29, 2020
Our Minneapolis office takes pride in their culture. But they’re also actively involved in the Minneapolis community and making it a better place for everyone. ” -Art Quinn, General Manager Minneapolis. In 2019 In 2019, we ranked as a top employer brand in Detroit , Orange County , Minneapolis, St.
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Career Growth at Perficient: “Never Waste a Day”
Perficient
JULY 23, 2020
Soon after Paul left his interview in the Perficient Minneapolis office, he received an email offering him a position. Art Quinn, general manager of Minneapolis, take great pride in the culture of his team. His experience and skill with AEM made his transition from our Minneapolis GEO to our Adobe Business Unit natural.
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Verizon Activates 5G In Chicago And Minneapolis, More Cities To Follow This Year
PYMNTS
APRIL 3, 2019
Verizon has activated its 5G wireless network in Chicago and Minneapolis, the company announced on Wednesday (April 3), and it plans to roll it out to 30 more markets by the end of the year, according to a report by CNBC. The company won’t see revenue from the new network until 2021, Verizon CEO Hans Vestberg said.
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Suburban Minneapolis banks to merge in bid for scale, diversification
American Banker
AUGUST 29, 2024
Bridgewater Bancshares agreed to acquire First Minnetonka Bancorp. in an all-cash transaction slated to close in the fourth quarter. It would create a nearly $5 billion-asset bank.
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U.S. Bank to Donate Minneapolis Branch to Nonprofit Community
Banking Exchange
NOVEMBER 29, 2021
Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations Community Banking Feature3 Feature Fair Lending Diversity Inclusion Human Rights Small Business.
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U.S. Bancorp's earnings checked by subdued lending activity
American Banker
OCTOBER 16, 2024
The Minneapolis-based banking giant posted a third-quarter profit, although average total loans slipped 1% from a year earlier. Slower business and commercial real estate lending more than offset gains in the bank's consumer portfolio.
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Perficient Named a 2020 Best & Brightest Company to Work For in Chicago
Perficient
JULY 8, 2020
Minneapolis has already been named a top workplace in 2020, and our offices in Detroit , Orange County , Minneapolis, and St. Additional Perficient offices around the country have also been recognized as great places to work for the same reason. Louis received awards in 2019 as well!
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Startup Branch wants to build a money services platform for hourly workers
Bank Innovation
JULY 11, 2019
Among them, Minneapolis-based Branch is working with employers to offer such employees digital money management tools and a portion of a worker’s paycheck in advance. With the growth of digital finance tools, a group of startups is looking to reach those who may be left behind, namely hourly workers.
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U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital
Bank Innovation
APRIL 17, 2019
Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint. Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S.
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U.S. Bank Announces Amazon Alexa Integration
Bank Innovation
SEPTEMBER 7, 2017
The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […]. EXCLUSIVE- U.S.
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US Bank’s Venturo: Hackathons can reveal banks’ shortcomings
Bank Innovation
NOVEMBER 11, 2019
Venturo said the bank, which is headquartered in Minneapolis and has $467 billion in assets, looks at three criteria when launching any new innovation effort, including improved customer experience; added […]. According to Dominc Venturo, chief innovation officer at U.S.
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U.S. Bancorp splits new president's former duties between two executives
American Banker
JUNE 5, 2024
A month after Gunjan Kedia was named the company's president, the Minneapolis firm has promoted Stephen Philipson and Felicia La Forgia into new roles that will cover Kedia's former duties.
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Gunjan Kedia appears positioned to become U.S. Bank's next CEO
American Banker
MAY 6, 2024
The Minneapolis-based company has promoted Kedia to president, a role that CEO Andy Cecere and his predecessor both held before being named to the top job.
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Wellness platform Branch is now a challenger bank
Bank Innovation
OCTOBER 10, 2019
Against the rising tide of digital-only banks, Minneapolis-based personal finance platform Branch has taken the plunge. The four-year-old company offers a suite of personal finance tools, including payday advance, to hourly workers through integrations with employer payroll platforms, which currently include Pizza Hut and Taco Bell.
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U.S. Bank branch restructuring is underway with closures in Chicago area
Bank Innovation
JUNE 6, 2019
The Minneapolis-based regional bank currently has more than 3,000 bank branches in 26 states, but it is looking to reduce […]. Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.
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Thrivent acquires ILC charter, converts credit union
American Banker
JUNE 21, 2024
The Minneapolis-based Thrivent Financial for Lutherans received approval from the Federal Deposit Insurance Corp. on Friday for its industrial loan company application and planned merger between the institution and subsidiary Thrivent Federal Credit Union.
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Perficient Earns Title of Top Workplace 2020 in Detroit
Perficient
NOVEMBER 9, 2020
Atlanta , Charlotte , Minneapolis and St. Winners were announced and honored at a free virtual celebration on November 5th. This win adds to the list of Perficient offices already recognized as top workplaces this year. Louis have also received this honor, proving that the Perficient culture is strong across the board.
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U.S. Bank tech spend up 12% to $513M
BankInovation
JANUARY 17, 2024
The $668 billion, Minneapolis, Minn. Bank made digital and operational investments during the fourth quarter as it focused on modernizing payments and technology. bank spent $513 million on technology and communication during Q4, up 12% year over year, according to its Q4 2023 earnings presentation.
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Fintech secures jersey partnership with Minnesota Timberwolves
American Banker
AUGUST 12, 2024
Minneapolis-based buy now/pay later fintech Sezzle has partnered with the Minnesota Timberwolves of the National Basketball Association to have its brand represented on uniforms until 2027.
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ConnexPay raises $110M for tech enhancements
BankInovation
NOVEMBER 4, 2022
Minneapolis-based ConnexPay integrates payment acceptance and issuance inside a single platform using API documentation, according to the company’s website. With FTV’s proven track record […].
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U.S. Bank credits teamwork for its SBA lending surge
American Banker
SEPTEMBER 6, 2024
Minneapolis-based banking giant enjoying its biggest year ever for 7(a) lending, with volume up 40%, as borrowers "are still coming to us," SBA chief says.
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U.S. Bancorp's CEO, other top officials sued over unauthorized accounts
American Banker
AUGUST 11, 2023
Chief Executive Andy Cecere is among the defendants in a shareholder lawsuit that alleges that top officials at the Minneapolis bank profited from the concealment of employee misconduct. Bancorp spokesperson denied the allegations.
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With Curfews Descending, Uber And Others Suspend Services
PYMNTS
JUNE 1, 2020
The protests have broken out in response to the killing of George Floyd, an unarmed black man, by a police officer in Minneapolis last week. Now, Uber has suspended its operations in Los Angeles, Oakland, San Francisco and parts of Minneapolis during the curfew hours for the time being.
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Massachusetts credit union seeks merger with neighboring bank
American Banker
AUGUST 16, 2024
The planned Bay State deal comes two months after the Minneapolis-based Thrivent said it plans to merge a credit union it controls into a new industrial bank.
Ten Questions (and Then Some) for Minneapolis Fed's Neel Kashkari
American Banker
MAY 19, 2016
Minneapolis Fed President Neel Kashkari made waves when he said drastic measures — including potentially breaking up the megabanks — are needed to end "too big to fail." In an expansive interview, Kashkari talked about his political future, the culture at the Fed and the challenge of legislating change.
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US Bank launches Spanish voice assistant for auto loan servicing, banking
BankInovation
MAY 23, 2022
The Minneapolis-based bank last month launched a Spanish-language version of its smart voice assistant — Asistente Inteligente de U.S. Bank’s Spanish-speaking customers can now service their auto loans by speaking into the bank’s mobile app.
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U.S. Bancorp partners with Microsoft to integrate payments, apps
BankInovation
FEBRUARY 22, 2022
The multiyear partnership is meant to help business customers more easily generate invoices and handle payments, the Minneapolis-based lender said in a statement. Bancorp is doubling down on its growing digital-banking operations by partnering with Microsoft Corp. to improve offerings over the internet and on mobile apps.
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Cost control helps U.S. Bank boost earnings
American Banker
JULY 17, 2024
The Minneapolis-based company reported an 18% increase in net income thanks largely to slimmed-down operating expenses. It notched modest increases in loans and deposits, while asset quality issues remained manageable.
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U.S. Bancorp pledges $116 million to address racial inequality
American Banker
JUNE 5, 2020
As part of its commitment, the Minneapolis company said it will provide $100 million in capital to African American owned and operated businesses and organizations.
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American Banker
JUNE 6, 2016
Bank of Montreal has agreed to buy Greene Holcomb Fisher, a boutique advisory firm in Minneapolis.
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Wings CU to Take Over U.S. Bank's Minneapolis Airport Branch
American Banker
MARCH 17, 2016
Bank at Minneapolis-St. Wings Financial Credit Union has scored a deal to take over a branch from U.S. Paul International Airport.
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In the wake of protests, vandals target ATMs
ATM Marketplace
JUNE 3, 2020
Protests have taken center stage as people throughout the world call for justice in the May 25 death of George Floyd by a Minneapolis police officer. Several ATM machines in a variety of cities were damaged and robbed when some peaceful protests turned violent.
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60% of U.S. Bank Transactions Are Digital, COO Says
Bank Innovation
DECEMBER 8, 2016
But that doesn’t mean the Minneapolis-based bank is giving up on branches. Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. Financial Services Conference this week. It has around 3,000 branches and 80% of its sales activity still takes place there Read More.
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Megamalls Like Mall Of America And American Dream Face Mega Problems
PYMNTS
JULY 24, 2020
The recent missed payments were reported by the Minneapolis/St. Pre-negotiation agreement has been executed, and the borrower submitted a proposal to Special Servicer, which is currently under review,” CWCapital wrote in notes the Minneapolis/St. The mall had already long suffered from decreased foot traffic even before the pandemic.
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U.S. Bank’s Richard Weeks to share chatbot use cases at Bank Automation Ignite
BankInovation
MARCH 10, 2021
Richard Weeks, head of conversational experiences and capabilities at Minneapolis-based U.S. Bank, will discuss new use cases for chatbot development and deployment during the Bank Automation Ignite virtual conference, taking place April 13-14. Weeks will be part of a live panel discussion on Tuesday, April 13, at 2:15 p.m.
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Listen: How Sunrise Banks shifted its culture through automation
BankInovation
FEBRUARY 9, 2021
billion Minneapolis, Minn.-based When COVID-19 hit, Sunrise Banks shifted to a remote environment within 48 hours and it quickly became clear that manual processes weren’t going to work anymore, said Sunrise CIO Brett Cooksey. Cooksey came to the $1.2 based bank from C.H.
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Sunrise plans ACH automation ‘strike team’
BankInovation
FEBRUARY 2, 2021
The Minneapolis, Minn.-based Sunrise Banks is putting together a “strike team” to transform ACH originations into an automated process from a manual one. based bank with $1.2 billion in assets plans to hire five to six new employees to tackle the automation project, Chief Information Officer Brett Cooksey told Bank Automation News.
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Amazon Announces Next Whole Foods Delivery Expansion
PYMNTS
JUNE 26, 2018
Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Consumers in Chicago, Houston, Minneapolis and San Antonio will also be able to choose from a selection of alcoholic beverages.
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US Bank automates construction loan process
BankInovation
FEBRUARY 11, 2021
The Minneapolis, Minn.-based Bank, went live today with an automated solution that allows it to better manage homebuilder construction loans. Already, the bank is thinking about expanding the tool to the broader commercial real estate platform. based bank worked with Built Technologies, a construction finance software company, […].
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U.S. Bancorp hires wealth management executive from JPMorgan Chase
American Banker
FEBRUARY 3, 2021
Scott Ford is the new president of the 1,400-employeee wealth management unit that caters to affluent clientele of the Minneapolis company.
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Why U.S. Bank committed to charitable-cause card rewards
American Banker
SEPTEMBER 27, 2023
Cash remains king, but some credit card customers prefer giving their rewards to nonprofits, so the Minneapolis banking giant has made it a year-round option where it's matching donations dollar for dollar.
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