U.S. Bancorp is an American diversified financial services holding company headquartered in Minneapolis, Minnesota. It is the parent company of U.S. Bank National Association, the fifth largest bank in the United States based on $410.0 billion in assets (as of March 31, 2015 per official FDIC data) and fourth largest in the US in total branches. U.S. Bank ranks as the fifth largest bank in the U.S. based on deposits, with $263.7B in deposits as of June 30, 2014. U.S.