Firstar era U.S. Bancorp

although origin of milwaukee-based firstar corporation can traced founding of farmer s , millers bank in milwaukee in 1853 , later formation of first wisconsin national bank in 1919, actual company took on u.s. bancorp in 2001 same company , leadership responsible takeover of firstar 27 months earlier in 1998, namely star banc corporation. bank, in turn, traced roots founding of first national bank of cincinnati in 1863. jerry grundhofer , team star banc instrumental in both acquisitions.

present-day u.s. bancorp retains star banc s pre-1998 stock price history, , mentioned above operates under charter granted first national bank of cincinnati. additionally, sec filings before 1998 under star banc, , filings 1998 2000 under firstar.

u.s. bancorp after takeover firstar

in april 2001, new u.s. bancorp announced pending acquisition of 20 branch offices in california of encino-based pacific century bank honolulu-based parent pacific century financial corporation. acquisition completed in september 2001.

in july 2002, u.s. bancorp announced pending acquisition of 57 retail banking branches of san mateo, california-based bay view bank bay view capital corporation parent $429 million. acquisition completed in november 2002.

on new years day 2003, john grundhofer retired chairman of u.s. bancorp , handed position younger brother jerry grundhofer, added title of chairman other positions of president , chief executive officer in corporation.

in may 2004, u.s. bancorp announced acquiring $34 billion corporate trust bond administration business national city corporation.

in october 2004, richard k. davis appointed chief operating officer , president of u.s. bancorp. jerry grundhofer had handed on position of president davis while still retaining titles of chairman , chief executive officer. davis had been protege of grundhofer since days @ star banc corporation , had assisted in takeover of firstar star banc in 1998 , later acquisition of u.s. bancorp firstar in 2001.

in november 2006, u.s. bancorp announced acquiring $410 billion corporate trust , institutional custody businesses of wachovia corporation $720 million in cash.

in july 2006, u.s. bancorp announced acquiring $123 billion municipal , corporate bond trustee business suntrust.

in june 2006, u.s. bancorp announced pending acquisition of avon, colorado-based vail banks inc. weststar bank subsidiary , 23 locations $98.6 million in cash. acquisition completed in september 2006.

in november 2006, u.s. bancorp announced acquiring $30 billion municipal bond trustee business lasalle bank.

in november 2006, u.s. bancorp announced pending acquisition of great falls, montana-based united financial corporation heritage bank subsidiary $71 million in stock. acquisition completed in february 2007 , double branch presence of u.s. bank in montana.

in december 2006, jerry grundhofer handed on position of chief executive officer president richard davis while grundhofer remained chairman until retirement following year in december 2007. after grundhofer retirement in december 2007, davis added position of chairman other titles of president , chief executive officer.

in march 2008, u.s. bancorp announced pending acquisition of seven-office los angeles-based mellon 1st business bank bank of new york mellon disclosed amount in cash. acquisition completed in june 2008.

on november 14, 2008, u.s. treasury invested $6,599,000,000 in preferred stock , warrants in company via emergency economic stabilization act of 2008.

on november 21, 2008, company acquired failed downey savings & loan association , failed pomona first federal bancorp in transaction facilitated federal deposit insurance corporation disclosed amount. downey savings had 170 branch offices in california , 5 branch offices in arizona while pff bank had 38 branch offices in southern california.

in april 2009, u.s. bancorp acquired assets , deposits of failed ketchum, idaho-based first bank of idaho in transaction facilitated fdic. first bank of idaho had 7 offices in idaho , wyoming, of operated under name first bank of tetons.

on june 17, 2009, company redeemed $6.6 billion of preferred stock , on july 15, 2009, completed purchase of warrant held u.s. treasury department. concluded u.s. bancorp’s participation in capital purchase program. first bank repay troubled asset relief program (tarp) funds.

on october 5, 2009, company announced acquisition of $8 billion mutual fund administration , accounting servicing division of fiduciary management, inc. undisclosed amount.

on october 7, 2009, company agreed buy bond trustee business of first citizens bank, subsidiary of first citizens bancshares inc. undisclosed amount.

on october 20, 2009, company completed transaction purchase failed fbop corporation s 9 subsidiary banks fdic disclosed amount. banks included bankusa, national association 2 offices in arizona, cal national bank 68 offices in california, citizens national bank 1 office in texas, community bank of lemont 1 office in illinois, madisonville state bank 1 office in texas, north houston bank 1 office in texas, pacific national bank 17 offices in california, park national bank 31 offices in illinois, , san diego national bank 28 offices in california.

since company did not have previous presence in texas nor want 1 in near future, company subsequently sold 3 banks in texas in 2010 houston-based prosperity bancshares disclosed amount. each of banks had 1 office each.

in october 2009, bb&t corporation announced pending sale of nevada banking operations u.s. bancorp disclosed amount. bb&t had acquired 21 offices in nevada through transaction facilitated fdic disposal of assets , deposits of failed alabama-based colonial bancgroup bb&t had no desire expand west of texas while wanted keep other colonial former locations in southeastern united states. acquisition completed in january 2010.

in july 2010, u.s. bancorp sold faf advisors subsidiary nuveen investments $80 million , 9.5% stake in nuveen.

in january 2011, u.s. bancorp acquired assets , deposits of failed first community bank of new mexico in transaction facilitated fdic asset discount of approximately $380 million. acquisition had included 35 offices in new mexico , 3 offices in arizona.

in january 2012, company acquired assets , deposits of failed knoxville, tennessee-based bankeast in transaction facilitated fdic asset discount of approximately $67.5 million. acquisition had included 10 offices in knoxville area.

in march 2013, u.s. bancorp announced acquiring $57 billion municipal bond trustee business deutsche bank.

in january 2014, u.s. bancorp announced pending acquisition of 94 branch offices of charter 1 bank in chicago rbs citizens financial group $315 million, doubling market share in chicago. 13 charter 1 branches closed due close proximity existing u.s. bank offices. acquisition completed in june 2014.

in january 2015, chief financial officer andrew cecere promoted chief operating officer. year later, cecere given additional position of president.

in january 2017, u.s. bancorp announced chairman , ceo richard davis going hand on ceo position president , coo andrew cecere in april 2017 while still remaining chairman of corporation.