MINNEAPOLIS--(BUSINESS WIRE)--Dec. 21, 2018--
U.S. Bancorp (NYSE: USB) today announced that the Office of the
Comptroller of the Currency (OCC) has terminated its 2015 consent order
related to the company’s Anti-Money Laundering (AML) and Bank Secrecy
Act (BSA) program and controls.
Since 2014, U.S. Bancorp has made significant investments to improve and
strengthen its AML and BSA controls, including a new AML and BSA
leadership team as well as improved and enhanced processes and systems.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with 74,000 employees and $465 billion in
assets as of September 30, 2018, is the parent company of U.S. Bank, the
fifth-largest commercial bank in the United States. The
Minneapolis-based bank blends its relationship teams, branches and ATM
network with mobile and online tools that allow customers to bank how,
when and where they prefer. U.S. Bank is committed to serving its
millions of retail, business, wealth management, payment, commercial and
corporate, and investment services customers across the country and
around the world as a trusted financial partner, a commitment recognized
by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical
Company. Visit U.S. Bank at www.usbank.com
or follow on social media to stay up to date with company news.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181221005363/en/
Source: U.S. Bancorp
Dana Ripley, U.S. Bank Public Affairs & Communications
Dana.ripley@usbank.com
| 612.303.3167
Jen Thompson, U.S. Bank Investor Relations
Jen.thompson@usbank.com
| 612.303.0778