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Where Banks Don’t Lend
In Chicago, lenders have invested more in a single white neighborhood than all the black neighborhoods combined. Call it modern-day redlining.
U.S. BancorpUnited States
Created before Nov 2016
Last update: 2020-05-18 11:12:10
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U.S. Bancorp tower in Minneapolis, United States. Photo: Pdx.rollingthunder via Wikimedia commons (CC BY SA 4.0)About U.S. Bancorp
U.S. Bancorp, based in Minneapolis, Minnesota, is an American bank holding company and the parent company of US Bank, one of the largest banks in the United States. Established in 1968, U.S. Bancorp provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment service products to consumers, businesses and institutions. It operates over 3,000 branches, mainly in the Mid-west.
| Website | https://www.usbank.com/index.html |
| Headquarters |
800 Nicolett Mall
55402 Minneapolis
United States
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| CEO/chair |
Andrew J. Cecere CEO and President |
| Supervisor | |
| Annual reports |
Annual report 2019 CSR report 2019 |
| Ownership |
listed on NYSE Euronext
US Bancorp's complete shareholder structure can be accessed here.
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Related Dodgy Deals
U.S. Bancorp has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
Projects - active profiles
Atlantic Coast Pipeline United States profile
There are no active projects for U.S. Bancorp now.
Projects - on record profiles
Mountain top removal coal mining United States profile
Companies - active profiles
Bunge United States profile
There are no active companies for U.S. Bancorp now.
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Policy Assessments
Banks, climate and energy
Bank policy score on coal financing
BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
US Bancorp
2020-03-01
USA
12.5
12.5
0
Explanation
For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).
For more details see this page.
Bank policy scores on tar sands
BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
US Bancorp
2020-03-01
USA
2
2
0
Explanation
The point-based policy ranking above assesses bank policies in four ways:
1) Restriction on direct financing for tar sands projects.
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None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)
2) Restriction on financing for companies that expand tar sands.
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None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for tar sands.
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None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.
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None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
For more details see this page.
Bank policy score on fracked oil and gas
BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
US Bancorp
2020-03-01
USA
2
2
0
Explanation
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for fracked oil and gas projects.
- None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)
2) Restriction on financing for companies that expand oil and gas fracking.
- None (0), weak exclusion (3), strong exclusion (5)
3) The bank’s commitment to phase-out financing for oil and gas fracking.
- None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)
4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)
A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).
For more details see this page.
Bank policy score on coal power
BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
US Bancorp
2020-07-21
USA
6.5
6.5
0
Explanation
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for coal power projects.
- None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)
2) Restriction on financing for companies that expand coal power.
- None (0), weak exclusion (4), strong exclusion (8)
3) The bank’s commitment to phase-out financing for coal power.
- None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)
4) The bank’s commitment to exclude companies active in coal power above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)
A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).
For more details see this page.
Bank policy score on coal mining
BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
US Bancorp
2020-03-01
USA
6
6
0
Explanation
The point-based policy ranking assesses bank policies in four ways:
1) Restriction on direct financing for coal mining projects.
- None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)
2) Restriction on financing for companies that expand coal mining.
- None (0), weak exclusion (4), strong exclusion (8)
3) The bank’s commitment to phase-out financing for coal mining.
- None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)
4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.
- None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)
A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).
For more details see this page.
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Voluntary initiatives
U.S. Bancorp has committed itself to the following voluntary standards:Investment policies
US Bancorp's web page on corporate social responsibility can be accessed here.
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