Who Owns U.S. Bancorp?

By Matthew DiLallo – Updated Sep 12, 2025 at 4:08 PM | Fact-checked by Parker Hicks

Key Points

U.S. Bancorp is a major bank with assets, deposits, and market cap over $500 billion each.
Top institutional investors like Vanguard and Blackrock hold significant shares, affecting stock stability.
Investing in U.S. Bancorp requires a brokerage account and understanding of bank stocks.

U.S. Bancorp (USB +1.03%) is one of the country's largest bank holding companies. In 2025, it held roughly $676 billion in assets, deposits stood around $502 billion as of Q2, and the total market capitalization was roughly $76 billion. The Minneapolis-based company owns U.S. Bank and provides banking, investment, mortgage, trust, and payment services to consumers, businesses, and institutions. With these levels of investment and seemingly healthy cash flow, it's leading many investors to ask the question: Who owns U.S. Bancorp, and how can they get in on the action?

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NYSE: USB

U.S. Bancorp

Today's Change

(1.03%) $0.49

Current Price

$47.82

Key Data Points

Market Cap

$74B

Day's Range

$47.09 - $47.88

52wk Range

$35.18 - $53.98

Volume

12M

Avg Vol

9.3M

Gross Margin

0.00%

Dividend Yield

0.04%

The history of U.S. Bankcorp

The bank's heritage dates back to the Abraham Lincoln administration, which approved the national bank charter of its predecessor in 1863. It has grown from those rather humble beginnings over the years by opening new branches and lines of business.

It has also acquired other banks, including its purchase of Union Bank from Mitsubishi UFJ Financial Group (MUFG -0.73%) in 2022 for $8 billion in cash and stock. That deal and a subsequent stock purchase made the large Japanese financial group one of U.S. Bancorp's top shareholders.

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Mitsubishi UFJ Financial Group is one of many owners of U.S. Bancorp. Here are some of the bank stock's other top shareholders, its board of directors, and how you can invest money into the leading financial institution.

Who owns Bancorp?

U.S. Bancorp is a publicly traded company. Because of that, it doesn't have a single owner; rather, it has many shareholders who own fractional interests in the financial company.

Institutional investors held the majority of its shares in 2025. Institutions held roughly 82.3% of its outstanding shares. Meanwhile, insiders (i.e., corporate officers and members of the board of directors) held only about 0.1% of its outstanding shares.

Board of Directors

A group of elected individuals responsible for overseeing the activities of a company and representing shareholders.

Who are the largest shareholders?

U.S. Bancorp has many shareholders, including individuals and institutions. While the company has no large individual investors of note with a meaningful stake, it has several significant institutional investors. The top five in 2025 were:

1. The Vanguard Group

The large asset manager owned nearly 143.27 million shares outstanding shares (9.21% of U.S. Bancorp's outstanding shares), worth over $7 billion. Vanguard funds ranked as the top two mutual fund holders of the bank.

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Bancorp board of directors
Name	Title	Board Member Since
Warner Baxter	Former CEO of Bancorp	2015
Dorothy Bridges	CEO of the non-profit Metropolitan Economic Development Association	2018
Elizabeth Buse	Former CEO of Monitise	2018
Andrew Cecere	Executive Chairman of Bancorp	2017
Alan Colberg	CEO of Assurant	2023
Kimberly Ellison-Taylor	CEO of KET Solutions	2021
Aleem Gillani	Former CFO of SunTrust Bank	2024
Roland Hernandez	CEO of Hernandez Media Ventures	2012
Gunja Kedia	CEO of Bancorp	2025
Richard McKenney	CEO of Unum	2017
Yusuf Mehdi	CMO of Microsoft	2018
Loretta Reynolds	CEO of LEReynolds Group LLC	2022
John Wiehoff	Former C.H. Robinson Worldwide	2020

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About the Author

Matt DiLallo has been a contributing Motley Fool stock market analyst specializing in covering dividend-paying companies, particularly in the energy and REIT sectors, since 2012. He also covers pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.

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Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends U.S. Bancorp. The Motley Fool has a disclosure policy.