U.S. Bancorp (USB -0.25%) 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?
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 0.25%) 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.
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?
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
Largest 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.
2. Blackrock
Leading asset manager Blackrock (BLK -0.83%) owned roughly 132.1 million shares of U.S. Bancorp stock (8.49% of shares outstanding), worth about $6.5 billion. The company manages the popular iShares exchange-traded fund (ETF) platform, several of which hold shares of the bank stock. The iShares Core S&P 500 ETF (IVV 0.42%) had the most shares, at 16.2 million (1% of shares outstanding).
3. FMR LCC
The parent company of Fidelity Investments, FMR LLC, held nearly 70 million shares (4.5%) worth over $3.4 billion. This fund and brokerage helps customers with retirement accounts, long-term investing, and brokerage accounts.
4. State Street Corporation
The large asset manager held about 68 million shares (4.4% of shares outstanding) worth over $3.3 billion. State Street (STT -0.99%) manages several popular ETFs under the SPDR banner, including two of the top 10 fund holders: the SPDR S&P 500 ETF Trust (SPY 0.4%) and the Select Sector SPDR Fund-Financial (XLF -0.48%).
5. MUFG Bank
Japan's largest bank owned over 44.3 million shares (2.85% of its shares outstanding) worth over $2.1 billion. It received 14 million shares when U.S. Bancorp acquired MUFG Union Bank's core regional banking franchise in 2022. The Japanese financial institution subsequently invested another $936 million in shares of U.S. Bancorp in August 2023 to help the bank repay some of the debt owed as part of the acquisition.
Board of directors
Who is on the Board of Directors for Bancorp?
A board of directors helps oversee a company on behalf of its shareholders. U.S. Bancorp has a diverse board filled with seasoned executives with complementary expertise. As of 2025, U.S. Bancorp's 13 board members were:
| 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 |
Related Topics
Opening and funding a brokerage account is the first step to investing in stocks. After that, you'll need to follow these steps to invest in U.S. Bancorp:
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Make sure to double-check your order page before submitting your trade. When you're ready, click submit to become a shareholder of U.S. Bancorp.
FAQ
Who Owns Bancorp FAQ
What bank is associated with Bancorp?
U.S. Bancorp is a bank holding company associated with U.S. Bank.
Who is the owner of U.S. Bancorp?
U.S. Bancorp is a publicly traded company owned by its shareholders. Four of its five top shareholders in early 2024 were large asset management companies (Vanguard Group, BlackRock, State Street, and JPMorgan).
Who are the largest shareholders in U.S. Bancorp?
As of 2025, the five largest shareholders of U.S. Bancorp were:
- The Vanguard Group: 9.21% of its shares outstanding.
- BlackRock: 8.4%
- FMR, LLC: 4.56%
- State Street: 4.40%
- MUFG Bank: 2.85%
