United States of America
U.S. Bank is the national bank owned by U.S. Bancorp, a financial services holding company that employed 68,520 people globally at December 31, 2025. It provides lending, deposit, payment and trust services to individuals, businesses, institutions and government bodies, mainly in US markets. The 2025 Form 10-K counts the group among the largest US providers of corporate and purchasing card services and of corporate trust services.
Retail banking runs through 2,075 branches in 26 states and 4,428 ATMs, both counted at December 31, 2025. Most of those branches are in the Midwest and West. The bank held all of the group's $522.2 billion in deposits on that date. Its product range also covers cash management, capital markets, trust and investment management, mortgage banking, insurance, brokerage, leasing, and merchant and ATM processing. Head offices are in leased space in Minneapolis, Minnesota. Foreign operations are small, and the 2025 Form 10-K calls them not significant to the company. They cover merchant processing in Canada and parts of Europe, plus corporate trust and fund administration in Europe.
Irving, Texas appears on about a quarter of the bank's visa paperwork. U.S. Bank National Association submitted 764 H-1B labor condition applications (LCAs) in calendar 2025, and 195 of them named Irving as the worksite. Six cities each reached 25 or more of the 2025 filings:
Other sites come from the company's own 2025 Form 10-K. It leases operations centers in Kansas City, Little Rock, Minneapolis and Chicago. It owns operations centers in Cincinnati, Fargo, Knoxville, Oshkosh, Olathe, Owensboro, Portland and St. Paul. As of October 13, 2026, the careers site lists openings across the United States, Canada, Europe and India.
Three software engineering titles make up 484 of the 764 LCA filings submitted in calendar 2025, about 63%. Senior Software Engineer appears on 218 of them, Software Engineer on 211 and Lead Software Engineer on 55. A further 13 filings use the shortened form Sr. Software Engineer. Software Engineering Manager accounts for 15.
Model risk and data roles come next in 2025, at much lower counts. Quantitative Model Analyst appears on 19 filings and Data Analytics on 16. Automation Engineer (12), Reliability Engineer (11), Principal Engineer (6) and Data Scientist (4) round out the list.
The 2025 Form 10-K reports four business segments:
On June 1, 2026, the company completed its purchase of BTIG, an institutional brokerage and investment bank founded in 2005. BTIG runs as a separate broker-dealer. Its CEO reports to the head of Wealth, Corporate, Commercial and Institutional Banking.
LCA volume has risen each year. U.S. Bank National Association submitted 492 filings in calendar 2023, 644 in 2024 and 764 in 2025, an increase of about 55% over two years. Irving accounted for 124 of the 2023 filings and 195 of the 2025 filings. In 2023, Software Engineer (109) still outnumbered Senior Software Engineer (99).
The 2025 Form 10-K describes the workforce strategy as in-person engagement across more than 20 corporate hub locations, the branch network and business centers. A Maryland WARN notice dated May 20, 2026 lists a mass layoff of 36 employees at 4527 Metropolitan Ct in Frederick, effective July 24, 2026.