# U.S. Bank National Association

U.S. Bank National Association is an Asset Manager based in Minneapolis, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 1863
- **Assets under management:** Undisclosed
- **Website:** usbank.com
- **LinkedIn:** https://www.linkedin.com/company/u.s.-bank-national-association

## Regulatory record

- **Reports private funds:** No

## About

U.S. Bank National Association is a bank. It has made 10 investments, totaling $5.4 billion in capital deployed. Sectors include Energy, Financial Services, Information Technology, and Unknown.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Hedge Funds
- Private Equity
- Fixed Income

## People

- Andrew Cecere — Chairman, President and CEO
- Teri Charest — Chief Investment Officer, U.S. Bank Wealth Management

## Questions

### What investment services does U.S. Bank National Association provide to institutions?

U.S. Bank offers institutional investment management, corporate trust and agency services, fixed income underwriting, private credit origination, and fiduciary services. Its wealth management division manages assets for high-net-worth individuals, but the institutional side focuses on custody, asset servicing, and direct lending (per the firm's regulatory filings).

### How does U.S. Bank allocate capital in its portfolio?

The bank deploys capital primarily through loan originations (commercial and industrial, commercial real estate, municipal), investment-grade bond purchases, and structured credit transactions. It also maintains a securities portfolio of roughly $150 billion in Treasuries and agency MBS (per the firm's 10-K filing, February 2025).

### What is the relationship between U.S. Bank and its parent company U.S. Bancorp?

U.S. Bank National Association functions as the regulated bank subsidiary of U.S. Bancorp, a publicly traded bank holding company (NYSE: USB). The bank holds the deposits, originates loans, and provides trust and custody services, while U.S. Bancorp issues equity and debt, pays dividends, and manages the overall corporate structure.

### Does U.S. Bank National Association invest in private equity or venture capital?

The bank does not make direct private equity or venture capital investments as principal. It provides credit facilities to private equity sponsors, including subscription lines, acquisition financing, and asset-based loans. Its private credit activity is limited to senior secured lending, not equity co-investment (per the firm's risk disclosures).

### What is U.S. Bank's known posture on environmental and social governance?

U.S. Bank publishes an annual ESG report and has set targets for renewable energy financing and green bond underwriting. It committed to $100 billion in environmental finance by 2030 and published net-zero financed emissions targets for 2050 (per the firm's ESG report, 2025).

### What markets does U.S. Bank National Association serve geographically?

The bank operates branches in 26 U.S. states, concentrated in the Midwest, Mountain West, and West Coast. It serves the entire U.S. through its corporate banking, institutional trust, and capital markets divisions via offices in major financial centers including New York, Chicago, Los Angeles, and San Francisco.

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Last updated: 2026-06-03T20:00:00.000Z

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