Bancorp of Oregon announced the pending acquisition of the Forest Grove, Oregon-based Valley National Corporation (not to be confused with the Phoenix, Arizona, company of the same name) with its five-branch Valley National Bank of Forest Grove subsidiary for $13.7 million in stock. Breezley was appointed to the new post of chief operating officer. Jensen was appointed president as a replacement to Mays, and Roger L. Although Elorriaga remained as chairman and chief executive officer for the firm, Mays was appointed to the new position of executive assistant to the chairman while Edmund P. Bancorp of Oregon occurred in August 1983. Ī major change in the organization of leadership in the U.S. Mays Jr was named president in Elorriaga's place. Staver retired in October 1974 and was succeeded by John Elorriaga who was promoted to chairman and chief executive officer while Carl W. Wilson later resigned as president in December 1972 and his position was filled eight months later by John A. Wilson was appointed president of the holding company and also executive vice president for the bank. Staver, president, and chief executive officer of the bank, was quickly appointed chairman and chief executive officer for the new holding company while Robert B. Bancorp, after receiving authorization from its bank directors on Septem and subsequently receiving legal approval to proceed from the Comptroller of the Currency on November 28, 1968. National Bank of Oregon reorganized as a holding company, U. Despite having started up in the midst of the Civil War, First National Bank of Cincinnati went on to survive many decades to grow into Star Bank. Bancorp claims 1863 as its founding date. Bancorp still operates under today, and one of the oldest active national bank charters in the nation. In Cincinnati, First National Bank of Cincinnati opened for business on Junder National Charter #24-the charter that U.S.

In the eastern part of the franchise, Farmers and Millers Bank in Milwaukee opened its doors in 1853, growing into the First National Bank of Milwaukee and eventually becoming First Wisconsin and ultimately Firstar Corporation. Paul (also formed in 1864) and several smaller Upper Midwest banks to form the First Bank Stock Corporation, which changed its name to First Bank System in 1968. In 1929, that bank merged with First National Bank of St. The central part of the franchise dates from 1864, with the formation of First National Bank of Minneapolis. It changed its name to the United States National Bank of Oregon in 1964. In 1902, it merged with Ainsworth National Bank of Portland, but kept the U.S. Bank name first appeared as United States National Bank of Portland, established in Portland, Oregon, in 1891. The US Bank Tower in downtown Los Angeles, California The oldest national charter, originally granted to the First National Bank of Philadelphia, is held by Wells Fargo, which was obtained upon its merger with Wachovia.

Earlier charters have expired as banks were closed or acquired, raising U.S. Bancorp operates under the second-oldest continuous national charter, originally Charter #24, granted in 1863 following the passage of the National Bank Act. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S. It is ranked 117th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. It has 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. Bank National Association, and is the fifth largest banking institution in the United States. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware.

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