US Bancorp: US bank named “best regional bank” again by Newsweek
The publication also recognized US Bank as “Best Big Bank” in 12 states..
For the second year in a row, Newsweek named US Bank America’s Best Regional Bank, citing the bank’s highly regarded mobile app and its strong performance in the Midwest and West.
The publication also recognized US Bank as “Best Large Bank” in 12 states:
US Bank was named the “Best Big Bank” in more states than any other bank in the report, and those 12 states account for nearly half of the US bank’s retail footprint through US Newsweek also named US Bank the “best bank” in seven of the country’s 25 largest metropolitan areas: Denver, Los Angeles, Minneapolis, Phoenix, Portland, San Francisco and San Diego. US Bank is only present in 12 of these 25 largest metropolitan markets.
“This recognition is a testament to the hard work of our bankers in one US bank and their commitment to putting the customer first,” said Tim Welsh, vice president of personal and commercial banking at US Bank. “Customers have incredible choice, and earning this recognition in such a high percentage of locations where we have a commercial presence says a lot about how our team truly lives up to our goal of developing human potential.”
Newsweek’s report highlighted how more and more customers are adopting online banking services due to COVID-19. Customers of the US bank now complete 80% of all transactions and almost two-thirds of all loans through the bank’s website or app, which was rated 4.75 out of 5 on the score of Newsweek’s mobile app. Industry benchmarking company Keynova Group recently named US Bank both the best mobile app and the # 1 in all mobile banking services, including our mobile app and mobile website, in his Q3 2021 Mobile Banker scorecard.
“Over the past 18 months, COVID has revolutionized all aspects of American life, including the way we do banking,” Newsweek noted in its September issue. “And that, in turn, has changed what we look for where we park our money and what institutions serve us best.”
Newsweek released its second annual bank ranking in partnership with LendingTree, an online lending marketplace and financial services comparison site. Rankings were based on a subjective assessment of checking and savings accounts as well as digital banking tools of 2,625 FDIC-insured institutions.
US Bancorp published this content on September 29, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 29, 2021 06:11:07 AM UTC.