On the Record · US Bancorp \de\
US Bancorp \de\ acquisitions, on the record
The businesses US Bancorp \de\ bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
MUFG Union Bank, N.A. ("MUB") core regional banking franchiseWord for word“On December 1, 2022, the Company acquired MUB’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. ("MUFG").” 10-K for 2023 | acquisition | December 1, 2022 | — |
MUB into USBNAWord for word“On May 26, 2023, the Company merged MUB into USBNA, the Company’s primary banking subsidiary.” 10-K for 2023 | merger | On May 26, 2023 | — |
BTIGWord for word“Pending Acquisition of BTIG In January 2026, the Company announced that it entered into a definitive agreement to acquire BTIG for a purchase price of up to $1 billion, consisting of a targeted amount of $725 million ($362.5 million of cash and 6,600,594 shares of the Company’s common stock) to be paid at closing and up to an additional $275 million of cash consideration payable over three years, subject to achievement of defined performance targets.” 10-K for 2025 | agreed acquisition | In January 2026 | up to $1 billion |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2017-12-31 | $62 million |
| 2018-12-31 | $105 million |
| 2019-12-31 | $285 million |
| 2020-12-31 | $180 million |
| 2021-12-31 | $371 million |
| 2022-12-31 | $2.15 billion |
| 2023-12-31 | $96 million |
| 2024-12-31 | $80 million |
| 2025-12-31 | $46 million |
Deal filings since 2016
- 2025-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-09-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from US Bancorp \de\’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.