No, U.S. Bank and Bank of America are not the same company. U.S. Bank and Bank of America are two separate publicly traded businesses, and they occupy two of the top 10 spots among the largest banks in the United States by total assets. They are not affiliated in any way.
In fact, U.S. Bank and Bank of America have little in common aside from their size and similar product offerings. U.S. Bank is more regional, operating in 26 states, with a large presence in the Midwest. Bank of America is a national brand with locations in 45 states and nearly four times more assets than U.S. Bank.
U.S. Bank Vs. Bank of America
| Bank Name | U.S. Bank | Bank of America |
| Parent Company | U.S. Bancorp | Bank of America Corp |
| Ranking by Total Assets | 5th | 2nd |
| Locations | More than 2,000 (26 states) | Around 3,800 (45 states) |
| Founded | 1863 | 1998 |
| Headquarters | Minneapolis, MN | Charlotte, NC |
If you’re in the market for a new bank, check out our free comparison tool to weigh your options.
This answer was first published on 12/21/21 and it was last updated on 02/29/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
