U.S. Bank stays the course

  • Article by: DAVID SHAFFER , Star Tribune
  • Updated: June 7, 2011 - 9:04 PM

A top official with the big bank said it still isn't looking for a major acquisition but does plan to raise its dividend.

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averagefanJun. 7, 1110:29 PM

It will be interesting to see how many accounts they lose, now that they are doing away with their free checking.

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Redsun1909Jun. 8, 11 5:56 AM

Free checking is going away because of financial regulation.

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outziderJun. 8, 11 7:48 AM

You missed the middle part -- it is no longer ridiculously profitable, only somewhat profitable, so the big banks are getting rid of it. Go small or go to a credit union, or make your 2 deposits a month.

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EbuddyJun. 8, 11 8:15 AM

I think that people forget that banks are for-profit organizations. Like any business, it's a quid-pro-quo relationship. The more business you do with them, the better the deal you get. US Bank, Wells, all the biggies let you have a checking account for free - you just need to give them more business than your $150 checking account. In retunr, you get to bank on-line, do bill-pays, withdrawal from ATM machines and a bunch more. Be an educated, informed consumer and you'll likely NEVER have to pay a fee at your bank. If after all that, you're still unhappy, then move your business elsewhere and quit complaining.

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msfb99Jun. 8, 1112:52 PM

The most stable major bank in the country. Glad to know their homebase is Minnesota.

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zombie12349Jun. 12, 11 6:25 PM

US Bank increases revenue by slashing payroll. Nice.

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