A Rich Heritage

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Summer 2013

U.S. Bank celebrated its 150th anniversary on July 13, commemorating a rich history that has shaped its past and positioned it for the future.


The First National Bank of Cincinnati was formed in 1863 under national Charter #24 (shown above), under which U.S. Bancorp still operates.

U.S. Bank traces its roots to 1863, when The First National Bank of Cincinnati opened as the Civil War raged across the Ohio River. Throughout the 19th Century, pioneers across the country opened independent banks in small towns and growing cities.


Hundreds of these banks would eventually become part of U.S. Bank, helping it maintain a steady course in times of prosperity and in times of hardship — and allowing it to become the strong, reliable institution it is today.


“Through generations of service, we have taken responsibility for helping our clients achieve their financial goals, and for supporting and strengthening our communities across the nation,” says Richard Davis, CEO of U.S. Bancorp.


To commemorate the anniversary, Davis was invited to ring the bell at the New York Stock Exchange on July 12.

Preserving Our Legacy

In yet another tie to U.S. history, U.S. Bank’s 150th anniversary coincides with the 225th anniversary of the ratification of the U.S. Constitution. In support of this document’s role in American history, The Private Client Reserve sponsored PBS’ CONSTITUTION USA, a project including nonpartisan educational initiatives and a PBS prime-time series about the Constitution that aired in May. Peter Sagal, host of the National Public Radio (NPR) show “Wait Wait… Don’t Tell Me!” hosted the series. CONSTITUTION USA is a production of tpt National Productions in association with Insignia Films.


U.S. Bank employees along with Richard Davis, CEO of U.S. Bancorp, on hand to ring the bell at the NYSE July 12

“I can’t think of a better thing for the bank and The Private Client Reserve to be involved in than ongoing dialogue and education around the Constitution,” says Michael Boardman, President of The Private Client Reserve. “The enduring nature of both the Constitution and our company is a credit to the visionaries who created each and the commitment of those who followed.”


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