U.S. Bancorp

U.S. Bancorp is a large, publicly traded financial services holding company headquartered in Minneapolis, Minnesota. The company, which operates primarily through its subsidiary U.S. Bank National Association, traces its origins to 1863. Trading under the ticker USB on the NYSE, U.S. Bancorp is one of the largest banking institutions in the United States. As of recent reports, the company employs approximately 70,000 people and has total assets in the hundreds of billions of dollars.

As a diversified financial services company, U.S. Bancorp offers a wide range of products to individuals, businesses, and institutional clients. Major business lines include Consumer and Business Banking, Payment Services, and Wealth, Corporate, Commercial and Institutional Banking. Specific offerings encompass lending and depository services, credit cards, mortgage banking, wealth management, asset management, and payment processing through its subsidiary Elavon. The bank operates thousands of branches and ATMs, primarily in the Midwestern and Western regions of the U.S.

Based on the provided data, U.S. Bancorp is an operating company that has been a defendant in patent litigation. The single tracked case shows it being sued, a common posture for large technology-implementing companies. This defensive position contrasts with non-practicing entities (NPEs), which primarily generate revenue by asserting patents against other companies.

The tracked case, Cyberfone Systems, LLC v. U.S. Bancorp, was filed in the District of Delaware in 2014. The plaintiff, Cyberfone Systems, LLC, has been identified as a patent assertion entity that has filed numerous lawsuits against a wide variety of companies. The patents asserted by Cyberfone have faced challenges regarding their eligibility, with courts finding claims directed at abstract ideas. U.S. Bancorp's involvement in this case is typical for a large financial institution that implements customer-facing and internal technologies targeted by NPEs.