U.S. Bank is one of the largest American credit institutions. U.S. Bank is a full-service universal bank offering retail, private, corporate and investment banking products and services to individuals, businesses of all sizes, municipalities and other financial institutions.
U.S. Bank National Association has Category B banking license number 76017 issued by the Cayman Islands Monetary Authority. This type of license allows U.S. Bank National Association to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of U.S. Bank National Association failure its depositors will not get any compensation.