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.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of U.S. Bank National Association failure its depositors will not be paid out any compensation.
The following banks operating under US Bank brand name has been recently closed down: