U.S. Bancorp Plans to Offer American Express Credit Cards

Nov. 20 (Bloomberg) -- U.S. Bancorp, the nation’s biggest regional lender by assets, is partnering with American Express Co. to offer credit cards accepted on AmEx’s network.

American Express, the largest credit-card issuer by customer purchases, will help design programs for customers of Minneapolis-based U.S. Bancorp beginning in the second half of 2014, the Minneapolis-based lender said today in a statement.

“The American Express network provides a combination of benefits and services that many of our customers want,” Pam Joseph, vice chairman of U.S. Bancorp, said in the statement.

Wells Fargo & Co., the largest U.S. mortgage lender, said in August it teamed up with New York-based American Express to begin a similar card program in select U.S. markets this year, before offering all customers a full plan starting in the first half of 2014.

To contact the reporter on this story: Elizabeth Dexheimer in New York at edexheimer@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net