U.S. Bank among Minnesota companies urging 'de-escalation'

Core Insights - U.S. Bancorp has joined nearly 70 Minnesota-based companies in calling for an immediate de-escalation of tensions following the killing of a second Minneapolis resident by immigration officials [1][9] - The open letter, signed by various CEOs including U.S. Bancorp's CEO Gunjan Kedia, urges cooperation among state, local, and federal officials to find real solutions to the unrest [2][10] Company Position - U.S. Bank, a subsidiary of U.S. Bancorp, is the largest deposit-holder in Minnesota with over 33% market share, and had $692.3 billion in assets as of December 31 [7] - The bank has not closed any branches or suffered damages during the recent protests, unlike the civil unrest in 2020 following George Floyd's murder [7] Industry Response - The Business Roundtable, representing over 200 chief executives, has expressed support for the call to de-escalate tensions in Minneapolis [5][6] - Other financial services companies, including Allianz Life Insurance, Ameriprise Financial, and others, have also signed the open letter advocating for cooperation among authorities [8]