From his office in the U.S. Bank Tower downtown, regional chairman and market president Joseph Imbs III is steps away from the latest expansion of the bank’s reach in the region.
Two blocks north of the bank’s St. Louis base, four new U.S. Bank ATMs are being installed this month at the Edward Jones Dome in an exclusive contract.
The new machines are part of a push the bank has made to add ATMs – including at Schnucks grocery stores and hospital campuses — in recent years. The Minneapolis-based bank now has more than 300 local ATMs, more than any other bank, and the largest market share of local deposits, at 16 percent.
Imbs, who was born in St. Louis and started working at Mercantile Bank in 1976, says U.S. Bank has continued to grow throughout the economic downturn, even while other banks scaled back.
U.S. Bank’s workforce in St. Louis has grown from about 3,400 employees in 2008 to 4,100 currently and its business lending also has grown – increasing more than 23 percent since the beginning of 2008.
Imbs recently talked with the Post-Dispatch about the bank’s local operations. An edited transcript of that conversation can be found on St. Louis Post-Dispatch.