U.S. Bancorp (USB) continues its strategy of growth through buying up failed banks with the help...

|About: U.S. Bancorp (USB)|By:, SA News Editor

U.S. Bancorp (USB) continues its strategy of growth through buying up failed banks with the help of the FDIC, purchasing Tennessee-based BankEast and its 10 branches for $67.5M. It's a "bite-sized deal [that] creates a platform from which it can grow," but USB's bites during the banking downturn have brought ~$35B in assets from six FDIC-assisted transactions.