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

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.
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