134-695: U.S. Bancorp (stylized as us bancorp ) is an American bank holding company based in Minneapolis, Minnesota , and incorporated in Delaware . It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. As of 2019, it had 3,106 branches and 4,842 automated teller machines , primarily in
268-705: A bank through a loophole in Federal banking law that allows the Office of the Comptroller of the Currency to allow the relocation of bank headquarters within 30 miles of their present location without regards to state boundaries and state regulations. So U.S. Bancorp of Oregon announced that they plan to transfer the existing branches of the First National Bank of Spokane to the U.S. Bancorp of Washington and then ask permission from
402-804: A distinct identity and illustrate the changes throughout the city's history. Most of Spokane's notable buildings and landmarks are in the Riverside neighborhood and the downtown commercial district, where many of the buildings were rebuilt after the Great Fire of 1889 in the Romanesque Revival style. Examples include the Great Northern clock tower, Review Building, Cathedral of Our Lady of Lourdes , First Congregational Church , Washington Water Power Post Street substation , Peyton Building, and The Carlyle. The principal architect of many buildings of this period
536-559: A plain that eventually rises sharply to the east towards the rugged, timbered Selkirk Mountains . The foothills of the Rockies —the Coeur d'Alene Mountains —rise about 25 miles (40 km) to the east in north Idaho. The city is in a transition area between the barren landscape of the Columbia Basin and the coniferous forests to the east; to the south are the lush prairies and rolling hills of
670-486: A publicity stunt. Many Wobblies were incarcerated, including feminist labor leader Elizabeth Gurley Flynn , who published her account in the local Industrial Worker . After mining declined at the turn of the 20th century, agriculture and logging became the primary influences in the Spokane economy. The population explosion and the building of homes, railroads, and mines in northern Idaho and southern British Columbia fueled
804-567: A result of the regulatory ruling, U.S. Bancorp sold 25 branch offices in Oregon, four in central Washington and one in Idaho to First Hawaiian Bank for $ 38 million in cash. In February 1996, U.S. Bancorp of Oregon announced the pending acquisition of the San Ramon, California -based California Bancshares for $ 309 million (~$ 554 million in 2023) in stock. California Bancshares had a total of 38 branches in
938-477: A solitary wolf in Mount Spokane State Park. Although the ecoregion remains ecologically intact, it faces conservation challenges that include the negative effects of certain forestry management and logging practices, higher risks of forest fires due to the alteration of the trees that make up the forest composition, and habitat fragmentation as a result of urban sprawl and development, which endangers
1072-469: A tax free basis, borrow money, acquire other banks and non-bank entities more easily, and issue stock with greater regulatory ease. It also has a greater legal authority to conduct share repurchases of its own stock. The downside includes responding to additional regulatory authorities, especially if there are more than 2,000 shareholders (note: prior to the Jobs Act or Jumpstart Our Business Startups Act ,
1206-596: A total area of 60.02 square miles (155.45 km ), of which 59.25 square miles (153.46 km ) is land and 0.77 square miles (1.99 km ) is water. Spokane lies mostly within the Spokane Valley Outwash Plains at the periphery of the North Central Rockies forests ecoregion and partly within the eastern edge of the basaltic Channeled Scablands steppe of the Columbia Plateau ecoregion,
1340-514: A total of 31 branch offices for $ 904 million (~$ 1.56 billion in 2023) in stock. At the time of the announcement, U.S. Bancorp had 98 branch offices within California. The acquisition was finalized in November 1999 for $ 1.04 billion (~$ 1.79 billion in 2023) in stock. In July 1999, Philip G. Heasley was appointed president and chief operating officer of U.S. Bancorp. John Grundhofer had handed over
1474-630: A year. Spokane's location, between the Cascades Range to the west and the Rocky Mountains to the east and north, protects it from weather patterns experienced in other parts of the Pacific Northwest . The Cascade Mountains form a barrier to the eastward flow of moist and relatively mild air from the Pacific Ocean in winter and cool air in summer. As a result of the rain shadow effect of
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#17328479576731608-882: Is also home to the Riverfront and Manito parks, the Smithsonian-affiliated Northwest Museum of Arts and Culture , the Davenport Hotel , and the Fox and Bing Crosby theaters. The Cathedral of Our Lady of Lourdes is the seat of the Roman Catholic Diocese of Spokane , and the Cathedral of St. John the Evangelist serves as that of the Episcopal Diocese of Spokane . The Spokane Washington Temple in
1742-613: Is broadly defined as "any company that has control over a bank". All bank holding companies in the US are required to register with the Board of Governors of the Federal Reserve System . The Federal Reserve Board of Governors , under Regulation Y ( 12 CFR 225 ) has responsibility for regulating and supervising bank holding company activities, such as establishing capital standards , approving mergers and acquisitions and inspecting
1876-573: Is currently being renovated and modernized (as of October 2016). Manito Park and Botanical Gardens on Spokane's South Hill features the Duncan Gardens, a classical European Renaissance -style garden and the Nishinomiya Japanese Garden designed by Nagao Sakurai . Riverside State Park, close to downtown, is a site for outdoor activities such as hiking, mountain biking, and horse riding. The Spokane area has many trails and rail trails ,
2010-508: Is still trying to make the transition to a more service-oriented economy in the face of a less prominent manufacturing sector. Developing the city's strength in the medical and health sciences fields has seen some success, resulting in the expansion of the University District with two medical school branches. The city faces challenges such as a scarcity of high-paying jobs, pockets of poverty, and areas of high crime. The opening of
2144-594: Is the Washington-native rainbow trout , which is the official fish of Washington state. Big game common in eastern Washington include black and grizzly bears, caribou , Rocky Mountain elk , bighorn sheep, and cougar. Whitetail deer, mule deer, and moose are also found in abundance. The gray wolf population has been making a recovery in the Inland Northwest. As of June 2016, there are 16 wolf packs in eastern Washington. In August 2016, photo evidence confirmed
2278-592: Is the central business district of Spokane. The neighborhoods south of downtown Spokane are collectively known as the South Hill. Downtown Spokane contains many of the city's public facilities, including City Hall, Riverfront Park (site of Expo '74), and the Spokane Convention Center, First Interstate Center for the Arts and Spokane Arena. The Spokane County Courthouse and public safety campus is adjacent to downtown in
2412-597: Is the closest natural reserve, the closest National Forest is the Colville National Forest , the closest National Recreation Area is the Lake Roosevelt National Recreation Area and the closest national park is Mount Rainier National Park , approximately a four-and-a-half hour drive from Spokane. Spokane's neighborhoods range from the Victorian -style South Hill and Browne's Addition, to
2546-542: Is the official tree of the City of Spokane, which is where specimens were first collected by botanist David Douglas in 1826. The Canadian Rockies ecoregion supports 70 mammals, 16 reptiles and amphibians, 168 birds, and 41 fish species. There is a high concentration of raptors in the area, bald eagles are a common sight near Lake Coeur d'Alene in December and January when kokanee spawn. The most common fish present in area lakes
2680-554: The 2nd-most populous city in Washington , and the 97th-most populous city in the United States . At the 2020 census , Spokane's population was 228,989. A 2023 estimate sets the population of the metropolitan area at 600,292. The first people to live in the area, the Spokane tribe (their name meaning "children of the sun" in Salishan ), lived off plentiful game. David Thompson explored
2814-559: The Bank Holding Company Act of 1956 prohibited such actions. First Bank Stock Corporation was renamed First Bank System Inc. in 1968. In September 1997, the new U.S. Bancorp, formerly First Bank System, announced the pending acquisition of the St. Cloud, Minnesota -based Zappco, Inc. with its three banks and six banking locations for an undisclosed amount. At the time of the announcement, U.S. Bancorp had more than 1,000 banking offices in
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#17328479576732948-667: The Canadian border , 18.5 miles (30 km) west of the Washington– Idaho border, and 279 miles (449 km) east of Seattle , along Interstate 90 . Spokane is the economic and cultural center of the Spokane metropolitan area , the Spokane–Coeur d'Alene combined statistical area , and the Inland Northwest . It is known as the birthplace of Father's Day , and locally by the nickname of "Lilac City". Officially, Spokane goes by
3082-463: The Chicago World's Fair in 1893, Cutter found work constructing many mansions for mining and railroad tycoons such as Patrick "Patsy" Clark and Daniel C. Corbin and son Austin. The older neighborhoods of the early 20th century, such as West Central, East Central, Logan , Hillyard, and much of the lower South Hill, feature a large concentration of American Craftsman style bungalows . In Hillyard,
3216-590: The Comptroller of the Currency on November 28, 1968. LeRoy B. Staver, president, and chief executive officer of the bank, was quickly appointed chairman and chief executive officer for the new holding company while Robert B. Wilson was appointed president of the holding company and also executive vice president for the bank. Wilson later resigned as president in December 1972 and his position was filled eight months later by John A. Elorriaga. Staver retired in October 1974 and
3350-609: The Eureka, California -based Bank of Loleta with seven branch offices in Humboldt and Del Norte counties for $ 15.3 million (~$ 34 million in 2023) in cash. The acquisition was completed in December 1988 and was renamed U.S. Bank of California. In April 1988, U.S. Bancorp of Oregon announced the pending acquisition of the Bellingham, Washington -based Northwestern Commercial Bank for $ 15.5 million (~$ 34.5 million in 2023). The acquisition
3484-644: The Federal Reserve 's credit facilities. Spokane, Washington Spokane ( / s p oʊ ˈ k æ n / spoh- KAN ) is the most populous city in and the county seat of Spokane County, Washington , United States. It is in eastern Washington , along the Spokane River , adjacent to the Selkirk Mountains , and west of the Rocky Mountain foothills, 92 miles (148 km) south of
3618-617: The Industrial Workers of the World (IWW), or "Wobblies" as they were often known, whose free speech fights had begun to garner national attention. Now, with grievances concerning the unethical practices of the employment agencies, they initiated a free speech fight in September 1908 by purposely breaking a city ordinance on soapboxing . With IWW encouragement, union members from many western states came to Spokane to take part in what had become
3752-491: The Oregon Treaty of 1846. The Hudson's Bay Company wound up its operations in the area over the next few years. In what is now Spokane, the first American settlers were J.J. Downing and S.R. Scranton, cattle ranchers who squatted and established a claim at Spokane Falls in 1871. Together they built a small sawmill on a claim near the south bank of the falls. James N. Glover and Jasper Matheney, Oregonians passing through
3886-682: The Palouse . The highest peak in Spokane County is Mount Spokane , at an elevation of 5,883 feet (1,793 m), on the eastern side of the Selkirk Mountains. The Spokane River is the area's most prominent water feature, a 111-mile (179 km) tributary of the Columbia River , originating from Lake Coeur d'Alene in northern Idaho. The river flows west across the Washington state line through downtown Spokane, meeting Latah Creek , then turns to
4020-583: The Queen Anne and early American Craftsman styles. The area houses the Northwest Museum of Arts and Culture. In northeast Spokane, the Hillyard neighborhood began in 1892 as the chosen site for James J. Hill's Great Northern Railway yard, placed outside Spokane city limits to avoid "burdensome taxes". The downtown Hillyard Business District, located on Market Street, was the first Spokane neighborhood listed in
4154-794: The River Park Square in 1999 served as a catalyst and sparked a downtown rebirth that included the building of the Spokane Arena and expansion of the Spokane Convention Center . Other major projects include the building of the Big Easy concert house (now the Knitting Factory ) and renovation of the historic Montvale Hotel , the Kirtland Cutter-designed Davenport Hotel (after being vacant for over 20 years),
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4288-534: The St. George, Utah -based Sun Capital Bancorp with its three-branch office Sun Capital Bank subsidiary for $ 15.5 million (~$ 27.8 million in 2023). The acquisition was completed in January 1997. In December 1996, Daniel R. Nelson, president and chief operating officer of U.S. Bancorp of Oregon, unexpectedly announced his early retirement effective on New Year's Day 1997. Nelson was originally in line to be Gerry B. Cameron's successor as chairman and chief executive upon
4422-794: The Western Hockey League . The Spokane Velocity in USL League One with a women's first division team Spokane Zephyr FC in USL Super League . The Gonzaga Bulldogs collegiate basketball team competes at the Division ;I level. As of 2010, Spokane's major daily newspaper, The Spokesman-Review , had a daily circulation of over 76,000. The first humans to live in the Spokane area were hunter-gatherers that lived off plentiful fish and game; early human remains have been dated to 8,000 to 13,000 years ago. The Spokane tribe, after which
4556-412: The 1920s and 1930s remained slow but less drastically so, forcing city boosters to market the city as a quiet, comfortable place suitable for raising a family rather than a dynamic community full of opportunity. The Inland Empire was heavily dependent on natural resources and extractive goods produced from mines, forests, and farms, which experienced a fall in demand. The situation improved slightly with
4690-1000: The 1960s and 1970s where his main body of work was done in the modernist style, designing numerous residential houses, apartment buildings, and architectural embellishments. Some of his most noteworthy works in Spokane include The Parkade , Spokane International Airport, Spokane Regional Health Building, and the Burlington Northern Latah Creek Bridge over Hangman Valley. Other well-represented architectural styles downtown include Art Deco (Spokane City Hall, Paulsen Center , Fox Theater , John R. Rogers High School , City Ramp Garage), Renaissance Revival (Steam Plant Square, Thomas S. Foley Courthouse , Legion Building , San Marco ), Neoclassical (Masonic Center, Hutton Building , Bing Crosby Theater ), Chicago School ( U.S. Bank Building , Liberty Building, Old City Hall ) and Modernist ( The Parkade , Ridpath Hotel , Bank of America Financial Center). The tallest building in
4824-523: The Blue Zoo an interactive aquarium in the NorthTown Mall . The area supports an abundance of wildlife in part because of its varied geology and natural history. The area contains a wide range of vegetation, from densely wooded coniferous forests to rolling grassy hills and meadows. Ponderosa pine and Douglas fir are common in the drier and lower elevation areas throughout the region. The ponderosa pine
4958-624: The Browne's Addition neighborhood and residences contain the largest variety of residential architecture in the city. These residences are lavish and personalized, featuring many architectural styles that were popular and trendy in the Pacific Northwest from the late 19th century to 1930, such as the Victorian and Queen Anne styles. In high demand following his firms' design of the Idaho Building at
5092-492: The Cameron's planned retirement on New Year's Day 1999. In December 1996, U.S. Bancorp of Oregon announced the pending acquisition of the Sacramento, California -based Business & Professional Bank for $ 35 million (~$ 62.8 million in 2023) in cash. The acquisition was completed in May 1997. In March 1997, the Minneapolis , Minnesota -based First Bank System announced the pending acquisition of U.S. Bancorp of Oregon for $ 9 billion (~$ 15.9 billion in 2023) in stock. At
5226-504: The Cascades, the Spokane area has 16.5 inches (420 mm) average annual precipitation, less than half of Seattle's 39.3 inches (1,000 mm). Precipitation peaks in December, and summer is the driest time of the year. The Rockies shield Spokane from some of the winter season's coldest air masses traveling southward across Canada. In the summer season, Spokane, like much of the western United States , has been experiencing drier conditions and more frequent and larger wildfire events since
5360-451: The Coeur d'Alene region of northern Idaho lured prospectors. The Inland Empire erupted with numerous mining rushes from 1883 to 1892. Mining and smelting emerged as a major stimulus to Spokane. At the onset of the initial 1883 gold rush in the nearby Coeur d'Alene mining district , Spokane became popular with prospectors, offering low prices on everything "from a horse to a frying pan". It would keep this status for subsequent rushes in
5494-426: The Davenport District of Downtown, to the more contemporary neighborhoods of north Spokane. Spokane's neighborhoods are gaining attention for their history, as illustrated by the city being home to 18 recognized National Register Historical Districts . Some of Spokane's best-known neighborhoods are Riverside , Browne's Addition , and Hillyard . The Riverside neighborhood consists primarily of downtown Spokane and
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5628-404: The Davenport Hotel cost two million dollars to complete and included new technologies at the time of its opening in September 1914, such as chilled water, elevators, and air cooling. In contemporary times, one of the city's foremost and influential architects has been Warren C. Heylman, who helped give the city a great breadth of mid-century architecture. Heylman's career was most prolific during
5762-404: The East San Francisco Bay Area in nine separate banks that included Alameda First National, Community First National, Modesto Banking Co., Commercial Bank of Fremont, Lamorinda National Bank, Bank of San Ramon Valley, Westside Bank, Concord Commercial Bank and Bank of Milpitas. The acquisition was completed in June 1996. In September 1996, U.S. Bancorp of Oregon announced the pending acquisition of
5896-510: The Firstar that took over U.S. Bancorp in 2001 was actually the same company and leadership that acquired Firstar 27 months earlier in 1998, namely Star Banc Corporation . That bank, in turn, traced its roots to the founding of First National Bank of Cincinnati in 1863. Jerry Grundhofer and his team from Star Banc were instrumental in both acquisitions. Present-day U.S. Bancorp retains Star Banc's pre-1998 stock price history. As mentioned above, it claims 1863 as its founding date, and operates under
6030-427: The Fox Theater (now home to the Spokane Symphony) as well as the completion of the WSU Pharmaceutical and Biomedical Sciences Building in 2013 and the Davenport Grand Hotel in 2015, Ridpath Hotel in 2018 and the ongoing renovation of Riverfront Park (as of May 2019). The Kendall Yards development on the west side of downtown Spokane is one of the largest construction projects in the city's history. Directly across
6164-426: The National Register of Historic Places. Many of the former town's houses were built to house railroad workers, mainly immigrant laborers working in the local yard, who gave Hillyard an independent, blue-collar character. Hillyard has become a home for much of Spokane's growing Russian , Ukrainian , and Southeast Asian communities. Spokane neighborhoods contain a patchwork of architectural styles that give them
6298-424: The North West Company further south in search of furs. After establishing the Kullyspell House and Saleesh House trading posts in what are now Idaho and Montana, Thompson then attempted to expand further west. He sent out two trappers, Jacques Raphael Finlay and Finan McDonald, to construct a fur trading post on the Spokane River, which flows west from Lake Coeur d'Alene to the Columbia River , and trade with
6432-507: The Office of the Comptroller of the Currency to move the headquarters of First National from Spokane, Washington, to Coeur d'Alene, Idaho . After receiving Federal approval, First National was finally moved in February 1992 and renamed U.S. Bank of Idaho. In July 1990, U.S. Bancorp of Oregon announced the pending acquisition of the Auburn, California -based HeartFed Financial Corporation with its Heart Federal Savings and Loan subsidiary for $ 107.8 million (~$ 222 million in 2023) in stock. At
6566-486: The South Hill. Yet the rebuilding and development of the city was far from smooth: between 1889 and 1896 alone, all six bridges over the Spokane River were destroyed by floods before their completion. In the 1890s the city was subject to intrastate migration by African-Americans from Roslyn , looking for work after the closure of the area's mines. Two African-American churches, Calvary Baptist and Bethel African Methodist Episcopal, were founded in 1890. Just three years after
6700-456: The Spokane River from downtown, it will blend residential and retail space with plazas and walking trails. Spokane is located on the Spokane River in eastern Washington at an elevation of 1,843 feet (562 m) above sea level, about 18 miles (29 km) from Idaho , 92 miles (148 km) south of the Canadian border , 229 miles (369 km) due east of Seattle, and 279 miles (449 km) southwest of Calgary . The lowest elevation in
6834-402: The U.S. Justice Department agreed to allow the acquisition to proceed on the condition that one of the Northwest National Bank branch offices was to be sold. The acquisition was completed in December 1998 after U.S. Bancorp sold the requested banking office to Centennial Bank of Eugene. At the end of 1998, Gerry Cameron retired as chairman and handed the position over to John Grundhofer who added
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#17328479576736968-444: The U.S. National Bank name. It changed its name to the United States National Bank of Oregon in 1964. The central part of the franchise dates from 1864, with the formation of First National Bank of Minneapolis. In 1929, that bank merged with First National Bank of St. Paul (also formed in 1864) and several smaller Upper Midwest banks to form the First Bank Stock Corporation, which changed its name to First Bank System in 1968. In
7102-435: The Western and Midwestern United States. In 2023 it ranked 149th on the Fortune 500 , and it is considered a systemically important bank by the Financial Stability Board . The company also owns Elavon , a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S. U.S. Bancorp operates under
7236-453: The area with the westward expansion and establishment of the North West Company 's Spokane House in 1810. This trading post was the first long-term European settlement in Washington. Completion of the Northern Pacific Railway in 1881 brought many settlers from America to the Spokane area. The same year it was officially incorporated as a city under the name of Spokane Falls (it was re-incorporated under its current name ten years later). In
7370-432: The arrival of additional railroads. By 1910 the population had hit 104,000, and Spokane eclipsed Walla Walla as the commercial center of the Inland Empire. In time the city came to be known as the "capital" of the Inland Empire and the heart of a vast tributary region. After the arrival of the Northern Pacific, Union Pacific , Great Northern, and Chicago, Milwaukee, St. Paul and Pacific railroads, Spokane became one of
7504-419: The board and chief executive officer in November 1987 and was replaced by Roger L. Breezley while Jensen continued as president. In December 1987, U.S. Bancorp of Oregon announced the pending acquisition of the Bellingham, Washington -based Mt Baker Bank for $ 25 million (~$ 57.5 million in 2023). U.S. Bancorp of Oregon entered the state of California by announcing in April 1988 the pending acquisition of
7638-566: The chairman while Edmund P. Jensen was appointed president as a replacement to Mays, and Roger L. Breezley was appointed to the new post of chief operating officer. In December 1986, U.S. Bancorp of Oregon announced the pending acquisition of the Forest Grove, Oregon -based Valley National Corporation (not to be confused with the Phoenix, Arizona, company of the same name) with its five-branch Valley National Bank of Forest Grove subsidiary for $ 13.7 million (~$ 32.3 million in 2023) in stock. U.S. Bancorp of Oregon made its first acquisition outside
7772-430: The charter originally granted to First National Bank of Cincinnati. Additionally, all SEC filings before 1998 are under Star Banc, and all filings from 1998 to 2000 are under Firstar. In April 2001, the new U.S. Bancorp announced the pending acquisition of all 20 branch offices in California of the Encino -based Pacific Century Bank from its Honolulu -based parent Pacific Century Financial Corporation . The acquisition
7906-410: The chief operating officer and president of U.S. Bancorp and he would later be Cameron's successor as chairman and CEO upon Cameron's planned retirement in three years. Since both U.S. Bancorp and West One had overlapping territories in Oregon and Washington, the U.S. Justice Department would only allow the acquisition to proceed if U.S. Bancorp would sell off 27 branch offices in Washington and Oregon. As
8040-426: The city , at 288 feet (88 m), is the Bank of America Financial Center. Also of note is the Spokane County Courthouse in West Central (the building on the seal of Spokane County), the Cathedral of St. John the Evangelist in Rockwood, the Benewah Milk Bottles in Riverside and Garland, Mount Saint Michael in Hillyard, and the Cambern Dutch Shop Windmill in South Perry. As an early affluent Spokane neighborhood,
8174-433: The city is named (the name meaning "children of the sun" or "sun people" in Salishan ), are believed to be either their direct descendants, or descendants of people from the Great Plains . When asked by early white explorers, the Spokanes said their ancestors came from "up North." Early in the 19th century, the Northwest Fur Company sent two white fur trappers west of the Rocky Mountains to search for fur . These were
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#17328479576738308-475: The city of Spokane is the northernmost point of the Spokane River within city limits (in Riverside State Park ) at 1,608 feet (490 m); the highest elevation is on the northeast side, near the community of Hillyard (though closer to Beacon Hill and the North Hill Reservoir) at 2,591 feet (790 m). Spokane is part of the Inland Northwest region, consisting of eastern Washington, north Idaho , northwestern Montana , and northeastern Oregon . The city has
8442-575: The city was 80.7% White, 2.9% some other race, 2.5% Black or African American, 2.0% Asian, 0.8% Native American or Alaskan Native, and 0.5% Native Hawaiian or Other Pacific Islander, with 10.5% from two or more races. Hispanics or Latinos of any race were 8.1% of the population. Of the 101,130 households, 24.5% had children under the age of 18 living with them, 29.8% had seniors 65 years or older living with them, 35.9% were married couples living together, 7.9% were couples cohabitating, 24.8% had
8576-399: The city was reincorporated under the present name of "Spokane" in 1891. According to historian David H. Stratton, "From the late 1890s to about 1912, a great flurry of construction created a modern urban profile of office buildings, banks, department stores, hotels and other commercial institutions" which stretched from the Spokane River to the site of the Northern Pacific railroad tracks below
8710-480: The city. During this time of stagnation, unrest was prevalent among the area's unemployed, who became victimized by "job sharks", who charged a fee for signing up workers in the logging camps. Job sharks and employment agencies were known to cheat itinerant workers, sometimes paying bribes to periodically fire entire work crews, thus generating repetitive fees for themselves. Crime spiked in the 1890s and 1900s, with eruptions of violent activity involving unions such as
8844-462: The coldest month is over 26.6 °F (−3 °C), though in the US this threshold is often defined to be 32 °F (0 °C). The area typically has a warm, arid climate during the summer months, bracketed by short spring and fall seasons. On average, the warmest month is July and the coolest month is December; July averages 71.0 °F (21.7 °C), while December averages 29.1 °F (−1.6 °C). Daily temperature ranges are large during
8978-420: The completion of the railroad and its exact course, Matheney sold his interest in the claim to Glover. Glover confidently held on to his claim and became a successful Spokane business owner and the city's second mayor. He later came to be known as the "Father of Spokane". In 1880, Fort Spokane was established by U.S. Army troops under Lt. Col. Henry C. Merriam 56 miles (90 km) northwest of Spokane, at
9112-419: The east of the county serves the Church of Jesus Christ of Latter-day Saints . Gonzaga University was established in 1887 by the Jesuits , and the private Presbyterian Whitworth University was founded three years later and moved to north Spokane in 1914. In sports, the region's professional and semi-professional sports teams include the Spokane Indians in Minor League Baseball . The Spokane Chiefs in
9246-410: The eastern part of the franchise, Farmers and Millers Bank in Milwaukee opened its doors in 1853, growing into the First National Bank of Milwaukee and eventually becoming First Wisconsin and ultimately Firstar Corporation . In Cincinnati , First National Bank of Cincinnati opened for business on July 13, 1863 under National Charter #24—the charter that U.S. Bancorp still operates under today, and one of
9380-418: The fairgrounds became the 100-acre (40 ha) Riverfront Park. The growth witnessed in the late 1970s and early 1980s was interrupted by another U.S. recession in 1981, in which silver, timber, and farm prices dropped. The period of decline for the city lasted into the 1990s and was also marked by a loss of many steady family-wage jobs in the manufacturing sector. At this time, market forces began to impact
9514-446: The fire, in 1892, James J. Hill 's Great Northern Railway arrived in the chosen site for Hill's rail yards , the newly created township of Hillyard (annexed by Spokane in 1924). Spokane became an important rail shipping and transportation hub for the Inland Empire, connecting mines in the Silver Valley with agricultural areas around the Palouse region. The city's population ballooned to 19,922 in 1890, and to 36,848 in 1900 with
9648-589: The first governor, Isaac Stevens , made an initial effort to make a treaty with Chief Garry and the Spokanes at Antoine Plantes' Ferry, not far from Millwood . After the last campaign of the Yakima Indian War , the Coeur d'Alene War of 1858 was brought to a close by the actions of Col. George Wright , who won decisive victories against a confederation of tribes in engagements at the battles of Four Lakes and Spokane Plains . The cessation of hostilities opened
9782-666: The first white men met by the Spokanes, who believed they were sacred, and set the trappers up in the Colville River valley for the winter. The explorer-geographer David Thompson , working as head of the North West Company 's Columbia Department , became the first European to explore the Inland Empire (now called the Inland Northwest ). Crossing what is now the Canada–US border from British Columbia , Thompson wanted to expand
9916-540: The following year to join Bank One as the head of their First USA credit card unit around the same time Firstar was about to takeover U.S. Bancorp. In September 1999, U.S. Bancorp announced the pending acquisition of the San Diego-based Peninsula Bank with its 11 branch offices for $ 104 million (~$ 179 million in 2023) in stock. In early January 2000, a group of Peninsula Bank stockholders tried to stop
10050-472: The formation of First National Bank of Minneapolis in 1864. In 1929, the First National Bank of Minneapolis joined with the First National Bank of St. Paul to form a joint holding company for both banks that was called the First Bank Stock Corporation, while keeping both subsidiary banks legally separate. The new holding company quickly grew by acquiring other banks in the four-state region before
10184-437: The historic West Central neighborhood. To the east of downtown is East Central and the adjacent University District and budding "International District". To the west of downtown is one of Spokane's oldest and densest neighborhoods, Browne's Addition. A National Historic District west of Downtown, Browne's Addition was Spokane's first prestigious address, notable for its array of old mansions built by Spokane's early elite in
10318-438: The integrity of Spokane's street grid pattern is largely intact (especially the areas north of downtown and south of Francis Ave.), and the houses have backyard alleys for carports, deliveries, and refuse collection. Contemporary suburbs and architecture are prevalent at the north and south edges of Spokane as well as in the new Kendall Yards neighborhood north of downtown. In 1907, Spokane's board of park commissioners retained
10452-639: The inter-mountain valley of the Pacific Northwest to colonial expansion and safe habitation by settlers. Joint American–British occupation of Oregon Country , in effect since the Treaty of 1818 , eventually led to the Oregon Boundary Dispute after a large influx of American settlers along the Oregon Trail . Great Britain ceded its claims to lands in Puget Sound and the central and lower Columbia Basin by
10586-540: The junction of the Columbia and Spokane Rivers, to protect the construction of the Northern Pacific Railway and secure a place for U.S. settlement. By June 30, 1881, the railway reached the city, bringing major European settlement to the area. The city was officially incorporated with a population of about 1,000 residents on November 29, 1881. When Spokane was officially incorporated in 1881, Robert W. Forrest
10720-473: The late 1850s in part due to the hilltops. The Palouse was and still is a breadbasket and was able to develop and grow with the completion of several railroad networks as well as a highway system that began to center around the city of Spokane, aiding farmers from around the region in distributing their products to market. Inland Empire farmers exported wheat, livestock and other agricultural products to ports such as New York, Liverpool and Tokyo. Local morale
10854-454: The late 19th century, gold and silver were discovered in the Inland Northwest. The local economy depended on mining, timber, and agriculture until the 1980s. Spokane hosted the first environmentally themed World's fair at Expo '74 . Many of the downtown area's older Romanesque Revival -style buildings were designed by architect Kirtland Kelsey Cutter after the Great Fire of 1889 . The city
10988-510: The late 20th century; the fine particulate matter in the smoke can be carried by the wind and blanket the region in a haze and impact Spokane's air quality . See or edit raw graph data . As of the 2022 American Community Survey estimates, there were 230,176 people and 101,130 households. The population density was 3,347.5 inhabitants per square mile (1,292.5/km ). There were 105,002 housing units at an average density of 1,527.1 per square mile (589.6/km ). The racial makeup of
11122-449: The local Kaiser Aluminum plant and layoffs, pension cuts, a 1998-1999 labor strike, and eventually bankruptcy in 2002 followed. Although this was a tough period, Spokane's economy had started to benefit from some measure of economic diversification; growing companies such as Key Tronic and other research, marketing, and assembly plants for technology companies helped lessen Spokane's dependence on natural resources. As of 2014, Spokane
11256-637: The local Indians. This post was established in 1810, at the confluence of the Little Spokane and Spokane rivers, becoming the first enduring European settlement of significance in what later became Washington state. Known as the Spokane House , or simply "Spokane", it was in operation from 1810 to 1826. Operations were run by the British North West Company and later the Hudson's Bay Company , and
11390-649: The logging industry. Although overshadowed in importance by the vast timbered areas on the coastal regions west of the Cascades, and burdened with monopolistic rail freight rates and stiff competition, Spokane became a noted leader in the manufacture of doors, window sashes , blinds, and other planing mill products. Rail freight rates were much higher in Spokane than the rates in coastal seaport cities such as Seattle and Portland, so much so that Minneapolis merchants could ship goods first to Seattle and then back to Spokane for less than shipping directly to Spokane, even though
11524-518: The long-term survival of vulnerable species such as mountain caribou and the American goshawk . Spokane has a warm-summer humid continental climate ( Dsb under the Köppen classification), a rare climate due to its elevation and significant winter precipitation; Spokane, however, is adjacent to and sometimes even classified as a warm-summer Mediterranean climate ( Csb ) because the average temperature for
11658-520: The merger agreement, Jerry Grundhofer , president and chief executive officer of Firstar, would continue in those positions in the combined company while his older brother, John Grundhofer , chairman, president and chief executive officer of U.S. Bancorp, would serve as chairman of the board in the combined company until his planned retirement on December 31, 2002. The merged company retained some administrative functions in Milwaukee and Cincinnati. To allow
11792-600: The merger because the initial merger agreement was made prior to the huge 27% single-day drop in the value of U.S. Bancorp stock which effectively lowered the purchase price. The acquisition was later completed in January 2000 at a 10% reduction of the original price negotiated. In June 2000, U.S. Bancorp announced the acquisition of the San Diego-based Scripps Financial Corporation with its nine-branch office Scripps Bank subsidiary for $ 155 million (~$ 261 million in 2023) in stock. The acquisition
11926-731: The merger to proceed, the U.S. Department of Justice required Firstar to sell 11 branch offices in the Minneapolis-area and 2 in Council Bluffs, Iowa . Bremer Bank of Saint Paul, Minnesota , purchased the 11 Minneapolis-area Firstar offices while Liberty Bank of West Des Moines, Iowa , purchased the 2 Council Bluffs offices. Firstar Corporation traced its roots to the founding of the Farmer's and Millers Bank in Milwaukee in 1853, which by 1919 evolved into First Wisconsin National Bank. However,
12060-588: The more recognizable U. S. Bancorp name. John F. Grundhofer , chairman and chief executive of First Bank, was appointed president and chief executive of the new company while Gerry B. Cameron, chairman, and chief executive of U.S. Bancorp of Oregon, was appointed chairman of the new company, which he held until his retirement in 1998. The acquisition was completed in August 1997. Approximately 4000 jobs were eliminated, mostly in Portland. First Bank System can trace its roots to
12194-454: The most architecturally intact neighborhood in Spokane, 85 percent of these buildings are historic. As the city expanded mainly to the north in the middle of the 20th century, the bungalows in the "minimal traditional" style commonplace from the 1930s to the 1950s tend to predominate in the Northwest, North Hill, and Bemiss neighborhoods. This architectural style occupies the neighborhoods where
12328-428: The most important rail centers in the western U.S. Expansion abruptly stopped in the 1910s and was followed by a period of population decline, due in large part to Spokane's slowing economy. Control of regional mines and resources became increasingly dominated by national corporations rather than local people and organizations, diverting capital outside of Spokane and decreasing growth and investment opportunities in
12462-731: The most notable of which is the Spokane River Centennial Trail , which features over 37.5 miles (60.4 km) of paved trails running along the Spokane River from Spokane to the Idaho border. This trail continues on towards Coeur d'Alene for 24 miles (39 km) as the North Idaho Centennial Trail and is often used for alternative transportation and recreational use. In the summer, it has long been popular to visit North Idaho's "Lake Country", such as Lake Coeur d'Alene , Lake Pend Oreille , Priest Lake , or one of
12596-482: The nickname of Hooptown USA , due to Spokane's annual hosting of the Spokane Hoopfest , the world's largest basketball tournament. The city and the wider Inland Northwest area are served by Spokane International Airport , 5 miles (8 km) west of Downtown Spokane , which is located near another airfield at Fairchild Air Force Base . According to the 2010 census , Spokane had a population of 208,916, making it
12730-597: The northwest, where it is joined by the Little Spokane River on its way to the Columbia River, north of Davenport . The Channeled Scablands and many of the area's numerous large lakes, such as Lake Coeur d'Alene and Lake Pend Oreille , were formed by the Missoula Floods after the ice-dammed Glacial Lake Missoula ruptured at the end of the last ice age. The Turnbull National Wildlife Refuge south of Cheney
12864-539: The oldest active national bank charters in the nation. U.S. Bancorp claims 1863 as its founding date. Despite having started up in the midst of the Civil War, First National Bank of Cincinnati went on to survive many decades to grow into Star Bank . In January 1969, the U.S. National Bank of Oregon reorganized as a holding company , U. S. Bancorp, after receiving authorization from its bank directors on September 9, 1968 and subsequently receiving legal approval to proceed from
12998-482: The operations of such companies. This authority applies even though a bank owned by a holding company may be under the primary supervision of the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corporation . Becoming a bank holding company makes it easier for the firm to raise capital than as a traditional bank. The holding company can assume debt of shareholders on
13132-410: The organization of leadership in the U.S. Bancorp of Oregon occurred in January 1993. While retaining his position as chief operating officer, Edmund P. Jensen was appointed vice-chairman while giving his position of president to Kevin R. Kelly. At the same time, Gerry B. Cameron was appointed vice-chairman. Ten months later, Jensen resigned to become president of Visa Inc. In January 1994, Gerry Cameron
13266-454: The other nearby bodies of water and beaches. In the winter, the public has access to five ski resorts within a couple hours of the city. The closest of these is the Mt. Spokane Ski and Snowboard Park , which has trails for cross-country skiing, snowshoeing, snowmobiling, and dog sledding. Zoological parks in Spokane include Cat Tales Zoological Park , a wildlife sanctuary primarily for big cats and
13400-617: The pending acquisition of the Camas, Washington -based Heritage Bank for $ 2.8 million (~$ 6.6 million in 2023). In May 1987, U.S. Bancorp of Oregon announced the pending acquisition of the Seattle, Washington -based Peoples Bancorp with its Peoples National Bank subsidiary for $ 275 million (~$ 633 million in 2023) in stock. The acquisition was completed in December 1987. After the acquisition, Peoples and Old National were combined to form U.S. Bank of Washington. John Elorriaga retired as chairman of
13534-519: The pending acquisition of the 20 branch offices in Northern California and 29 branch offices in Nevada for $ 70 million (~$ 137 million in 2023) that were being divested by Bankamerica Corporation as a result of Bank of America's impending acquisition of Security Pacific Corporation . This acquisition gave U.S. Bancorp of Oregon its first presence in the state of Nevada. Another major change in
13668-543: The position of president to Davis while still retaining the titles of chairman and chief executive officer. Davis had been a protege of Grundhofer since their days together at Star Banc Corporation and had assisted in the takeover of Firstar by Star Banc in 1998 and the later acquisition of U.S. Bancorp by Firstar in 2001. U.S. Bancorp acquired Genpass along with its MoneyPass ATM network subsidiary for an undisclosed amount in May 2005. In November 2005, U.S. Bancorp announced that it
13802-406: The position of president to Heasley while still retaining the titles of chairman and chief executive officer. Heasley had assisted Grundhofer in turning the company around from near insolvency when the company was originally known as First Bank until it became a successful financial institution that became large enough to be absorb other banks, including U.S. Bancorp of Oregon in 1997. Heasley resigned
13936-494: The position to his younger brother Jerry Grundhofer, who added the title of chairman to his other positions of president and chief executive officer in the corporation. In May 2004, U.S. Bancorp announced that it was acquiring the $ 34 billion (~$ 52.6 billion in 2023) corporate trust bond administration business from National City Corporation . In October 2004, Richard K. Davis was appointed chief operating officer and president of U.S. Bancorp. Jerry Grundhofer had handed over
14070-664: The post was the headquarters of the fur trade between the Rocky and Cascade mountains for 16 years. After the latter business absorbed the North West Company in 1821, the major operations at the Spokane House were eventually shifted north to Fort Colville , reducing the post's significance. In 1836, Reverend Samuel Parker visited the area and reported that around 800 Native Americans were living in Spokane Falls. A medical mission
14204-471: The preferred option, and after successful negotiation to relocate the railroad facilities on Havermale Island, they executed on a proposal to host the first environmentally themed World's Fair in Expo '74 on May 4, becoming the smallest city at the time to host a World's Fair. This event transformed Spokane's downtown, removing a century of railroad infrastructure and re-inventing the urban core. After Expo '74,
14338-456: The rail line ran through Spokane on the way to the coast. The Inland Northwest region has also long been associated with farming, especially wheat production. Initially, the Palouse was thought to be unsuitable for wheat production due to the hilly terrain, believing wheat could not be cultivated on the tops of the hills, but the region showed great promise for wheat production when it began in
14472-409: The region due to its trade center status and accessibility to railroad infrastructure. Spokane's growth continued unabated until August 4, 1889, when a fire, now known as The Great Fire (not to be confused with the Great Fire of 1910 , which happened nearby), began just after 6:00 p.m., and destroyed the city's downtown commercial district. Due to technical problems with a pump station, there
14606-546: The region in 1873, recognized the value of the Spokane River and its falls for the purpose of water power. They realized the investment potential and bought the claims of 160 acres (65 ha) and the sawmill from Downing and Scranton for a total of $ 4,000. Glover and Matheney knew that the Northern Pacific Railroad Company had received a government charter to build a main line across this northern route . Amid many delays in construction and uncertainty over
14740-508: The same site, is 100 acres (40 ha) in downtown Spokane and the site of some of Spokane's largest events. The park has views of the Spokane Falls and holds a number of civic attractions, including a skyride, a rebuilt gondola lift that carries visitors across the falls from high above the river gorge. The park also includes the historic hand-carved Riverfront Park Looff carousel created in 1909 by Charles I. D. Looff . Riverfront Park
14874-790: The second-oldest continuous national charter, originally Charter #24, granted in 1863 following the passage of the National Bank Act . Earlier charters have expired as banks were closed or acquired, raising U.S. Bank's charter number from #24 to #2. The oldest national charter, originally granted to the First National Bank of Philadelphia , is held by Wells Fargo , which was obtained upon its merger with Wachovia . The U.S. Bank name first appeared as United States National Bank of Portland , established in Portland, Oregon , in 1891. In 1902, it merged with Ainsworth National Bank of Portland, but kept
15008-734: The services of the Olmsted Brothers to draw up a plan for Spokane's parks. Much of Spokane's park land was acquired by the city prior to World War I, establishing it early on as a leader among Western cities in the development of a citywide park system. Spokane has a system of over 87 parks totaling 4,100 acres (17 km ) and includes six neighborhood aquatic centers. Some of the most notable parks in Spokane's system are Riverfront Park , Manito Park and Botanical Gardens , Riverside State Park , Saint Michael's Mission State Park , John A. Finch Arboretum , High Bridge Park and Liberty Park . Riverfront Park, created after Expo '74 and occupying
15142-550: The shareholder number was 300), at which point the bank holding company is forced to register with the Securities and Exchange Commission . There are also added expenses of operating with an extra layer of administration. As a result of the 2007–2008 financial crisis , many traditional investment banks and finance corporations such as Goldman Sachs , Morgan Stanley , American Express , CIT Group and GMAC (now Ally Financial ) converted to bank holding companies to gain access to
15276-402: The start of World War II as aluminum production commenced in Spokane due to the area's cheap electricity (produced from regional dams) and the increased demand for airplanes. After decades of stagnation and slow growth, Spokane businessmen formed Spokane Unlimited in the early 1960s, an organization that sought to revitalize downtown Spokane. A recreation park showcasing the Spokane Falls was
15410-512: The state of Oregon by announcing in December 1986 the pending acquisition of the Spokane, Washington -based Old National Bancorp with its Old National Bank of Washington and First National Bank of Spokane subsidiaries for $ 174 million (~$ 410 million in 2023). The acquisition was completed in July 1987 on the first day that the state of Washington had allowed bank acquisitions by out-of-state companies. In December 1986, U.S. Bancorp of Oregon announced
15544-509: The states of Minnesota, Oregon, Washington, Colorado, California, Idaho, Nebraska, North Dakota, Nevada, South Dakota, Montana, Iowa, Illinois, Utah, Wisconsin, Kansas, and Wyoming. The acquisition was completed in December 1997. In March 1998, U.S. Bancorp announced the pending acquisition of the Vancouver, Washington -based Northwest Bancshares with its 10-branch offices Northwest National Bank subsidiary for an undisclosed amount. In October 1998,
15678-544: The summer, often exceeding 30 °F (17 °C), and small during the winter, with a range just above 10 °F (5.6 °C). The record high and low are 112 °F (44 °C) and −30 °F (−34 °C), but temperatures of more than 100 °F (38 °C) or less than −5 °F (−21 °C) are rare. Temperatures of 90 °F (32 °C)+ occur an average of 21 days annually, temperatures of 100 °F (38 °C)+ occur an average of only 1 day annually, and those at or below 0 °F (−18 °C) average 2.2 days
15812-457: The time of the announcement, Heart Federal Savings had 29 branch offices in northern California. The acquisition was completed in March 1991 for $ 118 million (~$ 235 million in 2023). In November 1991, Edmund P. Jensen was given the post of chief operating officer in addition to his duties as president, making him a possible successor to Breezley. In February 1992, U.S. Bancorp of Oregon announced
15946-552: The time of the announcement, U.S. Bancorp of Oregon had banking offices in Oregon, Washington, California, Idaho and Utah while First Bank System had banking offices in Minnesota, Colorado, Nebraska, North Dakota, South Dakota, Montana, Iowa, Illinois, Wisconsin, Kansas, and Wyoming. Under the terms of the acquisition, First Bank System was the nominal survivor, and the newly merged company was headquartered in Minneapolis. However, it took
16080-420: The time of the announcement, West One had branch offices in Idaho, Oregon, Washington, and Utah while U.S. Bancorp of Oregon had branch offices in Oregon, Washington, California, Idaho, and Nevada. The acquisition was completed in December 1995 and gave U.S. Bancorp of Oregon its first entry into the state of Utah. As part of the acquisition deal, West One's chairman and chief executive Daniel R. Nelson would become
16214-620: The title of chairman to his other positions of president and chief executive officer. In February 1999, U.S. Bancorp announced the pending acquisition of the San Diego -based Bank of Commerce with its 10 branch offices for $ 314 million (~$ 540 million in 2023) in stock. The acquisition was finalized in July 1999. r In May 1999, U.S. Bancorp announced the pending acquisition of the Newport Beach, California -based Western Bancorp with its Santa Monica Bank and Southern California Bank subsidiaries and
16348-552: Was Kirtland Kelsey Cutter . Self-taught, he came to Spokane in 1886, and began by designing "Chalet Hohenstein" for himself and other residences for his family, while also working as a bank teller. Other structures designed by Cutter include the Spokane Club, Washington Water Power Substation, Monroe Street Bridge (featured in the city seal), the Steam Plant , and the Davenport Hotel . Built in renaissance and Spanish Revival style,
16482-583: Was acquiring the $ 410 billion corporate trust and institutional custody businesses of Wachovia Corporation for $ 720 million in cash. In July 2006, U.S. Bancorp announced that it was acquiring the $ 123 billion (~$ 179 billion in 2023) municipal and corporate bond trustee business from SunTrust . In June 2006, U.S. Bancorp announced the pending acquisition of the Avon, Colorado -based Vail Banks Inc. with its WestStar Bank subsidiary and 23 locations for $ 98.6 million (~$ 143 million in 2023) in cash. The acquisition
16616-467: Was affected for years by the collapse of the Division Street Bridge early in the morning on December 15, 1915, which killed five people and injured over 20, but a new bridge was built (eventually replaced in 1994). The 1920 census showed a net increase of just 35 individuals, which actually indicates that thousands left the city when considering the natural growth rate of a population. Growth in
16750-488: Was completed in August 1990. This acquisition was one of the first of a thrift by a commercial bank in the nation since legislation permitting such takeovers went into effect. During the late 1980s, U.S. Bancorp of Oregon made several attempts to enter the state of Idaho by the acquisition of an existing Idaho-based bank, the only method then allowed under Idaho law, but failed when the price got too high. In March 1990, U.S. Bancorp of Oregon announced that they would establish
16884-594: Was completed in November 1988. In July 1988, U.S. Bancorp of Oregon announced the pending acquisition of the Auburn, Washington -based Western Independent Bancshares with its Auburn Valley Bank subsidiary for $ 4.25 million (~$ 9.45 million in 2023) in cash. In October 1989, U.S. Bancorp of Oregon announced the pending acquisition of the Sacramento, California -based Mother Lode Savings Bank with three branch offices for $ 5.3 million (~$ 11.3 million in 2023). The acquisition
17018-404: Was completed in October 2000. In October 2000, Firstar Corporation of Milwaukee, Wisconsin , announced the pending acquisition of U.S. Bancorp for $ 21 billion (~$ 35.3 billion in 2023) in stock. The merger was completed on February 27, 2001. While Firstar was the nominal survivor, the merged company took the U.S. Bancorp name and moved to old U.S. Bancorp's headquarters in Minneapolis. Under
17152-463: Was completed in September 2001. In July 2002, U.S. Bancorp announced the pending acquisition of all 57 retail banking branches of the San Mateo, California -based Bay View Bank from its Bay View Capital Corporation parent for $ 429 million (~$ 695 million in 2023). The acquisition was completed in November 2002. On New Years Day 2003, John Grundhofer retired as chairman of U.S. Bancorp and handed
17286-479: Was completed in September 2006. Bank holding company A bank holding company is a company that controls one or more banks , but does not necessarily engage in banking itself. The compound bancorp ( banc / bank + corp[oration] ) or bancorporation is often used to refer to these companies as well. In the United States, a bank holding company , as provided by the Bank Holding Company Act of 1956 ( 12 U.S.C. § 1841 et seq. ),
17420-432: Was elected as the first mayor of the city, with a Council of seven, S.G. Havermale, A.M. Cannon, Dr. L.H. Whitehouse, L.W. Rima, F.R. Moore, George A. Davis, and W.C. Gray, all serving without pay. The marketing campaigns of transportation companies with affordable fertile land to sell along their trade routes lured many settlers into the region they dubbed "Spokane Country". The 1883 discovery of gold, silver, and lead in
17554-569: Was established by Marcus and Narcissa Whitman to cater for Cayuse Indians and hikers of the Oregon Trail at Walla Walla in the south. After the Whitmans were killed by Indians in 1847, Reverend Cushing Eells established Whitman College in their memory, also setting up the first church in the Spokane area. In 1853, two years after the establishment of the Washington Territory,
17688-532: Was first appointed chief operating officer as a replacement to Jensen and later appointed chief executive officer just three weeks later. Kelly submitted his resignation as president in March 1994 and Breezley finally gave up the chairmanship to Cameron in April 1994. In May 1995, U.S. Bancorp of Oregon announced the pending acquisition of the Boise, Idaho -based West One Bancorp for $ 1.8 billion (~$ 3.29 billion in 2023). At
17822-401: Was no water pressure in the city when the fire started. In a desperate bid to starve the fire, firefighters began razing buildings with dynamite. Eventually, the winds and the fire died down; 32 blocks of Spokane's downtown core had been destroyed and one person was killed. Despite this catastrophe, and in part because of it, Spokane experienced a building boom. The downtown was rebuilt, and
17956-457: Was succeeded by John Elorriaga who was promoted to chairman and chief executive officer while Carl W. Mays Jr was named president in Elorriaga's place. A major change in the organization of leadership in the U.S. Bancorp of Oregon occurred in August 1983. Although Elorriaga remained as chairman and chief executive officer for the firm, Mays was appointed to the new position of executive assistant to
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