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BLOOMINGTON, Ill. and MINNEAPOLIS /PRNewswire/ — State Farm, America’s biggest home and casualty insurance carrier, and U.S. Bank, the nation’s fifth biggest commercial bank, today announced a strategic alliance whereby U.S. Bank will assume State Farm Bank’s current deposit and bank card records and State Farm agents could have the initial opportunity and tools to introduce U.S. Bank deposit items and co-branded bank cards to State Farm clients. This alliance will gain State Farm clients, providing them brand brand new, effortless techniques to handle their banking requirements.
The alliance is component of a wider strategy by State Farm to leave banking operations. As well as presuming State Farm Bank’s current deposit and charge card records, the 2 businesses are checking out working together to present State Farm clients with usage of car loans and company banking items. Continue reading “State Farm and U.S. Bank Announce Strategic Alliance to create U.S. Bank services and products to State Farm clients”