What led to the raising of U.S. Bancorp's charter number from #24 to #2?
Bank Mergers and Closures
New Legislation
Company Growth
Bankruptcy
Answer
U.S. Bancorp's charter number was raised from #24 to #2 as earlier charters expired due to banks being closed or acquired. This makes U.S. Bancorp's charter the second-oldest continuous national charter.
U.S. Bancorp Quiz: How Much Do You Really Know About U.S. Bancorp?
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