U.S. Bank plans to expand its footprint in the Greater Des Moines area — and Iowa — and is reviewing where to add branch offices, an Iowa leader for the financial institution said.

“The whole west and northwest part of the Des Moines area is growing pretty rapidly right now,” said Amy Anderson-Vali, the financial institution’s branch marketing leader of Iowa. “We are looking at adding branches in the Des Moines area where the most growth is occurring.”

Decisions have not yet been made where new branches will be located, Anderson-Vali said. “But, as you can imagine, where the people are is where we need to be.”

U.S. Bank’s parent company is U.S. Bancorp., which is headquartered in Minneapolis. The company has 2,244 branches nationwide, 13 of which are in the Des Moines area and 48 in other parts of Iowa. The financial institution has 360,000 consumer customers and 20,000 business customers, Anderson-Vali said.

As of June 30, U.S. Bank had $9.4 billion in deposits in Iowa, or 7.54% of the market share, according to FDIC’s market share report. U.S. Bank had the largest market share in terms of deposits in Iowa, ahead of Principal Financial Group, whose market share was 6.56%, and Wells Fargo, with 6.44% of the deposit market share.

“We are very proud of the fact that we’ve grown [in Iowa] over the years,” Anderson-Vali said. “We have seen our [markets in Iowa] really see the benefits of being a national franchise and being part of an organization where we can work across the country to benefit our consumers everywhere.”

One example is the addition of a health care banking specialist, who is located in a U.S. Bank branch in Iowa City. The new health care vertical was launched in 2023 as a way to serve health care practice owners with a specialized group of banking professionals.

“These specialists know about the medical industry; they know how payments are made to medical professionals and how they manage cash flow,” Anderson-Vali said.

U.S. Bank has over 80 health care banking specialists across the country. The specialists work with health care practices with up to $25 million in annual revenue, according to a news release. Clients include medical, dental and veterinary practices, physician-owned medical and diagnostic laboratories and outpatient care centers.

“We saw a need for these banking specialists, and we believe this will help fill a need for those professionals’ deposit and lending needs,” Anderson-Vali said.