U.S. Bancorp to Add Safeway Branches
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U.S. Bancorp, the eighth-biggest U.S. bank by assets, will open 163 branches in Safeway Inc. stores, including Vons, in the next two years to increase the bank’s presence in California and Arizona.
The new outlets would boost U.S. Bancorp’s in-store branch network by one-third to 446, the bank said. Most of the branches will be in Sacramento, San Diego, San Francisco and Los Angeles. The remainder will be in Phoenix and Tucson.
U.S. Bancorp shares rose 22 cents to $24.12 on the NYSE.
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