U.S. Bancorp: Buffett bank favorite gets bigger

U.S. Bancorp, a top holding of Warren Buffett's Berkshire Hathaway, is taking over a large failed bank. If the Oracle of Omaha is a fan, should you be buying? 

U.S. Bancorp is probably the biggest bank you've never heard of. But there are two reasons why you might want to start paying attention to it.

It is about to get bigger and it's also a favorite investment of some guy in Omaha whose name you probably do know: Warren Buffett.

On Friday, U.S. Bancorp agreed to buy the nine banks that were part of FBOP, a privately held multibank holding company that failed and was seized by the FDIC. Click here

Jan Hýsek