Laid off from U.S. Bank.
When U.S. Bank bought MUFG Union Bank, it committed to keeping every front-line branch employee and aimed about $900 million in savings at real estate, systems and back offices. Since the start of 2025, our tracker holds one U.S. Bank filing covering 36 jobs, in Frederick, Maryland.
At a glance
What's known about U.S. Bank severance and layoffs
- 36 jobs in Frederick, Maryland, May 2026 · Latest WARN filing
- One, covering 36 jobs · Filings in our tracker since 2025
- 31, counting Union Bank's own · All-time filings in our tracker
- About 70,000 · Employees, by U.S. Bank's count
- About $900 million pre-tax, said met in 2023 · Union Bank cost-savings target
Recent U.S. Bank layoffs
U.S. Bank filed a Maryland notice for 36 jobs in Frederick
In May 2026, U.S. Bank filed a notice with Maryland's labor department for 36 jobs at its 4527 Metropolitan Court facility in Frederick. The company expected the positions to go permanently, with the reduction beginning July 24 and ending in December, The Frederick News-Post reported, and the contact named in the notice declined to comment further.
Previous rounds
U.S. Bank layoff history
U.S. Bank counts about 70,000 employees and more than 2,000 branches in 26 states, and our WARN filing tracker holds one filing covering 36 jobs since the start of 2025, the Frederick, Maryland notice from May 2026. Across every year in the archive it holds 31, a count that takes in notices Union Bank filed under its own name before the sale. That's a short list for a bank this size.
The Union Bank purchase runs through much of that record. U.S. Bancorp agreed in September 2021 to pay about $8 billion for Union Bank's regional franchise in California, Washington and Oregon, a sale that left out its corporate and investment bank and certain middle and back office functions. U.S. Bank committed to retaining every Union Bank front-line branch employee, expected about $900 million in pre-tax cost savings from real estate consolidation, systems conversion and other back office efficiencies, and expected $1.2 billion in merger charges. The deal closed at the beginning of December 2022. In January 2024, chief executive Andy Cecere said the bank met the $900 million goal in 2023, and those fourth-quarter results carried $171 million of merger and integration charges. The reporting we track doesn't break either figure out by staffing.
Within days of the close, U.S. Bank announced the end of the wholesale mortgage business Union Bank had run, a kind of lending it had itself left in 2017, and kept funding loans through February 17, 2023. It said it told affected employees as soon as possible and didn't confirm whether layoffs would follow. Branches went next. U.S. Bank's own list of 2023 Union Bank closures names 46 branches, 41 of them in California and the rest in Washington and Oregon, every one closed on May 26, 2023, and American Banker reported, from S&P Global data, that U.S. Bancorp closed around 10% of its branches between January and October that year. Where the staff of those branches went isn't said anywhere in the reporting we track.
U.S. Bank's spokesperson said its 2023 mortgage layoffs were "not related to or specific to Union Bank." Ahead of second-quarter results that year, the bank laid off mortgage staff without giving a number, calling it "the difficult decision to reduce resources in certain roles aligned to areas of the business that continue to slow." In October 2019, a branch staffing overhaul was sized at less than 2% of 74,000 workers, eliminating or thinning roles such as teller coordinator and assistant branch manager. Cecere's memo said the jobs went "because customer behaviors have changed," and the bank planned new roles and a training program alongside the cuts.
If you're among the 36 in Frederick, this is a lousy spot to be in, and Maryland's law is the yardstick for your paperwork. Its Economic Stabilization Act reaches employers with 50 or more employees in the state, and they owe written warning no less than 60 days ahead of a covered reduction, exemptions aside. What goes to the state has to say whether the reduction is meant to be permanent and the date it begins, and every affected worker must be told as well, part-timers and anyone with under six months included. The state labor department also offers free Rapid Response services for any layoff, whatever its size, and Maryland's unemployment page covers the claim itself.
Severance is the blank spot. U.S. Bank declined to comment further on Frederick and gave no further details about its 2023 mortgage cuts, so neither statement hands you a package to measure an offer against. If you're offered one, get the terms and any plan they point to in writing, find the signing deadline, and read how severance agreements get negotiated before that date arrives.
Reporting on previous U.S. Bank layoff rounds
2026, Frederick, Maryland · About 36 positions at the 4527 Metropolitan Court facility, in a May 20 notice, with the reduction set to start July 24 and, as reported, finish in December.
The contact named in the notice declined to comment further, as reported.
2023, mortgage division · An undisclosed number of mortgage staff, laid off ahead of second-quarter results. A spokesperson said the cuts were "not related to or specific to Union Bank."
The spokesperson gave no further details, as reported.
2019, branch staffing · Less than 2% of 74,000 workers, thinning or eliminating branch roles such as teller coordinator and assistant branch manager, with no branch closures and no exact count.
The spokesperson gave no exact count, and the memo paired the cuts with new roles and a training program.
What to do after being laid off from U.S. Bank
- File for unemployment in the state where you worked. Benefits run from your filing date, and severance usually doesn't block you. U.S. Bank's biggest hubs: California, Maryland. Somewhere else? Every state is here.
- Apply for financial and hardship assistance. Unemployment supplements income, but food benefits, health coverage and utility help are often available as well. Here's some of what U.S. Bank's hub states run: California, Maryland, and every other state is here.
- Mind the health insurance window. Losing coverage opens a 60-day special enrollment period, and an ACA plan usually beats unsubsidized COBRA. Compare your options before the employer coverage lapses, and read how the COBRA clocks run if you are weighing it seriously.
- Get your real runway number. Severance plus savings divided by reality. The calculator takes five minutes.
- Know which clocks are already running. Severance review windows, COBRA election, visa grace periods, and 401(k) rollovers all run on federal deadlines that started at termination. All five deadlines are here.
U.S. Bank layoff and severance questions
Is U.S. Bank laying off employees in 2026?
The only 2026 cut on record is in Frederick, Maryland. U.S. Bank's May notice listed 36 employees at its Metropolitan Court facility, with the reduction set to run from July 24 into December, and the company declined further comment. No other U.S. Bank notice in our tracker is dated 2025 or later.
Did U.S. Bank lay off Union Bank employees after the merger?
The reporting we track gives no count of integration job cuts. U.S. Bank committed in 2021 to keep all of Union Bank's front-line branch employees, announced in December 2022 that it was ending the inherited wholesale mortgage business, without confirming layoffs, and dated 46 former Union Bank branch closures to May 26, 2023 in its own list. A spokesperson said the 2023 mortgage layoffs weren't related to Union Bank.
Does U.S. Bank give severance to laid-off employees?
U.S. Bank declined to comment further on the Frederick layoffs and gave no further details about its 2023 mortgage cuts, so neither statement describes a package. Get your own terms and the signing deadline in writing before you decide.
What notice does Maryland require before a layoff like the one in Frederick?
Maryland's Economic Stabilization Act makes employers with 50 or more employees in the state give at least 60 days' written warning before a qualifying reduction, with some exemptions. Closing a site, or part of one, qualifies when it removes at least 15 employees or a quarter of the staff, whichever number is larger, within any three-month stretch.
Where do I file for unemployment after being laid off from U.S. Bank?
In the state where you worked, not where the company is headquartered. U.S. Bank's biggest U.S. hubs are California, Maryland. Severance usually doesn't block you from filing, and benefits run from your filing date, so file the same week.
Is it OK to file for unemployment after a layoff at U.S. Bank?
Yes. Unemployment insurance is funded by payroll taxes employers pay on wages, the claim never appears on credit reports or background checks, and future employers cannot see it. If the hesitation itself is the obstacle, whether filing is OK has its own article.
What happens to my health insurance after a layoff at U.S. Bank?
Your plan sets the end date rather than the law, so the separation packet is where that date actually lives, and it is often the last day of the month rather than your last day of work. After coverage ends, COBRA lets you keep the identical plan by paying the whole premium yourself, up to 102 percent of what the plan really costs, which lands as several times the payroll deduction you were used to. You get 60 days to elect, counted from the later of coverage ending or the election notice arriving, and electing reaches the coverage back to the day the old plan stopped so no gap exists. How continuation coverage works walks the timing, and whether to take it rather than a marketplace plan is a separate decision.
Should I sign the severance agreement right away?
First pin down how much review time you actually have. If you're 40 or older, federal law gives you 21 days to consider an agreement that waives age claims, 45 in a group layoff, and a waiver signed under a shorter deadline can be invalid. If you're under 40, no federal window applies and the deadline in your packet may be real, so confirm it in writing and ask for more time if you need it. Use whatever window you have to read the release terms, especially non-disparagement and no-lawsuit clauses, and don't stall past a real deadline, because offers can be withdrawn.
Can I collect unemployment if I got severance from U.S. Bank?
Usually yes, though some states delay benefits until severance pay periods end, and lump sums are treated differently than salary continuation. Check your state's rules on our state benefit pages, and file immediately either way so your claim date is locked in.