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U.S. Bank Purchases Kroger Credit Portfolio

CINCINNATI — Kroger here said it would expand a strategic alliance with U.S. Bancorp, the Minneapolis banking firm that on Wednesday said it had purchased Kroger’s credit card portfolio from RBS Citizens.

CINCINNATI — Kroger here said it would expand a strategic alliance with U.S. Bancorp, the Minneapolis banking firm that on Wednesday said it had purchased Kroger’s credit card portfolio from RBS Citizens.

U.S. Bancorp, operator of U.S. Bank, said it would offer additional financial services to Kroger customers, including new payment systems. U.S. Bank currently operates nearly 192 in-store banks at Kroger stores.

Kroger, through its Kroger Personal Finance subsidiary, offers credit cards, gift cards and prepaid cards through partnerships from preferred providers.

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