SANTA BARBARA, Calif. - U.S. Bancorp wants to expand its California presence in a big way by gobbling up community banks.

Speaking at the bank presidents convention of the California Bankers Association last weekend, U.S. Bancorp's president and chief operating officer, Philip G. Heasley, said he wants his company to become at least the third-largest bank in the state. It currently ranks eighth there in deposit share, well behind Bank of America Corp., Wells Fargo & Co., and Washington Mutual Inc.

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