The economy is growing, businesses are opening up lines of credit and also US Bank plans to hire at least 2,000 more employees in 2015, Chief Executive Officer Richard Davis said Friday.

In an interview with Bloomberg Information in New York, Davis said Minneapolis-based U.S. Bancorp is hiring about 1,500 people in 2014 & will hire with around one more 3,000 by the end of 2015.

Many of the new positions will certainly be in compliance & audit as the company attempts to adhere to new financial policies, Davis said, & priority is offered to experts and also the long-lasting unemployed.

The long-lasting unemployed - those unemployment for six months or more - have suffered a pronounced hardship considering that the economic recession. US Bank is piloting a program to hire even more of them and also now companions with nonprofits and also government people to determine certain lasting unemployed people that could make good employees.

In the interview, Davis threw cool water on the concept of US Bancorp making big acquisitions in the near future.

‘I assume the risk of me receiving one more company's history and culture and also all those things that come along with it, that risk is higher than the incentive I may have by being bigger,’ Davis said.

US Bancorp's 3rd-quarter profit edged up to $1.47 billion, roughly according to investors' expectations, as lending growth assisted the company overcome the difficulty of low interest rates. The firm's 4th-quarter earnings report appears in January.

Davis said US Bank's clients are opening up lines of credit at a fast rate, which signifies they are positive about the future.

'Times are improving,' Davis said. 'Companies are taking actions to be prepared for the next opportunity.'

US Bank had 65,500 employees at the end of 2013, Davis said. The company will end 2014 with 67,000 employees, and also by the end of 2015 have either 69,000 or 70,000.

'I do not bring people on till I make sure that I could keep them all,' Davis told Bloomberg.