U.S. Bancorp, the parent company of U.S. Bank, has entered into an agreement to acquire TravelBank, a San Francisco-based financial technology company that provides an all-in-one, technology-driven expense and travel management solution. TravelBank, according to an announcement, is easy to use for employees and helps businesses control and track expenses, automate processes, streamline approvals and reporting and ensure compliance with company policies. Shailesh Kotwal, vice chair of payment services at U.S. Bank, said that in partnering with TravelBank over the past year, the company has seen how effective the solution is in improving efficiencies for businesses. This acquisition, he said, “will allow us to significantly expand our client base and deliver even more value to our customers.” And Duke Chung, CEO of TravelBank, said the company was created to provide a single experience for expense reporting and travel management. “Our combined offering with U.S. Bank,” he said, “will be the most comprehensive expense, travel and payment management solution in the industry.”