MINNEAPOLIS -- (Business Wire)
U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, has committed
$250,000 to the American Red Cross Disaster Responder Program to aid
those on the East Coast who are working to recover from the devastation
caused by Hurricane Sandy.
U.S. Bank is also encouraging employees to use the matching gift program
from the U.S. Bancorp Foundation to double the impact of any
contributions they make to the American Red Cross or other nonprofit
relief agencies.
“The damage caused by Hurricane Sandy is heartbreaking,” said Richard
Davis, chairman, president and chief executive officer of U.S. Bancorp.
“Our thoughts and prayers are with all the victims of this terrible
storm, and those who are struggling to recover. U.S. Bank and our
employees hope our contributions will help our neighbors on the East
Coast get back on their feet.”
In addition to the contributions, U.S. Bank is waiving late charges and
offering credit bureau protection for mortgage customers whose homes or
workplaces have been affected, and will also work with impacted mortgage
customers on payment options. U.S. Bank is also waiving late, over limit
and annual fees for U.S. Bank and Elan cardholders located in the
affected areas.
U.S. Bancorp, with $352 billion in assets as of Sept. 30, 2012, is the
parent company of U.S. Bank, the 5th largest commercial bank in the
United States. The company operates 3,086 banking offices in 25 states
and 5,080 ATMs and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. U.S. Bancorp and its employees
are dedicated to improving the communities they serve, for which the
company earned the 2011 Spirit of America Award, the highest honor
bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.
Contacts:
U.S. Bancorp
Teri Charest, 612-303-0732
U.S. Bank
Public Relations
teri.charest@usbank.com
Source: U.S. Bancorp
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