CHICAGO--(BUSINESS WIRE)--Sept. 25, 2007--U.S. Bank announced
today that it will relocate its wholesale foreign exchange trading
desk to Chicago from its current Minneapolis location on October 1,
2007 and will be available for customers 24 hours a day, 6 days a week
when the world markets are open by calling 866-447-3166.
"When the markets are open around the world, we will be here
around the clock to assist our customers with their foreign exchange
needs," said Peter J. Thompson, senior vice president of U.S. Bank's
Foreign Exchange Department. He added that U.S. Bank recruited locally
from the broad base of talented financial professionals to hire
additional staff for its new Chicago center, which will be located at
550 West Washington Boulevard, not far from U.S. Bank's regional
headquarters in the Rookery Building at 209 S. LaSalle.
Daniel H. Reisner, U.S. Bank Chicago region president, added,
"Relocating our global foreign exchange activities to Chicago is
emblematic of both U.S. Bank's growth worldwide and to our ongoing
commitment to the vibrance of the Chicagoland region."
U.S. Bank currently operates eight foreign exchange centers in
Chicago, Minneapolis, Milwaukee, St. Louis, Cincinnati, Seattle,
Portland and Los Angeles.
U.S. Bank has 50 full-service branches in the Chicago area and
each offers a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Minneapolis-based U.S. Bancorp
(NYSE:USB), with $223 billion in assets, is the parent company of U.S.
Bank, the sixth largest commercial bank in the United States. The
company operates 2,499 banking offices and 4,867 ATMs throughout
America. Visit U.S. Bancorp on the web at www.usbank.com.
CONTACT: U.S. Bank
Lisa Clark, 608-877-7517
SOURCE: U.S. Bank