U.S. Bank Home   Customer Service   Contact Us   Locations   Careers   About U.S. Bancorp   
U.S. Bank

Search
 
About



About



Related Links
Careers at U.S. Bancorp
Community Relations
Corporate Governance
Resources
IR Tool Kit
Print PagePrint Page
E-mail PageE-mail Page
RSS FeedsRSS Feeds
IR ContactsIR Contacts


Printer Friendly Version View printer-friendly version
<< Back
U.S. Bank Invests $750,000 in Forward Community Investments to Assist with Affordable House and Services in Wisconsin

MADISON, Wis.--(BUSINESS WIRE)--Sept. 26, 2007--U.S. Bank will give $750,000 in program-related investments to Forward Community Investments to spur the development of affordable housing and community facilities throughout Wisconsin.

According to Travis Evans, U.S. Bank vice president of community development, Forward Community Investments (formerly The Dane Fund) will use the capital to provide below-market rate loans to community-based organizations and community development projects that improve services to low- and moderate-income individuals living and working in economically challenged neighborhoods in urban and rural Wisconsin.

"We are very proud to partner with FCI to help make affordable housing a reality in Wisconsin and to provide a creative financial vehicle for community projects that promote economic self-sufficiency and stabilize low-income neighborhoods," said Scott Lockard, U.S. Bank Madison market president.

Salli Martyniak, president of Forward Community Investments, said, "We thank U.S. Bank as these funds will go a long way in helping to provide and sustain affordable housing and promote neighborhood revitalization efforts and services currently taking place throughout Wisconsin."

Since it was established in 1994, Forward Community Investments, a nonprofit loan fund, has disbursed more than $10 million to eligible nonprofits in Dane County and statewide beginning in 2005. In 2006 alone, FCI closed loans totaling more than $3 million; these loans leveraged an additional $9.5 million in public and private sector capital; created 132 affordable housing units; resulted in the addition of 33 new jobs and developed more than 36,000 square feet of nonprofit facility space. In all, more than 25,000 low-income individuals have benefited from the services Forward Community Investments has provided to community-based organizations.

U.S. Bancorp (NYSE:USB), with $223 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,499 banking offices and 4,867 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

CONTACT:
U.S. Bank
Lisa H .Clark, Media Relations, 608-877-7517

SOURCE: U.S. Bank

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. U.S. Bancorp does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.

This site is supported through the use of Microsoft Internet Explorer Browser, version 6.x or higher. Use of older or other browsers may cause pages to improperly display. We regret any inconvenience that this may cause.





Privacy Pledge   |   © 2010 U.S. Bancorp Site Map   |   Careers