MINNEAPOLIS--(BUSINESS WIRE)--Jul. 2, 2009--
U.S. Bank, N.A., will accept from current customers registered warrants
issued by the State of California for a limited time starting on July 2,
2009 and ending no later than July 10, 2009. The warrants will only be
accepted for deposit into a U.S. Bank account. U.S. Bank has 559 offices
“These are unprecedented times that require extraordinary support for
our customers. As a result of these circumstances, we will accept these
registered warrants for a limited time with the expectation that the
state’s budget issues are resolved in the near future,” said Joseph
Otting, vice chairman of commercial banking at U.S. Bancorp who is based
in Los Angeles.
This accommodation for clients will not include correspondent banks,
money service businesses or any client engaged in purchasing or
consolidating registered warrants for deposit.
U.S. Bank is the 6th largest bank in California by deposits,
and 4th largest by branches.
U.S. Bancorp (NYSE: USB), with $264 billion in assets, is the parent
company of U.S. Bank, the 6th largest commercial bank in the
United States. The company operates 2,847 banking offices and 5,183 ATMs
in 24 states, 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 usbank.com.
Source: U.S. Bank
Steve Dale, 612-303-0784