MINNEAPOLIS--(BUSINESS WIRE)--Nov. 12, 2009--
U.S. Bank is pledging its support for its military employees through its
participation in the Employer Support of the Guard and Reserve (ESGR)
Statement of Support Program. The ESGR, a Department of Defense
organization, has created this program to inform and educate employers
about their rights and responsibilities toward employees who serve in
the National Guard and Reserve, and to recognize and reward employers
who go beyond the requirements of the law.
Richard Davis, chairman, president and chief executive officer for U.S.
Bank’s parent company, U.S. Bancorp (NYSE:USB), will sign the ESGR
statement on Friday, November 13, in the lobby of U.S. Bank’s
headquarters building, where he will be joined by Twin Cities-area
employees who are past and current members of the military.
Representatives from the ESGR will be in attendance as well, including
its national chairman, James Rebholz, Minnesota state chair Paul Monteen
and Minnesota executive director Jim Sullivan.
By signing the ESGR Statement of Support, U.S. Bank is demonstrating its
commitment to employees who serve in the armed forces. The statement is
a pledge that the company recognizes and enforces the Uniformed Services
Employment and Re-Employment Rights Act, that U.S. Bank managers and
supervisors will have the tools they need to effectively manage
employees who serve in the Guard and Reserve, and that it will support
service members and their families in peace, in crises and in war.
“We truly appreciate the sacrifices made by the hundreds of U.S. Bank
employees across the nation who serve our country in the armed forces,
and as an employer, it’s important that we clearly articulate our
commitment to those employees and their families,” said Davis. “Signing
the ESGR Statement of Support is one way we can do that, while also
showing our respect and gratitude for all they do to protect our
"Today, supportive employers are critical to maintaining the strength
and readiness of the nation's National Guard and Reserve units. I am
asking all of America's employers to review and amend their current
human resources policies to ensure compliance with the Uniformed
Services Employment and Reemployment Rights Act (USERRA)," said Rebholz.
"Many employers provide 'Above and Beyond' support with pay differential
to offset the loss of wages, and extension of health care benefits,
which complement coverage provided by the military, when their employees
In addition to the signing of the ESGR Statement of Support, U.S. Bank
has many recognition events planned to honor its military employees in
their local markets during the week of Veteran’s Day, and it also
provides numerous recognition programs and benefits throughout the year
for its employees who have served and currently serve in the armed
For example, Rick Hartnack, U.S. Bancorp’s vice chairman for consumer
banking, recently led a group of five U.S. Bank employees who
participated in a “Boss Lift” program, also sponsored by ESGR, to Camp
Ripley in Minnesota, where they spent the day seeing firsthand what it
is like to be a member of the National Guard and Reserve.
U.S. Bank also offers a special checking account program for customers
who are veterans or current members of the military.
U.S. Bancorp, with $265 billion in assets, is the parent company of U.S.
Bank, the 6th largest commercial bank in the United States. The company
operates 2,851 banking offices and 5,175 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
U.S. Bank Media Relations
Jennifer Wendt, 612-303-0731
Tom Bullock, 800-336-4590, ext. 537