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U.S. Bank Announces Plans to Bring More Than 1,100 Jobs to Kansas City Area
OVERLAND PARK, Kan., Dec 17, 2009 (BUSINESS WIRE) -- U.S. Bank plans to bring more than 1,100 new jobs to the Kansas City metropolitan area, starting in the second quarter of 2010 when U.S. Bank will open a new Service Center in Overland Park. The U.S. Bank Service Center will be located at 12800 Foster St.

"This new U.S. Bank Service Center illustrates our growth and commitment to the Kansas City metropolitan area in the form of new jobs and a new future for this existing facility, which previously housed another company," said Mark Jorgenson, president of U.S. Bank in Kansas City. "U.S. Bank selected the Kansas City area after an extensive national search. At the end of the day, U.S. Bank was excited and impressed with the labor quality in the Kansas City area, and we expect to draw top rate job applicants from the Kansas City metro. We are grateful for the support of the Overland Park City Council and Mayor, the Kansas City Area Development Council (KCADC) and the State of Kansas. The service center will provide good local jobs and will provide outstanding service to U.S. Bank customers."

The U.S. Bank Service Center in Overland Park will be one of the bank's largest service centers. U.S. Bank currently has service centers located in Cincinnati; Coeur d'Alene, Idaho; Denver; Fargo, N.D.; Milwaukee; Portland, Ore.; St. Louis; and St. Paul, Minn.

"This is an exciting day for Kansas," said Governor Mark Parkinson of Kansas. "U.S. Bank is a global leader that could have chosen to locate this facility anywhere in the country, but chose Kansas because of our pro-business policies and highly skilled workforce. These are the assets we will continue to protect as we find responsible solutions to our current economic challenges."

"This week has been just what the local economy needs - more jobs," said Carl Gerlach, Mayor of Overland Park. "Jobs are a crucial component of any successful community. In Overland Park, we are focused on bringing in new jobs. If we have high quality, good paying jobs, we will continue to be a destination for families and businesses, and remain a vibrant and prosperous city. U.S. Bank's selection of Overland Park for its customer service center brings more economic opportunity for residents and businesses. With more than 1,100 new jobs, Overland Park, Johnson County and metropolitan Kansas City all benefit. As Mayor, I want to thank Overland Park Economic Development Council, the Kansas Department of Commerce, KCP&L and the KCADC for their valuable partnership and assistance."

The hiring of new U.S. Bank employees for the new service center is planned to begin by the end of the second quarter of 2010. Additional new U.S. Bank employees completing various functions supporting numerous products will continue to be added throughout the remainder of the year. The new employees will be joined by 130 U.S. Bank Multi-Service Aviation employees who currently work at another location in Overland Park. Continued employment growth is projected to continue in the service center over the next four years or throughout 2013.

"It is rare to have the opportunity to compete for 1,100 new jobs even in the best of economic times," said Robert Marcusse, president and chief executive officer of the KCADC. "It was a pleasure to work with U.S. Bank and we are thrilled to welcome this new investment to the Kansas City region."

Additional employees from multiple lines of business within U.S. Bank will continue to move into the service center through the end of 2013. A total of 1,300 U.S. Bank employees will work inside the five-story, 185,178 square-foot service center. U.S. Bank will be the only company to occupy the building.

"The U.S. Bank decision to invest in Overland Park - and the metro community at-large - represents an extraordinary level of commitment to their operations and strategic market focus. We are very happy to have these jobs in our community, and we are confident that Overland Park's high quality workforce and location offerings will help them achieve their corporate goals," said Lavern Squier, senior vice president of economic development, Overland Park Chamber of Commerce.

U.S. Bank continues to work with the Overland Park City Council and the State of Kansas to conclude its efforts. In the coming months U.S. Bank will have more information on how people can apply for employment at www.usbank.com.

U.S. Bank operates 42 branches in the Kansas City metropolitan area, including a new branch in Liberty, Mo. U.S. Bancorp (NYSE: USB), with $265 billion in assets as of Sept. 30, 2009, is the parent company of U.S. Bank, the sixth largest commercial bank in the United States. The company operates 3,002 banking offices in 25 states and 5,170 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.

SOURCE: U.S. Bank

U.S. Bank
Steve Dale, Media Relations, 612-303-0784
Amy Frantti, Media Relations, 612-303-0733
"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.



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