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U.S. Bank Announces Plans to Bring More Than 50 New Jobs to Bowling Green

BOWLING GREEN, Ky.--(BUSINESS WIRE)-- U.S. Bank plans to bring more than 50 new jobs to Bowling Green, starting in the first quarter of 2010 when U.S. Bank will renovate and expand its 3170 Louisville Road Mortgage Operations Center. It will bring the total number of U.S. Bank employees to more than 300 in the area, nearly 170 at the mortgage service center and 130 working at U.S. Bank’s 15 local branch offices.


"We're very pleased to partner with our colleagues at U.S. Bank Home Mortgage to expand an already significant employee base in the Bowling Green area," said Craig Browning, U.S. Bank regional president for South Central Kentucky. "This expanded U.S. Bank Service Center illustrates our growth and commitment to this area in the form of new jobs and a new future for this existing facility. Our region produces high quality and caring employees that we are most proud to be associated with in serving our customers. We wish to extend a special thanks to city, county, and Bowling Green Area Chamber of Commerce officials for their interest and contributions during our evaluation process."


Dan Prather, senior vice president of U.S. Bank Home Mortgage added, “We selected Bowling Green to grow our mortgage loan, servicing and production call center because we were excited and impressed with the labor quality in this community, and we expect to draw top rate job applicants from the community, including graduates of Western Kentucky University.”


Prather said that interested persons can apply online at usbank.com/careers.


“We congratulate U.S. Bank on the expansion of their existing mortgage call center here in Bowling Green,” said City of Bowling Green Mayor Elaine Walker. “We’re proud they saw our city as the best location for this expansion, and we thank them for their continued support of our community.”


“This is an exciting day for Bowling Green,” said Todd Davis, 2009 Board of Directors Chairman of the BG Area Chamber of Commerce. “U.S. Bank has made a commitment to this community through its work in bringing more high quality, good paying jobs with benefits. They chose to expand here because of our pro-business policies and highly skilled workforce. These are the assets we will continue to promote as we find responsible solutions to our current economic challenges.”


U.S. Bank also recently expanded its Owensboro mortgage service center, just 70 miles north, to accommodate up to 1,000 employees.


U.S. Bank, the sixth largest bank in the United States, operates 15 branches in the Bowling Green area and 35 branches in the south central Kentucky region. U.S. Bank is a subsidiary of U.S. Bancorp (NYSE: USB), with $265 billion in assets as of Sept. 30, 2009. 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.

"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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