U.S. Bank Waives Remittance Fees on Money Transfers to HaitiMINNEAPOLIS, Jan 15, 2010 (BUSINESS WIRE) -- In response to the devastating earthquake that occurred in Haiti on January 12th, U.S. Bank is contributing $100,000 to the American Red Cross in support of its efforts to bring much-needed food, water, medical supplies and other services to victims.
Richard K. Davis, chairman, president and chief executive officer of U. S. Bancorp stated, "The recent earthquake in Haiti has caused unprecedented devastation and tragic loss of life, and at U.S. Bank we understand how important it is for us to step up and provide financial assistance in support of the relief efforts. Many people here in the United States - including U.S. Bank's customers and employees - are concerned about the situation in Haiti, and our thoughts and support are directed to everyone impacted."
U.S. Bank will also refund fees for remittances to Haiti made by U.S. Bank retail customers from any U.S. Bank branch. The fee-free money transfers will be available now through February 28, 2010, to support relief efforts for victims of the earthquake.
Additionally, the U.S. Bancorp Foundation matches employee contributions made to eligible charities located in the United States, and it is encouraging the 60,000 U.S. Bank employees to make a donation and double their contribution.
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 usbank.com.
SOURCE: U.S. Bancorp
U.S. Bank Media Relations
Steve Dale, 612-303-0784