Homeowners Eligible to Receive 3 Percent Interest Rate ReductionCINCINNATI, Feb 18, 2010 (BUSINESS WIRE) -- U.S. Bank has announced that it will partner with the Ohio Treasury to
offer the Energy Conservation for Ohioans (ECO-LINK) program to help
Ohioans save money as they make their homes more energy efficient. Ohio
homeowners are eligible to receive a 3 percent interest rate reduction
on qualifying bank loans for five years. They may also qualify for up to
$1,500 in federal tax credits and additional rebates.
Jim Schwab, U.S. Bank Cincinnati market president, said, "U.S. Bank is
excited to partner with the Ohio Treasury to provide the ECO-LINK
program to our customers, who can stop into any our 328 offices within
the state and discuss this great partnership. We are open for business
and ready to lend."
Lisa O'Brien, director of environmental affairs at U.S. Bank, added U.S.
Bank proudly supports green initiatives such as ECO-LINK. "This program
will help our customers conserve energy through more affordable
financing of the improvements to their homes. Customers may also benefit
from additional tax credits and rebates for qualifying energy efficient
upgrades, making it a great way for customers to save money while also
Treasurer Kevin Boyce said, "I am pleased that U.S. Bank will partner
with us to provide reduced-rate financing opportunities for Ohioans who
complete energy efficient projects on their homes. To date, we have 20
financial institutions who are offering this in 79 counties throughout
the state, but our goal is to expand it to all 88 counties. This
partnership will allow us to offer the residents in Cincinnati and
across the state the opportunity to conserve energy, reduce their
utility rates and spur job creation for Ohio."
To learn more about the ECO-Link program, visit: ecolink.ohio.gov,
call (800) 228-1102, or stop by any Ohio-based, U.S. Bank office.
The mission of the Ohio Treasury is to protect and invest state funds,
while providing innovative financial education and resources, empowering
Ohioans to make Smart Money Choices. To learn more about the Ohio
Treasury, visit: www.ohiotreasurer.org.
U.S. Bancorp (NYSE: USB), with $281 billion in assets as of Dec. 31,
2009, is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,015 banking offices in
25 states and 5,148 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 Media Relations
Lisa H. Clark, 608-877-7517
Ohio Treasury Media
Niel M. Jurist, 614-466-5341