SAN DIEGO, Apr 07, 2010 (BUSINESS WIRE) --U.S. Bank has announced that it will purchase from the FDIC the building
that was formerly the headquarters of San Diego National Bank at 1420
Kettner Boulevard in downtown San Diego, preserving the iconic Wyland
whale mural on the side of the building and an important tie to the
community. San Diego National Bank was acquired by U.S. Bank on Oct. 30,
2009, though the headquarters building was not a part of the
FDIC-assisted transaction at that time.
"This is wonderful news for the community, and especially the employees
and customers who have come to U.S. Bank from San Diego National Bank,"
said Robert Horsman, regional chairman for U.S. Bank in San Diego and
former president and chief executive officer of San Diego National Bank.
"This building has a special place in many hearts, and the decision to
make this location a cornerstone of U.S. Bank's operations in San Diego
demonstrates a true blending of cultures as we move forward and create
new successes together."
U.S. Bank plans to increase utilization of the building's space as some
of its lines of business grow and plan to relocate there. U.S. Bank
currently occupies approximately 81,000 square feet. New U.S. Bank
signage will appear on the building at the time that the San Diego
National Bank conversion takes place.
The history of the Wyland whale mural dates back to 1981, the same year
San Diego National Bank went into business. That year, Wyland, an
internationally known environmental artist, began painting "Whaling
Walls" to create awareness - not only for the whales, but also for the
endangered oceans in which they live. Wyland's goal was to paint 100
Whaling Walls around the world. The mural he painted in 1994 at 1420
Kettner Boulevard was his 64th, and depicts five gray whales
migrating down the coast of California on their way to Mexico. The mural
is visible from the I-5 Freeway and from the planes that fly in and out
of San Diego International Airport.
About U.S. Bancorp
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 3,025 banking offices in
24 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 usbank.com.
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SOURCE: U.S. Bank
U.S. Bank Media Relations
Teri Charest, 612-303-0732