NASHVILLE, Tenn., May 07, 2010 (BUSINESS WIRE) --U.S. Bank has developed a special relief package to support individuals,
families and businesses impacted by recent storms and flooding in the
Nashville area. Existing and new customers can apply for emergency small
business loans up to $25,000, or for low-interest auto, reduced
unsecured five-year loans, or special home equity credit line rates.
More than 50 automated teller machines are available for people to use
throughout the area.
Dedicated customer service representatives are available to assist
individuals and businesses that have been significantly affected and who
have suffered a loss. Impacted customers should stop by any U.S. Bank
office or call 888-444-BANK (2265). Small business customers can call
U.S. Bank at 800-673-3555.
"One of the great things about this company is our ability to be
flexible and accommodate the needs of our customers and communities that
are in a state of emergency," said Ward Wilson, the market president for
U.S. Bank in Nashville. "We will be reaching out to customers in many
ways and ask that if anyone has been displaced or is in need of
financial support to call us or stop by any of our U.S. Bank offices
U.S. Bank will be making a donation to the American Red Cross' flood
relief efforts. It is also supporting "Hands on Nashville," an
organization set up by the Mayor's office Emergency Management, to
facilitate volunteer clean up efforts in Davidson County. Donations can
be made to the Hands on Nashville fund at any U.S. Bank office.
U.S. Bank employees who were impacted by the floods have dedicated human
resource and employee assistance programs available to them providing
everything from financial assistance to stress counseling. U.S. Bank has
also empowered local managers to offer employees impacted by the flood
special dispensation to take care of their families or their
There are more than 600 employees across the state and more than 50 U.S.
Bank offices throughout Middle Tennessee. No U.S. Bank properties
incurred structural loss or damages. Four were temporarily closed just
after the flooding due to electricity loss, two traditional offices at
7612 US Highway 70 South and 150 4th Avenue North, and two
Publix in-store office locations at 4th Avenue North and
8028B Hwy 100 in Nashville, but all now have employees standing by to
U.S. Bank will employ its standard credit qualification procedures for
all loan requests in the flood assistance program. To participate,
consumers or small business owners should have proof of damage, such as
insurance forms, estimates of repair costs or other documentation, and
their most recent tax return. The small business loan will be available
as long as the loan is booked by June 30, 2010.
U.S. Bancorp (NYSE: USB), with $282 billion in assets as of March 31,
2010, 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 5,312 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. Bank
Steve Dale, 612-303-0784
Lisa H Clark, 608-877-7517