MINNEAPOLIS, Mar 23, 2011 (BUSINESS WIRE) --
The U.S. Bancorp Foundation is donating $100,000 to the American Red
Cross to assist with disaster relief efforts in Japan. The funds will
help provide food, water, medical supplies and other services to victims
of the recent earthquake and tsunami. U.S. Bancorp is the parent company
of U.S. Bank.
"The tragedy in Japan is a time for all of us to do what we can to help
the victims," said Richard Davis, chairman, president and chief
executive officer of U.S. Bancorp. "In addition to the company's
commitment, the U.S. Bancorp Employee Matching Gift program will match
the next $100,000 given by U.S. Bancorp employees."
The company is encouraging all of its employees to make a contribution
and double their contribution, and is waiving its minimum one-year
employment requirement in order for employee donations to be matched by
the U.S. Bancorp Foundation for this effort.
U.S. Bancorp (NYSE: USB), with $308 billion in assets as of Dec. 31,
2010, is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,069 banking offices in
25 states and 5,310 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. Bancorp
Steve Dale, Media Relations, 612-303-0784
Amy Frantti, Media Relations, 612-303-0733