MINNEAPOLIS, Apr 21, 2011 (BUSINESS WIRE) --
With Earth Day around the corner on April 22, U.S. Bank is encouraging
everyone to switch over to electronic bills, statements and payments. By
doing so, the average household can avoid wasting 6.6 pounds of paper
annually, preserving about 20 square feet of forest land as a result.
You can calculate your financial paper footprint and learn how to go
paperless by going to PayItGreen.org,
an organization for which U.S. Bank was a founding member.
U.S. Bank is not just creating opportunities for others to make changes.
It is continually evolving its own business practices to become more
energy efficient as part of its Environmental Sustainability Policy, and
was designated by the Environmental Protection Agency as an ENERGY STAR(R)
In acknowledgement of its efforts, U.S. Bank was recently recognized as
one of America's Greenest Banks by Bank Technology News. It's
currently in the process of upgrading more than 87,000 computer hardware
devices to more energy efficient equipment throughout its 3,050 regional
branches, in-store and customer support facilities across 25 states. In
addition, it is collecting energy and environmental data on U.S.
Bank-owned sites to pinpoint areas for further energy reductions. It
also recently built new branches to LEED-compliant specifications in
Oregon, Wisconsin, California, Illinois, Minnesota, Tennessee, Missouri
and Nebraska, and earlier this month, turned off its lights at U.S. Bank
regional corporate offices throughout the country in support of Earth
For customers, U.S. Bank was the first major bank to introduce an auto
loan that offers a half-percent rate reduction for "Smart Way" vehicles
certified by the EPA as environmentally-friendly. Customers are also
rewarded with the best loan rates if their payments are automatically
deducted from their checking account. Additionally, by year-end 2010,
U.S. Bank had invested more than $2 billion in
environmentally-beneficial business opportunities such as renewable
energy, and LEED-certified commercial real estate.
Lisa O'Brien, senior vice president and director of environmental
affairs at U.S. Bank, says, "Our work is ongoing as we strive to
integrate green behaviors into our daily work practices, products and
services." She said many U.S. Bank employees are engaged in going green
and are taking part in environmental training, cleanup and tree planting
projects U.S. Bank has scheduled in support of Earth Day.
U.S. Bancorp (NYSE: USB), with $311 billion in assets as of March 31,
2011, is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,082 banking offices in
25 states and 5,238 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
Lisa Clark, 608-877-7517