MINNEAPOLIS, Jul 11, 2011 (BUSINESS WIRE) --
U.S. Bank is launching a program to help customers affected by the State
of Minnesota government shutdown.
The company will allow affected customers to skip one monthly payment on
most types of loans without incurring any late fees, penalties or impact
to their credit ratings. (Interest will continue to accrue on loans.)
The "Skip a Payment" program is available to existing U.S. Bank
customers as of June 30, 2011 in good standing (current on all of their
accounts) who have been affected by the State of Minnesota shutdown.
Eligible loans include installment loans for auto, recreational
vehicles, marine, manufactured houses, home equity installment loans, as
well as small business lines of credit and consumer credit cards. In
addition, U.S. Bank already offers loan payment forbearance programs on
home mortgages and private student loans for customers facing economic
To enroll in the "Skip a Payment" program, customers must call
U.S. Bank also has more information on other relief programs for
borrowers across the country who encounter economic hardship. Those
customers are encouraged to contact the bank at 1-800-US-BANKS.
About U.S. Bank
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. U.S. Bancorp and its employees are dedicated to
improving the communities they serve, for which the company earned the
2011 Spirit of America Award, the highest honor bestowed on a company by
United Way. Visit U.S. Bancorp on the web at www.usbank.com.
SOURCE: U.S. Bank
U.S. Bank Public Relations
Tom Joyce, 612-303-3167