SAN FRANCISCO--(BUSINESS WIRE)--Mar. 14, 2012--
U.S. Bank will honor On Lok, Inc., an organization that has provided
comprehensive medical and social services to Bay Area seniors for the
past 40 years. On Lok is the fifth recipient of U.S. Bank’s annual
“Shared Values Award,” which will be presented to the organization
during the U.S. Bank Economic Seminar on Thursday, March 15. The event
will take place at the Herbst Theatre and will include a presentation by
Stanford Economics Professor Nicholas Bloom at 5 p.m., followed by the
award presentation at 6 p.m.
The U.S. Bank Shared Values Award honors Bay Area organizations that
share U.S. Bank’s commitment to ethics, integrity, customer service and
community support. The organization will receive $25,000 as part of the
award. Past honorees have included the Boys & Girls Clubs and the Rogers
Family & Co. Trust.
“On Lok has been a leader in providing quality health care to seniors in
the Bay Area for decades,” said Michael Walker, president of U.S. Bank
in Northern California. “Their commitment to providing long-term care
programs, housing, activities and support to a growing number of seniors
in the Bay Area is highly commendable, and we are honored to shine a
light on the good work they do by honoring them with the U.S. Bank
Shared Values Award.”
On Lok is a nonprofit organization founded in the early 1970s by a group
of citizens concerned about the plight of elders and the lack of long
term care options in the community. Today, under the leadership of
Robert Edmondson, chief executive officer, On Lok has become a model for
other communities nationwide that are learning from the successes of its
programs and services, including: On Lok Lifeways, a
comprehensive health plan that provides full medical care and support
services to eligible seniors to enable them to live in their homes and
communities for as long as possible; 30th
Street Senior Center, a multipurpose senior center that provides
enriching activities and essential services to active seniors; and On
Lok Community Housing, which manages residential units for older
adults.
On Lok Lifeways’ pioneering efforts in the Bay Area led to the creation
of PACE – the Program of All-Inclusive Care for the Elderly – a model of
care delivery which has been replicated by 79 organizations in 32
states. Policy experts hail PACE as the “gold standard for geriatric
care” providing eligible participants all the services frail seniors
need to enable them to stay in their homes and avoid costly, impersonal
institutional care.
“On Lok is very appreciative of U.S. Bank for honoring us with the
Shared Values Award that recognizes our strong commitment to the people
we serve,” said Edmondson. “We are very proud to exemplify the shared
values of integrity, customer service and community involvement.”
U.S. Bank has 88 branches and more than 1,100 employees in the Greater
San Francisco Bay Area, with regional headquarters at 1 California
Street in downtown San Francisco. U.S. Bank is the official bank of the
San Francisco 49ers and supports numerous nonprofit organizations in the
region, including the Tenderloin Neighborhood Development Corporation,
Renaissance Entrepreneurship Center and East Bay Affordable Housing
Organization.
U.S. Bancorp (NYSE: USB), with $340 billion in assets as of Dec. 31,
2011, is the parent company of U.S. Bank, the fifth-largest commercial
bank in the United States. The company operates 3,085 banking offices in
25 states and 5,053 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 Media Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com
