U.S. Bank Home   Customer Service   Contact Us   Locations   Careers   About U.S. Bancorp   
U.S. Bank



Related Links
Careers at U.S. Bancorp
Community Relations
Corporate Governance
IR Tool Kit
Print PagePrint Page
E-mail PageE-mail Page
RSS FeedsRSS Feeds
IR ContactsIR Contacts

Printer Friendly Version View printer-friendly version
<< Back
U.S. Bank Ends SBA Fiscal Year with $525 Million in Volume, Moving up to Second Nationally with Continued Strength in Key Markets
Download PDF Click here for PDF

MINNEAPOLIS--(BUSINESS WIRE)--Oct. 23, 2012-- U.S. Bank, a decades-long supporter of small businesses through the U.S. Small Business Administration (SBA) lending program, ended the 2012 SBA fiscal year with $525 million in volume and 1,661 loans committed as the small business sector continues to strengthen. That makes U.S. Bank the second-largest SBA lender in the country for 2012, moving up from third place in 2011.

In terms of dollar volume, U.S. Bank ranked first in Kentucky and Tennessee, and was as one of the top ten lenders in 27 of the 29 SBA districts. U.S. Bank ranked first in the number of loans in Kansas City, Minnesota, Portland, Seattle/Spokane, St. Louis, and Tennessee, and ranked as one of the top ten lenders in 21 of the 29 SBA districts.

“This was a great year for SBA lending for U.S. Bank and for SBA lenders nationwide, second only to 2011 which was a record year,” said Julie Huston, president of U.S. Bank SBA Division. “We continue to see growth as small businesses seek capital to expand their business. U.S. Bank has been a strong advocate of these businesses for decades, not only through the SBA program but in providing small business owners with resources and tools to more efficiently run their business.”

Earlier this year, U.S. Bank introduced a website exclusively for small business owners called Connect (usbankconnect.com). The company also rolled out a charge card for businesses that combines the spending convenience of a card without annual fees or interest rates because the card is paid in full each month.

Small business owners provide their opinions on the economy and the state of their business in an annual survey conducted by U.S. Bank. The 2012 U.S. Bank Small Business Survey was conducted between March and April 2012 in the 25 states where U.S. Bank provides small business banking services. The full results of the 2012 U.S. Bank Small Business Surveyare available on Connect.

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $352 billion in assets as of Sept. 30, 2012, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,086 banking offices in 25 states and 5,080 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

Teri Charest, U.S. Bank Public Relations
(612) 303-0732, teri.charest@usbank.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. U.S. Bancorp does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.

This site is supported through the use of Microsoft Internet Explorer Browser, version 6.x or higher. Use of older or other browsers may cause pages to improperly display. We regret any inconvenience that this may cause.

Privacy Pledge   |   © 2010 U.S. Bancorp Site Map   |   Careers