OAKLAND, Calif.--(BUSINESS WIRE)--May. 15, 2013--
Bank will make a charitable contribution of $100,000 to Girls
Incorporated of Alameda County for the general operation of
Simpson Center for Girls. Opening in July in downtown Oakland, the
center will offer year-round academic achievement and skills building
programs for girls ages 5 to 18 in the San Francisco East Bay.
“We’re proud to support an organization that helps girls constantly
improve and achieve their potential,” said Michael Walker, market
president for U.S. Bank. “When you invest time and resources into
raising strong and smart young women, those young women invest in and
enrich our communities. That’s a great return on investment in our mind.”
U.S. Bank has committed more than $5 million in tax credit equity
financing through its subsidiary, U.S.
Bancorp Community Development Corporation, in support of the
organization’s renovation of a historic building, which will become its
regional headquarters. The new Simpson Center for Girls will be
Alameda County’s first and only resource center for girls and will allow
the organization to increase the number of girls served in the region by
For the past 20 years, Girls Inc. of Alameda County has operated from a
13,500 square-foot building in San Leandro, which serves as both a
program center for girls and a workplace for staff. In 2012, the
nonprofit served over 7,000 girls and their families in Alameda County.
However, the small and aging building has been a barrier to effectively
responding to the increasing demand for the nonprofit’s critical
“Girls Incorporated of Alameda County has been creating ripples in the
community, one girl at a time, since 1958,” said Linda Boessenecker, CEO
of Girls Inc. of Alameda County. “With U.S. Bank’s support, we’ll be
able to continue to promote academic success, healthy lifestyles and
self-confidence in girls, better positioning them for future success.”
Last year, U.S.
Bancorp Foundation also presented the organization a grant for its
Eureka! Teen Leadership Program, which provide hands-on achievement
opportunities in science, technology, engineering, math and college
career preparation for 180 girls in the community.
U.S. Bank’s support of Girls Inc. of Alameda County is representative of
its larger commitment to the city of Oakland and the Bay Area. During
2012, U.S. Bank extended more than $223.2 million in community
development loans and more than $59.9 million in investments throughout
the Greater Bay area.
About Girls Incorporated of Alameda County
Incorporated of Alameda County is one of 90 affiliates of the national
Girls Inc., the country’s leading voice for girls. Since 1958, Girls
Inc. has responded to the unique needs of girls in underserved
communities of San Francisco’s East Bay through a continuum of academic
achievement programs and counseling services. Programs challenge girls
to explore their potential, develop life skills, ensure college and
career success, and expand their sense of what is possible. With an
innovative educational approach incorporating local needs into
research-based curricula, Girls Inc. has established itself as the Bay
Area’s leading provider of supplemental education, reaching over 7,000
girls, family members and clients annually. For more information, visit girlsinc-alameda.org.
About U.S. Bancorp Community Development Corporation
more than $10.9 billion in assets as of March 31, 2013, U.S. Bancorp
Community Development Corporation, a subsidiary of U.S. Bank, provides
innovative financing solutions for community development projects across
the country using state and federally sponsored tax credit programs.
USBCDC's commitments provide capital investment to areas that need it
the most and have contributed to the creation of new jobs, the
rehabilitation of historic buildings, the construction of needed
affordable and market-rate homes, the development of renewable energy
facilities, and the generation of commercial economic activity in
underserved communities. Visit USBCDC on the web at www.usbank.com/cdc.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $355
billion in assets as of March 31, 2013, is the parent company of U.S.
Bank, the 5th largest commercial bank in the United States. The company
operates 3,080 banking offices in 25 states and 5,056 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. Bank
U.S. Bank Public Relations
Teri Charest, 612-303-0732
Inc. of Alameda County
Kirsten T. Melton, 510-357-5515