SAN DIEGO, Jan 13, 2003 (BUSINESS WIRE) -- Five Star Parking, an operator of
parking lots nationwide, has chosen U.S. Bank, home of the exclusive Five Star
Service Guarantee, to provide deposit and treasury management services to its
San Diego operation.
Five Star Parking is the fifth-largest parking company in America and the second
largest in San Diego. Founded in Los Angeles in 1981, the company began
operations in San Diego in 1992 and has grown at a record pace locally to
include 57 locations, 500 employees and more than $11 million in annual
revenues. Major locations include the Las Americas Factory Outlet, Park Shuttle
& Fly, Parking Place, City Front Terrace and Columbia Garage.
Five Star Parking provides five key business services: parking management, hotel
and residential valet, land acquisition, development consulting and parking
garage development. Notable locations nationally include LAX, LaGuardia and JFK
airports, the Academy Awards, Music Center, Disney Center and more.
"Making the move to U.S. Bank has been a smooth transition for us," said Paul
Chacon, general partner, Five Star Parking. "For the past ten years we banked at
another institution in downtown San Diego and never realized there was so much
more that we could expect from our banker. At U.S. Bank, we've been welcomed
enthusiastically and treated like we're the biggest parking operator in the
"We're pleased to have among our clients those who share our commitment to
providing customers with 'five star service' be it in parking facilities or the
financial services industry," said Josephine Bennett, vice president of
commercial banking at U.S. Bank. "We look forward to providing them with the
same high-quality service, backed by our exclusive Five Star Service Guarantee,
as they provide to their clients."
U.S. Bancorp (NYSE:USB), with assets in excess of $174 billion, is the 8th
largest financial services holding company in the United States. The company
operates 2,133 banking offices and 4,680 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 is
home of the Five Star Service Guarantee which assures customers of certain key
banking benefits and services or customers will be paid for their inconvenience.
U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web
CONTACT: U.S. Bank Media Relations
Teri Charest, 612/303-0732
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SOURCE: U.S. Bank