GOLDEN, Colo., Feb 11, 2003 (BUSINESS WIRE) -- Pacifica Mountainsmith, LLC, has
selected U.S. Bank to be its financial services partner. U.S. Bank is providing
value-added products and services that assist Pacifica Mountainsmith in
achieving its financial and strategic objectives including a $2 million credit
facility and a full suite of treasury management products.
"We are quite pleased with U.S. Bank. They have demonstrated creativity,
flexibility and responsiveness in crafting a financing solution that puts us in
a position to succeed," said Bob Hutmacher, chief financial officer for Pacifica
Mountainsmith. "They treat us like a valued customer, and we feel confident that
the line of credit and other services and products they are providing will help
our company continue to grow."
"We are delighted that Pacifica Mountainsmith has chosen U.S. Bank to be its
financial services partner," said Daniel Yohannes, vice chairman of U.S. Bancorp
and market president for U.S. Bank in Denver. "This client has a long history of
producing high quality outdoor gear for professional mountaineers and outdoor
enthusiasts. We are confident that we will make a tangible contribution to
Pacifica Mountainsmith's growth and profit generation."
Based in Golden, Colorado, Pacifica Mountainsmith, LLC designs, sources and
markets outdoor and travel gear, luggage and luggage accessories under the brand
names of Mountainsmith and 105 Meridian, and for private label accounts. The
Mountainsmith and 105 Meridian brands were established in 1979 and 1991,
respectively. Branded products are sold through specialty retailers and sporting
goods stores nationwide. Private label products are sold through traditional and
catalog retailers nationwide. Visit Pacifica Mountainsmith on the web at
U.S. Bancorp (NYSE: USB), with assets in excess of $180 billion, is the 8th
largest financial services holding company in the United States. The company
operates 2,142 banking offices and 4,604 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
Amy Frantti, 612/303-0733
Pacifica Mountainsmith, LLC
Karen Wieser, 303/279-5930
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SOURCE: U.S. Bancorp