SAN FRANCISCO, Feb 14, 2003 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)
San Francisco Bay Area residents will see more than 50 new U.S. Bank branches in
the region as the signs on Bay View Bank offices change to U.S. Bank the weekend
of Feb. 15-16.
The change is symbolic of the energy and enthusiasm that U.S. Bank brings to the
businesses, consumers and communities that Bay View served through the years,
and its commitment to continuing that legacy.
U.S. Bank now has 215 full-service branches and 278 ATMs in California. The
expansion gives U.S. Bank retail presence in San Francisco and increases its
presence in the Greater Bay Area to 75 branches, representing an increase in
market share from one to three percent.
The new U.S. Bank branch offices are located in: Aptos, Belmont, Benicia,
Burlingame, Campbell, Concord, Cupertino, Daly City, Danville, Fairfield, Foster
City, Fremont, Half Moon Bay, Lafayette, Los Altos, Los Gatos, Martinez, Menlo
Park, Mill Valley, Millbrae, Novato, Pacifica, Palo Alto, Pleasant Hill,
Pleasanton, Rohnert Park, San Anselmo, San Carlos, San Francisco, San Jose, San
Leandro, San Mateo, San Rafael, Santa Cruz, Santa Rosa, Sonoma, South San
Francisco, Sunnyvale, Vacaville, Vallejo and Walnut Creek.
The transaction, which closed in November 2002, included approximately $3
billion in retail and small business deposits and $376 million in selected
loans, including single-family residential mortgages, home equity loans and
small business loans. Customers will benefit from a broad range of products and
services, such as business and consumer credit cards, merchant services, a
robust small business offering, investments, insurance and comprehensive loan
opportunities for everything from mortgage and home equity to financing for
recreation vehicles, cars and boats.
"We're a big bank that thinks like a community bank," said Ole Larsen, senior
vice president for retail banking at U.S. Bank in northern California. "Our
retail branch network is designed to reflect the personality and distinct needs
of the community, while also bringing the breadth and depth of benefits that a
big bank can offer, such as Checking that Pays and our exclusive Five Star
U.S. Bank is part of U.S. Bancorp (NYSE:USB). With assets in excess of $180
billion, U.S. Bancorp 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. Visit U.S. Bancorp on the web at
CONTACT: U.S. Bank
Teri Charest, Media Relations, 612/303-0732
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SOURCE: U.S. Bank