COVINA, Calif., Mar 27, 2003 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)
Bozzani Motors, a prominent Volkswagen and Volvo dealership in southern
California, has chosen U.S. Bank to provide a number of financial services. A
specialist in commercial dealer relationships, U.S. Bank will handle the
dealership's deposit accounts and a credit line. The bank will also provide
merchant and treasury management services that will make the company's financial
operation more efficient and cost effective.
"We were looking for a financial services partner that could provide a wide
range of services to both our clients and ourselves," said Greg Bozzani, general
manager Bozzani Motors. "The people at U.S. Bank demonstrated that they can
deliver a full service banking relationship, with a strong reputation, which was
key in our decision to bring our business to U.S. Bank."
"Our new business involvement with this marquee name in the industry
demonstrates our commitment to Covina and to building long term relationships
with Covina businesses," said Terry Owens, Vice President of Dealer Commercial
Services at U.S. Bank in Orange County.
Founded in 1962, Bozzani Motors has more than 85 years in the automobile
industry. With sales in excess of $50 million, Bozzani Motors is the operator of
two automobile dealerships - Bozzani Volkswagen and Bozzani Volvo. In addition
to automobiles, Bozzani Motors provides a state-of-the-art service department
providing professional trained mechanics and quality customer service.
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 Media Relations
Karen Greenwood, 612/303-0731
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SOURCE: U.S. Bank