MINNEAPOLIS, Jun 9, 2003 (BUSINESS WIRE) -- U.S. Bank today announced it will
invest nearly $500,000 in a new program called "Back to Schools" that is
designed to support teachers, high schools and students across Minnesota. This
program follows a long and strong tradition of U.S. Bank supporting Minnesota
high school students. In the past ten years, the bank has contributed more than
$3.5 million dollars in programs benefiting Minnesota high school students. This
new program represents an even greater level of annual support for area high
schools and enhances U.S. Bank's commitment to education.
Richard Davis, vice chairman of commercial and consumer banking for U.S.
Bancorp, commented, "There is no greater investment in the future of Minnesota
than investing in our young people. It is important that we recognize students
across the communities U.S. Bank serves for their positive achievements and
accomplishments. We also want to help those who do the most to help our
students--the teachers. As a result we have developed the Back to Schools
program that will help create or enhance partnerships with the schools in the
communities where U.S. Bank has branch offices."
Robert Schmidt, executive director, Minnesota Association of Secondary School
Principals, noted, "We support this move by U.S. Bank to place a larger emphasis
on education in Minnesota. At a time when resources for education are being
tested, this program will provide a positive impact that will help schools and
students across the state succeed."
The Back to Schools program will help teachers and students in the classroom and
students participating in extra curricular activities. Three new aspects of the
Back to Schools program will include:
The U.S. Bank Teacher's Edition -- This is a program that will award $500-$1,000
to teachers in U.S. Bank markets in Minnesota to fund projects designed to
enhance learning in the classroom. Teacher's Edition will fund between 50-75
programs submitted by teachers that might otherwise not have been possible
because of budget restraints.
Five Star Student Honor Roll -- This is a statewide program to recognize
students who excel in the academics, arts, community service, student leadership
and those who overcome challenges. Local school faculty, staff and students will
nominate individuals for this award, which will be announced three times during
the school year. As a result approximately 150 Minnesota students will be
recognized annually for what they do for their community and school. This will
include a monetary award of $250, certificates and special recognition in their
community. Also, two of the award winners during the year will be selected to
each receive a $10,000 scholarship from U.S. Bank.
Prep Athletes of the Week -- U.S. Bank will sponsor KARE-11 TV's "Athletes of
the Week" segment, which airs each Monday night during the 10 p.m. news program
for 40 weeks during the school year. Each Monday night during the school year a
male and female student athlete will be recognized for their accomplishments.
This program will include students from the KARE-11 TV viewing area, which is
composed of Minnesota and a portion of Northwestern Wisconsin.
U.S. Bank will also provide a grant of $250 to the high school of each weekly
winner, to help fund student services and activities.
As part of the Back to Schools program, an end of the year banquet will be
sponsored and hosted by U.S. Bank to recognize winners in the Five Star Student
Honor Roll, the U.S. Bank Prep Athletes of the Week and the U.S. Bank Teacher's
U.S. Bank has more than 130 branch office locations in Minnesota and it is the
goal of the Back to Schools program to positively impact local schools across
the state during the upcoming school year. In addition, the Back to Schools
program includes other U.S. Bank ventures such as sponsorship of the KMSP-TV
televised Minnesota high school tournaments, U.S. Bank employees serving as
mentors for students at various schools, and other programs that support and
promote education in the state.
U.S. Bancorp (NYSE:USB), with assets in excess of $182 billion, is the 8th
largest financial services holding company in the United States. The company
operates 2,200 banking offices and 4,582 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
SOURCE: U.S. Bank
CONTACT: U.S. Bank
Steve Dale, 612/303-0784
Teri Charest, 612/303-0732
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SOURCE: U.S. Bank