CHICAGO, Jun 27, 2003 (BUSINESS WIRE) -- U.S. Bank (NYSE:USB) will move its
regional headquarters to the historic Rookery Building in center of Chicago's
financial community. U.S. Bank plans to consolidate various business lines
currently in several locations throughout Chicago, while continuing to keep its
downtown operations open at 30 North Michigan and the Wrigley Building.
By the first quarter of 2004, U.S. Bank will occupy space on the 2nd, 3rd and
4th floor of the Rookery at 209 South LaSalle Street, with a future U.S. Bank
retail location on the Street level of the Rookery.
Michael J. Clawson, U.S. Bank Chicago market president, said, "This is a grand
statement to our customers, prospects and associates. Our future Chicago
regional headquarters, just a short walk from the Board of Trade, truly projects
the status and quality of U.S. Bank and our employees. This move not only makes
economical sense, but also illustrates how important the Chicago market is to us
and the growth we have attained thus far. Also, the synergy of bringing our
business lines under one roof will go a long way in showcasing the strength of
our organization."
U.S. Bank has currently has 47 retail locations throughout the Chicago area,
including seven branches located inside Meijer stores in the western Chicago
suburbs.
U.S. Bancorp, 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 at
usbank.com.
SOURCE: U.S. Bank
CONTACT: U.S. Bank
Lisa Clark, 608/877-7517
888/437-8620 (pager)
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SOURCE: U.S. Bank
