ESCONDIDO, Calif., Jul 28, 2003 (BUSINESS WIRE) -- U.S. Bank, home of the
third-largest in-store branch banking network in the United States, will expand
into San Diego County when it opens a new branch inside Albertsons located at
1509 East Valley Parkway in Escondido today (July 28).
The opening is the first U.S. Bank in-store location in San Diego and expands
the number of U.S. Bank offices in San Diego County to 26. Another U.S. Bank
in-store location is scheduled to open in Oceanside in August. U.S. Bank also
recently opened a branch in a Ralphs store in Murrieta, which led this wave of
southern California in-store openings.
"There are natural synergies between a grocery store and a bank. Our partnership
with Albertsons is a great way to reach out to busy people who like the
convenience of one-stop shopping," said Kathryn Busch, vice president and
district manager of U.S. Bank In-Store Banking in California and Arizona.
"Research shows that consumers bank 2.4 times per week and shop 2.6 times per
week, making shopping and banking in one trip more convenient."
U.S. Bank has 275 in-store locations in 19 states throughout the Midwest and
West. More than 200 of those locations are at Albertsons, Giant Eagle, Kroger,
Meijer or Winn Dixie.
The new location offers a full range of services and is open seven-days-a-week.
In addition to opening checking accounts, customers can conveniently transact
business on savings, CDs, IRAs and other investment opportunities, or get a loan
for a car, boat, home improvement or debt consolidation. ATM services and night
drop are also available.
Customers can also take comfort in knowing that U.S. Bank is home of the
exclusive Five Star Service Guarantee, meaning business will be efficient and
accurate or the bank will pay them and make it right.
U.S. Bancorp, with assets of $195 billion, is the 8th largest financial services
holding company in the United States. The company operates 2,199 banking offices
and 4,575 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
Teri Charest, 612/303-0732
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SOURCE: U.S. Bank
