SAN DIEGO, Dec 12, 2003 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)
David Bartram, president of U.S. Bank SBA Division, has been re-elected to the
Board of Directors of the National Association of Government Guaranteed Lenders
(NAGGL) for 2004.
NAGGL is a national trade association that serves approximately 580 banks,
non-bank lenders and other firms that utilize the Small Business Administration
(SBA) 7-a small business lending program. Additionally, Bartram will continue
his service as vice chair of NAGGL's Governmental Relations committee.
During his 11 years on NAGGL's board, Bartram has implemented an extensive and
comprehensive grassroots governmental relations program that involves many U.S.
Bank employees and those of other lenders as well. The effort resulted in
increased awareness of the benefits of the 7-a program among United States
elected representatives and other policy makers during 2003.
"SBA loans are an increasingly important part of what U.S. Bank offers our small
business customers and David Bartram's national leadership in this industry is
very valuable, not only to U.S. Bank, but to small businesses everywhere," said
Kent Stone, executive vice president of small business at U.S. Bank. "We're
proud of David, proud of his accomplishments and the great work that's done by
his SBA team every day," Stone added.
Through its SBA Division, U.S. Bank is one the nation's leading SBA lenders,
having provided $535.9 billion in SBA loans to 1,793 small businesses nationwide
during the SBA's fiscal year 2003. U.S. Bank SBA Division, which is based in San
Diego, operates 27 SBA Business Centers serving 24 states.
U.S. Bancorp (NYSE:USB), with assets in excess of $189 billion, is the 8th
largest financial services holding company in the United States. The company
operates 2,101 banking offices and 4,506 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
Brian Butler, 858-536-4545 x204
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SOURCE: U.S. Bank