MINNEAPOLIS, Dec 15, 2003 (BUSINESS WIRE) -- The 2003 Minnesota Keystone
Program honored three companies, including U.S. Bancorp, at the annual Keystone
Recognition Luncheon at the Minneapolis Marriott City Center recently. U.S.
Bancorp received the Keystone Program's 2003 Super Star Award. The Minnesota
Keystone Program, sponsored by the Minneapolis Regional Chamber of Commerce, has
232 corporate members who contribute at least two percent, as mandated by the
program, of their pre-tax profits back to the community. Jerry Grundhofer,
chairman, president and chief executive officer of U.S. Bancorp, accepted the
award on behalf of the company.
The honored companies were selected based on employee size, number of years in
the Keystone Program and quality of their giving programs. U.S. Bancorp's Super
Star Award was designated for a company with more than 500 employees. The
Minneapolis-based company was recognized for its corporate citizenship including
grants from the U.S. Bancorp Foundation, employee volunteer programs and its
Back 2 Schools program, a $500,000 investment for Minnesota high schools. Under
this initiative, U.S. Bancorp will make up to 75 grants to teachers who have
created programs that enhance student learning; award cash to students who
demonstrate significant achievements in the arts, academics, community service,
leadership, and personal success; and financially contribute to the schools of
KARE 11's Athletes of the Week.
"U.S. Bancorp has been involved with the Keystone Program for over 20 years
because we recognize that by virtue of this award, and by example, Keystone
companies can influence others to join us," remarked Grundhofer. "We also are
involved because giving back to the communities we serve is a core value of U.
S. Bancorp, not only here in the Twin Cities and in Minnesota, but also in all
of the communities we serve across our 24 state footprint. Every company honored
as a Keystone winner in the past, every company large or small, owes its success
in large part to the economic well-being of our community, to an educated and
skilled workforce, to strong and healthy families and individuals, to the
intellectual and cultural enrichment provided by our arts organizations, to the
atmosphere of caring and support that surrounds all of our citizens, weak or
strong, young or old. However skilled we are at business, however competitive
our products and pricing, however accomplished our sales and marketing, none of
us succeeds in a vacuum."
Other honorees recognized by the Minnesota Keystone Program are Little &
Company, recipient of the Star Award for companies with less than 76 employees
and Reell Precision Manufacturing Corporation, recipient of the Shining Star
Award for a company with 76 to 500 employees.
U.S. Bancorp (NYSE:USB), with assets of $189 billion, is the 8th largest
financial services holding company in the United States. The company operates
2,201 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 at
SOURCE: U.S. Bancorp
CONTACT: U.S. Bancorp
Steve Dale, 612-303-0784
Amy Frantti, 612-303-0733
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SOURCE: U.S. Bancorp