LOS ANGELES, Feb 27, 2004 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)
A helicopter will hover over the Los Angeles skyline on Saturday morning (Feb.
28) and it will have nothing to do with movie stars or a red carpet. That's
because crews will be installing the U.S. Bank sign atop the former Library
Tower, now U.S. Bank Tower.
Weather permitting, the installation will begin at 8 a.m. when a helicopter
carries the first letter to the top of the building. Crews will begin
preparations on the street at 5 a.m. so a portion of 5th Street will be blocked
for the duration of the installation, which should be complete by the end of the
"U.S. Bank is committed to downtown Los Angeles and happy to call the city home
to our western region headquarters," said Jerry A. Grundhofer, chairman,
president and chief executive officer of U.S. Bancorp, parent company of U.S.
Bank. "Placing our name on the Los Angeles skyline demonstrates our commitment
to this great city and we are pleased to have the opportunity to showcase U.S.
Bank in front of more than five million people daily as they travel to and from
"At 1,107 feet, the 73-story U.S. Bank Tower is architecturally significant and
a masterpiece on the L.A. skyline," said Robert F. Maguire III, chairman and
co-chief executive officer of Maguire Properties. "The building was designed by
internationally renowned Pei, Cobb Freed and Partners and we gave careful
consideration to the building aesthetics and ensured the design was well within
the Bunker Hill design guidelines."
The U.S. Bank sign will illuminate in the first two weeks in March, provided
installation proceeds as scheduled. One sign will hang on the north side of the
building, the other on the south side of the building. Each sign weighs nearly
seven tons and is 75 feet in length. Nearly one mile of tubing will light each
U.S. Bancorp (NYSE:USB), with assets of with $189 billion, is the 8th largest
financial services holding company in the United States. The company operates
2,243 banking offices and 4,425 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. Bank
CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732, 1-888-444-0962 pager
Peggy Moretti, 213-613-4558
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SOURCE: U.S. Bank