COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Aug. 5, 2004--U.S. Bank and
leaders from state and local government will join members of the
community in a celebration to break ground at the site of what will
soon be a new U.S. Bank service center in Coeur d'Alene, Idaho.
The groundbreaking is scheduled for Tuesday, Aug. 10 at 10:30 a.m.
PT at the site, 3886 West Seltice Way in Coeur d'Alene. Special guests
from state and local government agencies, the community and leaders
from U.S. Bank will offer congratulations and well wishes as
Unlike traditional groundbreaking ceremonies, U.S. Bank will honor
the future of Coeur d'Alene by asking a group of school children to
move the first dirt with mini-shovels and youth-filled enthusiasm.
"We thought it would be appropriate to recognize the role that
this service center plays in the future of Coeur d'Alene. What better
way to do that than by featuring kids at the groundbreaking, in hopes
that 50 years from now they can tell their grandchildren about the day
they helped create this thriving center," said Rick Barton, president
of U.S. Bank in North Idaho.
Following a national site selection search, U.S. Bank announced in
May plans to build a new service center in the Coeur d'Alene area that
will create up to 500 new jobs over the next five years. The new
60,000 square foot facility will support U.S. Bank's growing retail
payment solutions division, which includes debit, small business and
consumer credit card accounts.
Construction on the more than $15 million project will begin after
the groundbreaking, with completion anticipated in early 2005. U.S.
Bank's retail payment solutions will now have two major service
centers to help customers, one in Coeur d'Alene and one in Fargo,
North Dakota. The new jobs and service center will add to the current
U.S. Bank presence of 90 full service branches and 900 employees in
U.S. Bancorp (NYSE:USB), with $190 billion in assets, is the 6th
largest financial services holding company in the United States. The
company operates 2,315 banking offices and 4,565 ATMs in 24 states,
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 in which the company pays customers if
certain key banking benefits and services are not met. U.S. Bancorp is
the parent company of U.S. Bank. Visit U.S. Bancorp on the web at
CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732
SOURCE: U.S. Bank