PHOENIX--(BUSINESS WIRE)--Sept. 21, 2004--U.S. Bank will make its
mark on the Phoenix skyline when 101 North First Avenue is renamed
U.S. Bank Center. U.S. Bank will establish its Arizona regional
headquarters at 101 North First Avenue in downtown Phoenix in January
"U.S. Bank is committed to the Arizona community," said Hope
Levin, regional president of U.S. Bank in Arizona. "The U.S. Bank team
in Arizona is excited to have our regional headquarters in this
recently renovated high-rise."
The U.S. Bank sign will be in place this November, provided
installation proceeds as scheduled. One sign will be on the east side
of the building, the other on the west side.
U.S. Bank signed an agreement with Amerimar Enterprises, Inc., and
will occupy two floors (more than 26,000 square feet) of office space
for its commercial banking, private banking, retail banking, equipment
leasing, business banking, commercial real estate and homeowner
association banking teams starting first quarter 2005. A 3,500
square-foot full-service U.S. Bank branch will open at the street
level of the new regional headquarters building.
101 North First Avenue, the second tallest building in the state,
is a landmark Arizona building and offers state-of-the-art technology,
unsurpassed views, location, and services. A recent, extensive
building, common area, and exterior renovations led to another 110,000
square feet of new leasing in just the last year alone.
Currently, U.S. Bank's main office in Arizona is located at 3800
North Central Ave. in Phoenix.
Amerimar Enterprises, Inc. is a Philadelphia-based real estate
investment, management and development firm. Affiliates of Amerimar
Enterprises, Inc. currently own and manage approximately $750 million
of real estate assets throughout the country, including office,
residential, retail and mixed-use properties. Amerimar Enterprises,
Inc. and Angelo, Gordon & Co. purchased 101 North First in October,
1999. Angelo, Gordon & Co. is a money management firm with
approximately $10 billion of firm and client capital under management.
Angelo, Gordon & Co. has extensive experience with facilities similar
to 101 North First located throughout the United States.
U.S. Bank operates 41 ATMs and 37 branches in Arizona, with 46
branches by the end of 2004, and at least 60 branches by the end of
2005. U.S. Bancorp (NYSE:USB), with assets of $190 billion, is the
6th largest financial services holding company in the United States.
The company operates 2,344 banking offices and 4,578 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.
CONTACT: U.S. Bank Media Relations
Amy Frantti, 612-303-0733
Amerimar Enterprises, Inc.
Judy Klein, 602-257-0070
SOURCE: U.S. Bank