MILWAUKEE, Oct 20, 2004 (BUSINESS WIRE) -- A one-of-a-kind
phenomenon will roll into Milwaukee on October 20, bringing career,
homeownership opportunities and financial services to residents in a
way that no other bank has approached the metropolitan area. The Five
Star Service Express, sponsored by U.S. Bank Home Mortgage, Freddie
Mac and the Community College Foundation, will launch its tour with a
celebration at Pere Marquette Park, 900 North Plankinton, at noon on
Wednesday, October 20.
The Five Star Service Express is an actual city bus that has been
converted into an Internet-ready, financial service center that will
travel to many low-to-moderate income Milwaukee neighborhoods from
October 22 through November 22. A team of bankers, mortgage
professionals and small business specialists will partner with
representatives from neighborhood non-profit organizations to promote
financial education and homeownership in an informal and relaxed
atmosphere, welcoming conversations and questions about any financial
dream or goal. There will be bilingual representatives who can
communicate in the predominant language spoken in each neighborhood.
U.S. Bank Human Resource professionals will also be available to
discuss job opportunities.
"We hope to hear from individuals who want to own their first
home, start or expand their family business or maybe even get their
credit history back on track," said Jim Stark, of U.S. Bank Home
Mortgage in Milwaukee. "We will advise them, help them plan and can
even get them started if they are ready to take that next step."
Some of the groups the bank is partnering with include the
Metcalfe Park Association, Housing Resources, LaCausa, C.Y.D., and
Select Milwaukee. Stops during the U.S. Bank's five-week run includes
Mercy Memorial Church on October 23 from 10:00 a.m. until 2:00 p.m.;
St. Vincent De Paul Family Center at 2610 N. Dr. Martin Luther King
Dr. on October 3 from 3:00 p.m. until 6:00 p.m., and the Washington
Park Community Building at 4145 W. Lisbon Avenue on November 10 from
4:00 p.m. until 8:00 p.m. For a complete listing of locations and
times, go to the website,
The Community College Foundation developed the eBus concept as a
way to bridge the growing digital divide across the country.
Recognizing its potential for providing bilingual access to financial
services, credit education, and affordable mortgages, Freddie Mac is
launching these Internet-ready buses with select lenders, including
U.S. Bank Home Mortgage.
"Misconceptions and misinformation about mortgages and home buying
keep too many families from achieving the American Dream in this
nation," said Craig Nickerson, vice president of expanding markets for
Freddie Mac. "The Five Star Service Express is unique because it
brings bilingual homeownership information, banking and mortgage
services to people where they live, work, pray or play. Freddie Mac is
proud to join with U.S. Bank and the Community College Foundation to
put more families on the road to successful homeownership."
"The Community College Foundation currently operates eBuses across
the country--providing education and community development through
technology and Internet access. Most of us take for granted the use of
computers in our day-to-day lives. But for many people caught in the
digital divide, the economic, educational and social benefits of the
digital world are not a reality. We are thrilled that our latest eBus
will be used to assist with the dream of home ownership for families
in the Madison area and excited to be partners in this tremendous
initiative with Freddie Mac and U.S. Bank," said David Springett,
president of the Community College Foundation.
The Five Star Service Express will continue from Milwaukee area in
late October, followed by tours of St. Louis and Kansas City.
About Freddie Mac
Freddie Mac is a stockholder-owned corporation chartered by
Congress in 1970 to create a continuous flow of funds to mortgage
lenders. By supplying lenders with the money to make mortgages and
packaging the mortgages into marketable securities, Freddie Mac
sustains a stable mortgage credit system and reduces the mortgage
rates paid by homebuyers. Over the years, Freddie Mac has made home
possible for one in six homebuyers in America and two million renters.
More information on Freddie Mac can be found on the company's website
located at www.freddiemac.com.
About the Community College Foundation
Since 1983 The Community College Foundation, a program-based
501(c)3 based in Sacramento, California, has been dedicated to
providing enhanced social, economic and education community
opportunities. With a staff of more than 300 employees and programs
across the United States, the foundation fosters creative
relationships between business, education and government. The
far-reaching scope of the foundation is evident through its widely
diverse programs, which include technology training, life skills
education for at-risk youth, employment development, foster youth and
family services, environmental education and student internships.
Learn more about the eBus and The Community College Foundation at
www.communitycollege.org or by calling (916) 418-5100.
About U.S. Bank
U.S. Bancorp (NYSE:USB), with $193 billion in assets, is the
6th largest financial services holding company in the United States.
The company operates 2,346 banking offices and 4,621 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
SOURCE: U.S. Bank
Lisa H. Clark, 608-877-7517