MINNEAPOLIS, Nov 10, 2004 (BUSINESS WIRE) -- U.S. Bank Home
Mortgage will provide mortgage education and tailored mortgage
services to military personnel, particularly those who are
transferring or moving their families while on active duty, through a
new program called U.S. Bank HomeFront Mortgage.
The U.S. Bank HomeFront Mortgage program further extends the
services that U.S. Bank provides military service members and the U.S.
Department of Defense, which is among its largest customers.
HomeFront Mortgage pays special attention to the distinct needs of
the more than 300,000 service members who have a permanent change of
station and need a trusted financial service company to assist as they
purchase a new residence. The program pays particular attention to
first time homebuyers, who learn what to expect in the mortgage
process and how to obtain a loan with little or no down payment.
"When our service men and women turn to U.S. Bank Home Mortgage
for homeownership services, they can take comfort in knowing they are
working with honest, reputable mortgage professionals and the best
product offering in the country," said Dan Arrigoni, president of U.S.
Bank Home Mortgage. "We're going to provide service members the
highest level of mortgage education and fulfillment possible. Through
HomeFront Mortgage, we will act as a liaison, as a financial mentor
and as a friend."
U.S. Bank Home Mortgage also recently joined forces with The
Association of Military Banks of America (AMBA) and The Armed Forces
Financial Network (AFFN), which support the efforts and spirit of the
HomeFront Mortgage program. U.S. Bank has been serving the needs of
the troops and their families on Malmstrom Air Force Base, Great
Falls, Mont., since 1959 and the network affiliations are based on the
success of that relationship.
The U.S. Department of Defense relationship with U.S. Bank extends
even deeper as it utilizes commercial payment products and services
through U.S. Bank and U.S. Bank PowerTrack. As well, U.S. Bank Home
Mortgage recently signed-on with the Mortgage Bankers Association in
the Welcome Home project, in which returning, bilingual soldiers and
sailors will be trained in financial services and may ultimately have
an opportunity to work for U.S. Bank.
U.S. Bank Home Mortgage is part of U.S. Bancorp (NYSE:USB). With
$193 billion in assets, U.S. Bancorp 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 usbank.com.
SOURCE: U.S. Bank
U.S. Bank Media Relations
Teri Charest, 612-303-0732