DENVER--(BUSINESS WIRE)--May 6, 2005--A one-of-a-kind phenomenon
will roll into downtown Denver on Wednesday, May 11, bringing
financial services, employment and homeownership opportunities to
residents in a way that no other bank has approached in the area. The
Five Star Service Express, sponsored by U.S. Bank Home Mortgage and
Freddie Mac, in partnership with the Community College Foundation,
will launch its tour with a celebration on Wednesday, May 11 at 11
a.m. in the parking lot of the U.S. Bank branch at 17th and Curtis
Streets in downtown Denver. A tour of The Five Star Service Express,
which will be in the parking lot behind the bank, will follow and the
bus will remain available that day until 2 p.m. Lunch will be served
to all who stop by and those who come on board will have a chance to
enter a drawing for a $500 savings bond.
Helping to launch the bus tour will be Denver City Council
President Elbra Wedgeworth, district 8; Mark Spates, director of
Expanding Markets for Freddie Mac; Mark Smith U.S. Bank president in
Denver; and Aimee Sherman, director of The Community College
Foundation's Community Connect program development; and industry
"Freddie Mac and U.S. Bank are to be commended for working with
the Community College Foundation to help make homeownership a reality
for more households in the Denver area," said City Council President
Wedgeworth. "This community outreach program demonstrates U.S. Bank's
commitment to Denver on the issues of financial education,
homeownership and job opportunities. U.S. Bank is using the latest in
technology to go out to our neighborhoods, breaking down any barriers
that would keep someone from coming to see them."
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 a number of low-to-moderate income neighborhoods in
Colorado. The Five Star Service Express will be in Denver at various
locations on May 11, 12 and 13.
The Five Star Service Express will also visit Longmont on May 14,
Colorado Springs on May 17 and 18, and Pueblo on May 19. 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, look for a career
opportunity with our organization, or maybe even get their credit
history back on track," said Mark Smith, president of U.S. Bank in
Denver. "We will advise them, help them plan and can even get them
started if they are ready to take that next step."
Mark Spates, director of Expanding Markets for Freddie Mac, said,
"Misconceptions and misinformation about mortgages and home buying
keep too many families from achieving the American Dream in this
nation. 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 to put more families on the road to successful
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.
David Springett, president of the Community College Foundation,
said, "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 Denver
area and southern Colorado and are excited to partner with Freddie Mac
and U.S. Bank."
The Five Star Service Express has made its way from Minneapolis,
stopping along the way in Madison; Milwaukee; St. Louis; Kansas City;
Des Moines; Dubuque; the Quad Cities, Rockford, Ill.; Omaha and
Lincoln, Neb.; and Council Bluffs, Iowa.
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 $198 billion in assets, is the 6th
largest financial services holding company in the United States. The
company operates 2,377 banking offices and 4,654 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
Amy Frantti, 612-303-0733
SOURCE: U.S. Bank