US Bank 2010 Annual Report Download - page 18
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16 U.S. BANCORP
U.S. Bank serves hundreds of communities, large and small,
across our 25-state footprint. From major metropolitan
areas to small towns, these communities play a vital role
in our success, and in return, we are proud to play a vital
role in their economic and community development
through grants, sponsorships, financial services, employee
volunteerism and other programs.
Our Community Development Corporation is one of the
nation’s largest tax credit investors and provides innovative
financing solutions to help communities create affordable
housing projects, preserve historic buildings and districts
and fund renewable energy projects. We have invested
billions of dollars nationwide in hundreds of transactions
to bring revitalization to our communities.
In 2010 U.S. Bancorp donated $38 million to strengthen
our communities. These U.S. Bancorp Foundation grants
and Community Affairs contributions, plus financial
support of community initiatives and nonprofit sponsorships
supported arts and culture, education, economic develop-
ment and local United Way campaigns across our franchise.
Through our partnerships with universities, we are helping
create new curricula that will provide financial education
in our communities.
Employee volunteer efforts are encouraged and rewarded.
Every employee receives eight hours of paid time off each
year to volunteer at a nonprofit organization of their
choice, and senior managers lead by example in supporting
volunteerism. Our Five Star Volunteer Award honors our
most remarkable employee volunteers and contributes
to the organizations they designate. This year U.S. Bank
is recognizing 138 employees located in 28 states across
the country, chosen from 418 nominations submitted by
employees, co-workers and nonprofit organizations.
To assure that we fully understand the economic and
social needs of our communities, we invite business and
community leaders to join our local U.S. Bank Advisory
Boards. We currently have 141 boards and more than
1,000 board members who serve as additional ears and eyes
in the community and provide valuable insights and advice
as the bank’s ambassadors, advisors and advocates.
We take U.S. Bank’s responsibility as a driver of the
economy very seriously, and we value the positive difference
we are able to make in the lives of our customers and
our communities.
U.S. Bank contributes to the strength and vitality
of our communities through the U.S. Bancorp
Foundation, local sponsorships, Community Affairs
Corporate Giving Program, through quality financial
services and by company support and encouragement
of our employees’ superb volunteer efforts and
community leadership.
Building
communities