US Bank 2013 Annual Report Download - page 17

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U.S. BANCORP 15
Rustica Hardware in Provo, Utah, has grown tremendously since its inception in 2007 when Kate started
finding old barn doors and refurbishing them for homeowners. Today, Rustica’s amazing product line includes
a wide array of classic and custom-designed doors and hardware for individuals, architects and builders.
U.S. Bank recognized that the company’s financial needs were as unique as its products and was able to
customize financing for a commercial real estate purchase and working capital, just right for Kate and Paul’s
business plan. We also provided financial services to keep their success on track, including deposit accounts
and merchant services. Today, with help from U.S. Bank, they are in a beautiful (and unique) new facility that
houses their showroom, design studio and plant.
“We know with each stage of growth, we can count on U.S. Bank.”
— Kate Allen, CEO, and Paul Allen, President, Rustica Hardware
a 22 percent increase in dollar volume over 2012 and
a 52 percent increase in the number of loans provided.
U.S. Bank ranked first in both units and volume in the
SBA districts of Kentucky, Portland, Seattle/Spokane and
Tennessee. In addition, the company also ranked first in
units in Iowa, Kansas City, Minnesota, Nevada, San Diego,
Santa Ana, and St. Louis. U.S. Bank was in the top three
in either units or volume in a total of 22 SBA districts.
Scan the photo and
see how our business
is your business.
EXTENDING THE ADVANTAGE