U.S. Bancorp

Corporate Profile
Graphs of Selected Financial Highlights
Financial Summary
Letter to Shareholders
Corporate Governance
Service Excellence
Lines of Business
Strength in Numbers
Investing in Distribution and Scale
Attractive Business mix
High-Value National Businesses
Community Partnerships


Community Partnerships

Our commitment to helping build strong communities begins with local market leadership and dedicated community involvement. U.S. Bancorp and our employees are committed to giving and volunteerism in the markets we serve. We make this investment proudly, promoting powerful partnerships and fostering economic development in communities, small and large, across the country.

Creating stronger communities for a stronger company.
U.S. Bancorp is not just part of the community — we’re a partner in all the communities we serve across the country. Working with people, businesses and non-profit organizations in these local markets, we assist with economic, educational and cultural development. As an active partner, U.S. Bancorp provides superior, competitive products and services to every customer we serve, while offering customized financial solutions to customers and businesses who need assistance overcoming challenging financial situations. By helping to create strong, vibrant communities, U.S. Bancorp is building a healthy marketplace for our company — one community at a time.

Cynthia Welsh, Teacher, Cloquet High School - Cloquet, MN

U.S. Bank gives "Back 2 Schools in Minnesota." U.S. Bank is investing nearly $500,000 in programs that support Minnesota teachers, high schools and students during the 2003-2004 school year. Designed to enrich student learning, recognize outstanding high school students and assist school athletic programs, Back 2 Schools is part of the ongoing investment U.S. Bank makes in Minnesota schools. Cynthia Welsh, teacher at Cloquet High School, has developed an interactive science discovery class using the funds she received from a U.S. Bank Back 2 Schools grant. Cynthia and her students collaborate with the Fond du Lac Band of Lake Superior Chippewa and other local scientists conducting environmental research that benefits the community.

Sponsorships support quality of life.
The enduring vitality of a community is ultimately in the hands of its artists, athletes, performers, scholars, musicians and the institutions that train, educate, nurture and promote them. We extend sponsorship support to a variety of music, arts, sports and education programs, in addition to many other civic and cultural activities. From county fairs to the performing arts to professional, minor league, collegiate and high school sports, U.S. Bancorp supports a diverse range of opportunities and interests of our customers.

Empowering local leaders.
To meet the unique needs of the communities we serve, local leaders are empowered with the autonomy to customize all the resources of U.S. Bancorp for their individual markets. Coupled with the valuable insight of local market leaders, local boards provide further knowledge, expertise and insight into each community’s businesses, industries and important causes. Together, this leadership team is equipped with the first-hand knowledge needed to make strategic pricing and business development decisions that strengthen both U.S. Bancorp and the community.

Investing in our employees.
The U.S. Bancorp Development Network promotes the personal and professional development of our employees by enhancing leadership, management and communication skills; organizing networking opportunities; providing community involvement opportunities; and encouraging and capitalizing on the diversity of our employees. The Development Network is composed of 42 geographically based chapters, which share these objectives and fulfill the program’s mission by organizing professional and community service activities, such as financial and leadership seminars for employees, mentoring opportunities, charitable fundraising drives and more.   
 


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Through the U.S. Bancorp Foundation, we provide cash contributions to non-profit organizations for affordable housing, economic opportunities, education and artistic and cultural enrichment. Total charitable contributions from the U.S. Bancorp Foundation topped $20 million in 2003.


U.S. BANCORP FOUNDATION
2003 CHARITABLE CONTRIBUTIONS
BY PROGRAM AREA

 32% Human Services and
United Way

 28% Economic Opportunity
 17% Arts & Culture
 16% Education
 7% Matching Gifts