Submitted by: U.S. Bank
Categories: Philanthropy & Corporate Contributions
Posted: Dec 13, 2001 – 11:00 PM EST
Dec. 13 /CSRwire/ - U.S. Bank (NYSE:USB) in Oregon has made a contribution to Habitat for Humanity of Oregon in the amount of $100,000. The contribution is in recognition of the organization's excellence in providing for the housing needs of communities across Oregon and for the strong relationship that it has had with U.S. Bank for several years.
Since inception of the statewide organization in 1998, U.S. Bank has had a representative on the board of directors, including Pete Sinclair, executive vice president of community banking for many of U.S. Bank's western states including Oregon. Sinclair served on the board in 1999 and 2000, after which Cort O'Haver, senior vice president of commercial real estate at U.S. Bank, joined the board and has served on it ever since.
U.S. Bank is the exclusive provider of many financial services to Habitat for Humanity of Oregon. U.S. Bank underwrites and originates the first mortgages for the Habitat borrowers, and at closing Oregon Housing and Community Services department purchases these mortgages from the bank. U.S. Bank is the only bank to have this agreement with Habitat and the state of Oregon.
Many Habitat for Humanity affiliate chapters have banking relationships with U.S. Bank, including those in Sisters, Albany, Portland, Bend and Wilsonville. Additionally the statewide organization has their deposit relationship with U.S. Bank.
U.S. Bancorp (NYSE:USB), with assets in excess of $168 billion, is the 8th largest financial services holding company in the United States. The company operates 2,186 banking offices and 4,937 ATMs, 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 which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank. Visit U.S. Bancorp on the web at usbank.com and Firstar Bank at firstar.com.
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