U.S. Bank Donates $100,000 to Girls Inc. of Alameda County in Support of Youth Development in Oakland

  U.S. Bank Donates $100,000 to Girls Inc. of Alameda County in Support of
  Youth Development in Oakland

Business Wire

OAKLAND, Calif. -- May 15, 2013

U.S. Bank will make a charitable contribution of $100,000 to Girls
Incorporated of Alameda County for the general operation of Simpson Center for
Girls. Opening in July in downtown Oakland, the center will offer year-round
academic achievement and skills building programs for girls ages 5 to 18 in
the San Francisco East Bay.

“We’re proud to support an organization that helps girls constantly improve
and achieve their potential,” said Michael Walker, market president for U.S.
Bank. “When you invest time and resources into raising strong and smart young
women, those young women invest in and enrich our communities. That’s a great
return on investment in our mind.”

U.S. Bank has committed more than $5 million in tax credit equity financing
through its subsidiary, U.S. Bancorp Community Development Corporation, in
support of the organization’s renovation of a historic building, which will
become its regional headquarters. The new Simpson Center for Girls will be
Alameda County’s first and only resource center for girls and will allow the
organization to increase the number of girls served in the region by 25
percent.

For the past 20 years, Girls Inc. of Alameda County has operated from a 13,500
square-foot building in San Leandro, which serves as both a program center for
girls and a workplace for staff. In 2012, the nonprofit served over 7,000
girls and their families in Alameda County. However, the small and aging
building has been a barrier to effectively responding to the increasing demand
for the nonprofit’s critical programs.

“Girls Incorporated of Alameda County has been creating ripples in the
community, one girl at a time, since 1958,” said Linda Boessenecker, CEO of
Girls Inc. of Alameda County. “With U.S. Bank’s support, we’ll be able to
continue to promote academic success, healthy lifestyles and self-confidence
in girls, better positioning them for future success.”

Last year, U.S. Bancorp Foundation also presented the organization a grant for
its Eureka! Teen Leadership Program, which provide hands-on achievement
opportunities in science, technology, engineering, math and college career
preparation for 180 girls in the community.

U.S. Bank’s support of Girls Inc. of Alameda County is representative of its
larger commitment to the city of Oakland and the Bay Area. During 2012, U.S.
Bank extended more than $223.2 million in community development loans and more
than $59.9 million in investments throughout the Greater Bay area.

About Girls Incorporated of Alameda County
Girls Incorporated of Alameda County is one of 90 affiliates of the national
Girls Inc., the country’s leading voice for girls. Since 1958, Girls Inc. has
responded to the unique needs of girls in underserved communities of San
Francisco’s East Bay through a continuum of academic achievement programs and
counseling services. Programs challenge girls to explore their potential,
develop life skills, ensure college and career success, and expand their sense
of what is possible. With an innovative educational approach incorporating
local needs into research-based curricula, Girls Inc. has established itself
as the Bay Area’s leading provider of supplemental education, reaching over
7,000 girls, family members and clients annually. For more information, visit
girlsinc-alameda.org.

About U.S. Bancorp Community Development Corporation
With more than $10.9 billion in assets as of March 31, 2013, U.S. Bancorp
Community Development Corporation, a subsidiary of U.S. Bank, provides
innovative financing solutions for community development projects across the
country using state and federally sponsored tax credit programs. USBCDC's
commitments provide capital investment to areas that need it the most and have
contributed to the creation of new jobs, the rehabilitation of historic
buildings, the construction of needed affordable and market-rate homes, the
development of renewable energy facilities, and the generation of commercial
economic activity in underserved communities. Visit USBCDC on the web at
www.usbank.com/cdc.

About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $355 billion in assets as of March 31, 2013, is
the parent company of U.S. Bank, the 5th largest commercial bank in the United
States. The company operates 3,080 banking offices in 25 states and 5,056 ATMs
and provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Contact:

U.S. Bank Public Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com
or
Girls Inc. of Alameda County
Kirsten T. Melton, 510-357-5515
kmelton@girlsinc-alameda.org
 
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