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U.S. Bank Accepts Freedom Award in Washington D.C. Ceremony

  U.S. Bank Accepts Freedom Award in Washington D.C. Ceremony

Business Wire

WASHINGTON & MINNEAPOLIS -- September 27, 2013

Richard Davis, chairman, president and chief executive officer of U.S. Bancorp
(NYSE:USB), led a delegation of U.S. Bank employees to accept the Freedom
Award from the Secretary of Defense and Employer Support of the Guard and
Reserve on Thursday, Sept. 26, at a ceremony in Washington D.C.

U.S. Bank is one of only 15 companies chosen to receive this year’s award from
2,900 nominations. The Secretary of Defense Employer Support Freedom Award is
the highest honor given to employers in recognition of the company’s
commitment to supporting National Guard and Reserve employees.

“This week, we honor members of the National Guard and Reserve who carry that
legacy forward,” said President Barack Obama in a September 20 proclamation
honoring the award recipients. “We thank the employers who support them; and
we reaffirm our promise to provide our troops, our veterans, and our military
families with the opportunities they have earned.”

“It is inspiring and a great honor to be recognized by our nation’s leaders
for the work that thousands of U.S. Bank employees have done and continue to
do to make our company a great place to work for veterans and active duty
soldiers,” Davis said. “We are humbled and deeply grateful for the service and
sacrifice of our military families, and will continue to build a legacy of
support for those who have given so much on behalf of our country.”

The 2013 award recipients include large and small businesses, as well as
public sector agencies that have gone above and beyond their legal obligations
to military employees, offering formal and informal initiatives that ensure
service members and their families are taken care of throughout all types of
military service. The recipients’ measures of support included creating
special hiring programs, providing personal support to families such as home
maintenance, and continuing full benefits, salary and additional paid leave
options during deployment.

U.S. Bank supports Guard and Reserve employees through the Proud to Serve
program, a company-wide initiative focused on hiring and supporting service
members and their families. U.S. Bank committed to hiring 1,000 service
members and veterans by the end of 2013. U.S. Bank was also recognized for the
Freedom Award for providing two weeks of additional paid leave to family
members impacted by a deployment, among other military support policies. U.S.
Bank currently employs more than 2,000 current and former members of the U.S.
military.

In addition to its employment practices, which have been recognized by
Military Times and G.I. Jobs, U.S. Bank has a number of banking services in
place to support veterans and military families. The company offers military
members its Platinum Package which entitles them to a full suite of benefits
that include waived monthly maintenance fees on checking accounts and no
annual fees on home equity lines of credit. U.S. Bank provides a dedicated
customer service center and financial education resources specifically for
military families. In 2013, U.S. Bank began a home donation program for
veterans in need through nonprofits Military Warriors Support Foundation and
Freedom Alliance.

A complete list of Freedom Award honorees is available at
www.FreedomAward.mil.

About ESGR
Employer Support of the Guard and Reserve, a Department of Defense office
established in 1972, develops and maintains employer support for Guard and
Reserve service. ESGR advocates relevant initiatives, recognizes outstanding
support, increases awareness of applicable laws, and resolves conflict between
service members and employers. Paramount to ESGR's mission is encouraging
employment of Guardsmen and Reservists who bring integrity, global perspective
and proven leadership to the civilian workforce. On behalf of the Secretary of
Defense, ESGR runs the annual Secretary of Defense Employer Support Freedom
Award program. Created in 1996, the Freedom Award has been presented to 175
employers since its inception.

About U.S. Bank
U.S. Bancorp, with $353 billion in assets as of June 30, 2013, is the parent
company of U.S. Bank, the 5th largest commercial bank in the United States.
Celebrating its 150th anniversary this year, the company operates 3,087
banking offices in 25 states and 5,032 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:

Tom Joyce, U.S. Bank Public Relations, (612) 303-3167, thomas.joyce@usbank.com
or
Beth Sherman, ESGR Public Affairs, (571) 372-0705, ESGR-PA@osd.mil
 
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