U.S. Bank Opens Branch in Belltown

New location opening in Insignia Towers on March 21

SEATTLE–(BUSINESS WIRE)–U.S. Bank is opening a new branch in Belltown, centrally located in an
up-and-coming area of the community. The branch will be in the
newly-constructed Insignia Towers, a high-profile space across the
street from the Belltown Community Center. It is set to open on March
21, with a grand opening celebration on April 5.

The look and feel of the U.S. Bank branch in Belltown reflects the
latest concepts in branch design at U.S. Bank. The new branch moves away
from the traditional teller line in favor of more employees welcoming
customers as they walk into the branch. Bankers are available for more
in-depth conversations on a range of banking services, such as if a
customer is planning to buy a house or thinking about expanding a
business.

“Branches still matter to customers, but they matter for different
reasons than they did 20 years ago,” said Thomas Roberts, senior vice
president and head of metropolitan banking for U.S. Bank in the Greater
Seattle area. “More customers are turning to their phone or going online
to do simple things like deposit a check or transfer money. However, our
research shows customers still want to be able to talk to a human, and
often times they want to talk to a human at a branch.”

A U.S.
Bank survey late in 2015 of more than 1,000 Americans found 8 out of
10 prefer working with a professional banker instead of a virtual one
when solving issues or during life’s milestones. Additionally, 86
percent reported that they will do at least some of their banking at
physical branches in five years.

The ATMs at Belltown offer a wide range of services for customers who
prefer to take care of transactions such as making a deposit or cashing
a check. Customer choice is at the heart of how U.S. Bank serves its
customers. With more than 5,000 ATMs, 3,170 branch locations, 24-hour
phone support and mobile and online banking, U.S. Bank makes it easy for
customers to manage their money any time.

Scott Scherschligt II will manage the Belltown branch, working with a
team of 17 employees with expertise in a full range of banking,
mortgage, small business and wealth management services.

In addition to banking services, the U.S. Bank branch in Belltown has a
community room that is available to local nonprofits and businesses to
use for meetings free of charge. U.S. Bank has 95 branches in the
Greater Seattle area.

U.S. Bancorp (NYSE: USB), with $422 billion in assets as of December 31,
2015, is the parent company of U.S. Bank National Association, the fifth
largest commercial bank in the United States. The company operates 3,133
banking offices in 25 states and 4,936 ATMs and provides a comprehensive
line of banking, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at www.usbank.com.

Contacts

U.S. Bank Corporate Communications
Teri Charest, 612-303-0732
teri.charest@usbank.com
@usbank_news