Us Bancorp - USB STOCK NEWS

U.S. Bank goals coaches offer advice to help college students achieve their targets. The coaches focus on key areas:

• Setting goals: Evaluate current situation, set personal, professional, and financial goals with deadlines.
• Utilizing resources: Use academic counselors, financial aid advisors, and goals coaches as accountability partners.
• Time management: Prioritize tasks, create schedules, and focus on critical activities.
• Managing finances: Create budget plans, categorize spending, build savings, and manage credit effectively.
• Maintaining a positive mindset: Learn from past mistakes, appreciate the present, and focus on personal growth.

Coaches emphasize the importance of specific, measurable goals, effective resource utilization, and maintaining a balanced approach to academic, social, and personal responsibilities.

U.S. Bancorp Impact Finance has made significant investments in Raza Development Fund (RDF), the largest national, Latino-focused Community Development Financial Institution (CDFI). Recent investments include:

1. A $2 million equity-equivalent investment to fund community health centers in Latino neighborhoods across California.

2. A $10 million Racial Equity Direct Purchase Bond to support RDF lending programs in California.

3. A $100,000 grant for RDF's 25th anniversary, a Latino Leadership Summit, and a study of Latino-led CDFIs.

These investments aim to close wealth and opportunity gaps in Latino and under-resourced communities. RDF focuses on health, education, affordable housing, climate resilience, homeownership, and entrepreneurship. The collaboration between U.S. Bank and RDF exemplifies the power of partnerships in advancing economic opportunity and creating lasting, positive change in underserved communities.

Elijah Rush, a Kansas City resident, purchased his first home in 2023 using the U.S. Bank American Dream home loan. This loan program, available in 26 states, offers downpayment assistance, low down payment options, and additional funds for closing costs or repairs. Rush worked with Marla Dickinson, a mortgage loan originator at U.S. Bank, for over a year to become mortgage-ready.

The process involved building credit, creating a savings plan, and attending a homebuyer education class. Rush's journey highlights the importance of financial education and the potential for first-time homebuyers to achieve their goals. He views homeownership as an investment in his family's future and a step towards building generational wealth.

U.S. Bancorp (NYSE: USB) has announced details for its third quarter 2024 earnings conference call. The company will release its financial results before the market opens on Wednesday, October 16, 2024. At 7 a.m. CT, Chairman and CEO Andy Cecere and Senior Executive VP and CFO John Stern will host a conference call to review the results.

The call will be accessible online via the U.S. Bancorp website and by telephone. For U.S. and Canada callers, the number is 888-210-4659. International callers should dial 646-960-0383. The access code for all participants is 7269933. A replay will be available at approximately 10 a.m. CT on the same day, accessible through the company's website.

Alliance for Community Empowerment (ACE), a San Fernando Valley-based nonprofit, has enhanced its impact through a unique collaboration with Catchafire, facilitated by U.S. Bancorp Impact Finance. ACE, which assists low-income communities, began using Catchafire in 2022 to access skilled volunteers for various projects. This partnership has led to significant improvements, including the hiring of a full-time marketing expert who was initially a volunteer.

U.S. Bancorp Impact Finance provided grant funding to support organizations like Catchafire, which in turn helps nonprofits like ACE. This collaboration has enabled ACE to refine its communication strategies, develop leadership skills, and implement necessary changes. The partnership exemplifies how capacity-building resources can empower smaller nonprofits to make a more significant difference in their communities.

A new U.S. Bank survey reveals that parents today are having more in-depth financial conversations with their children than they had with their own parents. Topics include investing in stocks and bonds and choosing career paths aligned with financial goals. However, nearly 1 in 4 parents and over half of Gen X parents worry their children will be financially dependent on them into adulthood.

The survey also found that Americans are more comfortable discussing their 2024 presidential election choice than their personal finances. Many people might not be truthful with their partners about money, driven by feelings of shame and embarrassment. Financial advisors are increasingly helping families navigate uncomfortable money conversations, especially among younger affluent Americans.

Despite these challenges, parents are confident in their children's financial abilities, with 79% believing their children can successfully manage their finances. The survey highlights the importance of open financial discussions within families to build wealth and financial literacy.

V3 Sports, a nonprofit in North Minneapolis, opened a community-inspired health and wellness facility in June, already surpassing its membership goal with over 900 members. U.S. Bank provided significant support through a $100,000 grant from the U.S. Bank Foundation and a $1.8 million investment in New Markets Tax Credits equity.

The 40,000-square-foot facility includes a swimming pool, fitness center, Boys & Girls Club, workforce development center, and entrepreneurial incubator space. It aims to elevate the North Minneapolis community through fitness, wellness, and education. The project is part of U.S. Bank's place-based investing initiative, focusing on building wealth in low-to-moderate income communities and communities of color.

V3 Sports now employs nearly 70 people and plans to expand with a second phase, adding 200,000 square feet and a 50-meter competition pool. This development is expected to create approximately 100 jobs and stimulate economic activity in the area.

American Banker has recognized two U.S. Bank leaders in its 2024 Most Powerful Women in Banking awards. President Gunjan Kedia and Vice Chair and Chief Risk Officer Jodi Richard were named among individual honorees. Kedia, who became president in May 2024, leads the company's three revenue lines and has been honored for seven consecutive years. Richard, making her first appearance on the banking list, oversees the Risk Management and Compliance organization.

Andy Cecere, chairman and CEO of U.S. Bank, praised both executives for their contributions to the company and the financial services industry. U.S. Bank leaders have been consistently recognized in the Most Powerful program since its inception over 20 years ago. Chana Schoenberger, editor-in-chief of American Banker, highlighted the program's celebration of advancement and welcomed newcomers, noting the progress made despite challenges in the banking sector.

Durango Barber Salon, a Hispanic-owned business in Colorado Springs, has experienced significant growth with the support of U.S. Bank. Owners Luz and Juan Andrade followed their banker, Business Access Advisor Chio Scott, to U.S. Bank to expand their services to the local Hispanic community. The bank assisted them in improving their credit scores and opening multiple locations in Colorado Springs.

Juan Andrade expressed gratitude for U.S. Bank's continuous support, stating, "It's comforting to know that your bank is always trying to find ways to help you grow your business." The Andrades credit their success to the strong relationship built with U.S. Bank and their team of bankers, emphasizing the trust developed over time.