U.S. Bank provides products and services that meet the needs of increasingly diverse communities like South Los Angeles and South Pasadena. The financial institution offers an innovative mortgage program for first-time home buyers and assists in providing a social and economic foundation for achieving affordable housing, productive small businesses and enhancement of culturally vibrant communities.
The firm, a sponsor of the West Coast Expo, works in partnership with hundreds of organizations across its 25-state bank region to foster economic revitalization and provide training and education to small businesses, consumers and first-time homebuyers.
It provides financial and leadership support to national and regional equity funds as well as actively investing in Low Income Affordable Housing Tax Credit projects in support of building low-income housing. The recent refurbishment of the Dunbar Hotel on Central Avenue in South Los Angeles is among the investments U.S. Bank has made in urban communities.
Through the U.S. Bank Foundation, cash contributions are provided to nonprofit organizations in the priority areas of education, economic opportunity, and in artistic and cultural enrichment. At the beginning of 2012, U.S. Bank Foundation distributed about $21.8 million in charitable contributions.
U.S. Bank supports the United Way yearly with an employee campaign which, last year, amounted to almost $11.2 million in contributions.
Its supplier diversity mission endeavors to identify, develop and build strong relationships with certified minority and woman-owned businesses (MWBE) which are qualified to supply the firm with quality products and services. Supplier diversity identifies MWBEs to participate in the competitive bid process on an equal basis with all other bidders and to promote business development of MWBEs.
U.S. Bank’s Corporate Procurement Management program works cross-functionally throughout the firm to identify business opportunities for diverse suppliers; this program offers a supplier diversity manager as a liaison for all parties interested in pursuing business opportunities with the bank.
From the Ohio Valley to the Twin Cities to the Rocky Mountains and on to the Pacific Ocean, U.S. Bank recognizes MWBEs as an increasingly diverse group of suppliers of small commodity lines to providers of a wide variety of manufactured products and corporate services.
Minority groups eligible for participation in the MWBE program are African Americans, Hispanic Americans and Asian Pacific Americans. Interested parties should complete a supplier profile registration to indicate that you are a certified minority or woman-owned business.
U.S. Bank operates four branches locally: 2600 S. Vermont Ave., 1460 Westwood Blvd., 10866 Wilshire Blvd. in Los Angeles, and at 1153 Fair Oaks Ave. in South Pasadena.
The U.S. Bank Tower, the former Library and First Interstate tower, is located at 633 W. 5th St. in Downtown Los Angeles.
