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United States Department Of Defense Names U.S. Bank A 2013 Secretary Of Defense Freedom Award Honoree

Stocks in this article: USB

U.S. Bank has been named a 2013 Secretary of Defense Employer Support Freedom Award honoree, the Department of Defense’s (DoD) highest recognition given to employers for their support of employees who are serving in the National Guard and Reserve. The award was announced by the Employer Support of the Guard and Reserve (ESGR), a DoD office.

U.S. Bank was one of nearly 2,900 companies nominated, one of only 30 finalists and one of only 15 honorees.

“This recognition by the Department of Defense is an incredible honor,” said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp (NYSE: USB), the parent company of U.S. Bank. “We are grateful for the service provided by members of the military, and our employees who are serving in the National Guard and Reserve. They help protect our freedom and keep our nation safe.”

Nominated by an employee Air Force Reservist, Col. Michael Ott, 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 between 2012 and 2013. The company surpassed its 2012 goal by hiring 597 new veterans. The nominator also reported that U.S. Bank provides two weeks of additional paid leave to family members impacted by a deployment, among other military support policies.

"I commend and thank the 15 recipients of the 2013 Secretary of Defense Employer Support Freedom Award for providing exceptional support to our Citizen Warriors," said Defense Secretary Chuck Hagel. "So many of our Nation’s employers are finding ways to contribute to our Nation’s security, but these employers stand out for their commitment to our Guardsmen and Reservists. They have the gratitude and thanks of the entire Department of Defense."

The 2013 recipients will be honored at the 18th annual Secretary of Defense Employer Support Freedom Award ceremony in Washington, D.C., on September 26. A complete list of Freedom Award honorees is available at www.FreedomAward.mil.

About ESGR and the Freedom AwardThe Freedom Award was instituted in 1996 under the auspices of ESGR to recognize exceptional support from the employer community. In the years since, 175 employers have been honored with the award. ESGR 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.

For questions or interviews regarding the Freedom Award, please contact Beth Sherman, ESGR Public Affairs, at 571-372-0705 or by email at  ESGR-PA@osd.mil.

About U.S. BankU.S. Bancorp, with $355 billion in assets as of March 31, 2013, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. Celebrating its 150 th anniversary this year, the company operates 3,080 banking offices in 25 states and 5,056 ATMs. The bank 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.

Copyright Business Wire 2010

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