MINNEAPOLIS--(BUSINESS WIRE)--Mar. 24, 2015--
Greenwich Associates, a leading financial services consulting and
research firm, has recognized U.S. Bank as part of its annual Excellence
Awards. The honor is based on feedback from U.S. Bank’s small and middle
market customers. Respondents gave U.S. Bank high marks for its
financial stability, digital experience and cash management.
“The Greenwich Associates results demonstrate that our business clients
appreciate our holistic relationship approach, culture of client
advocacy, and ability to leverage our strong financial position to help
them achieve their goals,” said Elliot Jaffee, executive vice president
and head of commercial banking for U.S. Bank.
The banking industry’s scores continued to rise as a whole in the
Greenwich Associates annual Middle Market Commercial Banking Study,
which asked company owners and executives to rate their banks across a
series of product and service categories. The study is the basis for the
Greenwich Excellence Awards, which are given to banks that receive
scores that top those received by rivals by a statistically significant
margin. As industry scores rise, fewer banks achieve that level of
separation. In 2013 Greenwich Associates granted Middle Market
Excellence Awards to 34 banks; in 2014 the number fell to 25 out of more
than 750 measured.
One of U.S. Bank’s key strategies around cash and treasury management is
its Working Capital Engagement process, which the bank uses to help
customers assess and maximize their cash flow potential.
"Our client-focused treasury management consultations are consistent
with U.S. Bank's overall approach to client advocacy," said Jeff Jones,
executive vice president and head of Global Treasury Management for U.S.
Bank. “By understanding our clients' goals and aspirations at a detailed
level, we’re able to make holistic cash management recommendations that
assist companies in optimizing their working capital. Once again, it is
gratifying to see the success of our efforts and positive client
feedback independently validated by Greenwich Associates.”
The recognition comes on the heels of other accolades based on the
feedback of peers or independent studies. Earlier this year, Fortune
named U.S. Bank the most
admired super regional bank in its World's Most Admired Companies
2015. U.S. Bank was also recently recognized as a World’s
Most Ethical Company by the Ethisphere Institute; and its Working
Capital DNA Engagement process named the “Best Integrated Working
Capital Management Solution” by Global Finance magazine.
Greenwich Associates has also previously recognized U.S. Bank with a 2014
Greenwich Best Brand Award for Overall Middle Market Banking, Middle
Market Cash Management and Middle Market Loans or Lines of Credit and
Middle Market Trust, and a 2014
Greenwich Quality Leader in U.S. Large Corporate Cash Management.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $403 billion
in assets as of December 31, 2014, is the parent company of U.S. Bank
National Association, the 5th largest commercial bank in the United
States. The company operates 3,176 banking offices in 25 states and
5,022 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
usbank.com.
Source: U.S. Bank
Pat Swanson, U.S. Bank Corporate Communications
(651) 587-3590, patrick.swanson@usbank.com