Stories

Two years later, U.S. Bank Access Commitment recognizes milestones

February 04, 2023

Tim Farrow, a Business Access Advisor in the Twin Cities.

Recent initiatives include expanding a collaboration with CDFIs to invest in developers of color and the creation of Business Access Advisors and Access Home.

In 2021, U.S. Bank launched U.S. Bank Access Commitment™, a long-term approach to help close the wealth gap.

The company has been focused on helping families thrive, businesses grow and communities to prosper across the country. Highlights from the past 12 months alone include:

Expanding a collaboration with Community Development Financial Institutions (CDFI)s to invest in developers of color. KMW Communities, which is developing low- and moderate-income housing across Chicago, knows firsthand the important role CDFIs play.
Investing tax credits in three developments in the Twin Cities, including The Hollows – a four-story, 62-unit affordable housing project in the Swede Hollow neighborhood of St. Paul that is transforming a location that has sat vacant since 1996.
Announced the creation of Business Access Advisors, which works to help small businesses gain access to capital, financial education and connections that can help their businesses flourish.
Continued to build on its $450,000 investment in the Atlanta-based Russell Innovation Center for Entrepreneurs (RICE), the largest business incubation hub in the U.S. dedicated exclusively to developing Black entrepreneurs.
Introduced U.S. Bank Access Home, an initiative focused on removing of historical barriers to homeownership.
Invested in the revitalization of Los Angeles’ Crenshaw District through a public/private partnership.

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Investment products and services are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency

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Loans and lines of credit are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

Investment and insurance products and services including annuities are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

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