U.S. BANK Receives Award & PROMOTES ERIKA COLSON TO BRANCH MANAGER IN ASHLAND, OREGON
MINNEAPOLIS--(BUSINESS WIRE)--Mar. 7, 2016-- U.S. Bank, the fifth largest commercial bank in the United States, announced today that it has been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as a 2016 World's Most Ethical Company®. This marks the second consecutive year U.S. Bank has earned this recognition. The World's Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.
"It is truly an honor to be named a World's Most Ethical Company for the second consecutive year," said Richard Davis, chairman and chief executive officer for U.S. Bancorp. "At U.S. Bank, we want to be our customers' most trusted choice. We earn that distinction by embracing a culture of ethics and integrity as we help our customers navigate important financial milestones. We are proud to be on Ethisphere's list because it validates the commitment of our 67,000 employees who choose to do the right thing for our customers, shareholders, communities and each other every single day."
U.S. Bank is once again the largest U.S.-based bank being honored by the Ethisphere Institute this year. Being an honoree underscores U.S. Bank's commitment to leading ethical business standards and practices ensuring long-term value creation for key stakeholders, including customers, employees, suppliers, regulators and investors.
"Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior," explained Ethisphere's Chief Executive Officer, Timothy Erblich. "Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage. Congratulations to everyone at U.S. Bank for being recognized as a World's Most Ethical Company."
Earlier this year, Davis was named to the Ethisphere Institute's 100 Most Influential in Business Ethics, ranking 22nd overall. The list recognizes the 100 individuals that have made a material impact in the world of business ethics and compliance.
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics QuotientTM (EQ) framework developed over years of research and vetted and refined by the expert advice from Ethisphere's World's Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company's performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.
The full list of the 2016 World's Most Ethical Companies can be found at
http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2016 honorees will be released in the form of a whitepaper and infographics over the next few months (download the 2015 insights). Organizations interested in how they compare to the World's Most Ethical Companies are invited to participate in the Ethics Quotient.
IN ASHLAND
U.S. Bank has named
Erika Colson Branch Manager at its
Ashland office, located at 30 North Second Street in Ashland, Oregon. In her new position, Colson is responsible for leading the branch staff and managing all sales and customer service activities at the branch.
Colson began her career at U.S. Bank in 2009 as a banker and was promoted to assistant branch manager in 2012. “We are so pleased to promote Erika to manage our Ashland branch,” states Gloria Schell, U.S. Bank Southern Oregon/Northern California region president. “We look to her leadership in serving our valued clients and community partners.” Already a very active community volunteer in local youth sports organizations, Colson looks forward to becoming more involved in the Ashland business community.
“I went into banking because I viewed it as an opportunity to help people and businesses reach their goals,” says Colson. “Not only does U.S. Bank have the resources to provide solutions for our customers’ banking needs, we also have a strong focus on volunteerism. In a close-knit community like Ashland, that makes a big difference.”
U.S. Bancorp (NYSE: USB), with $422 billion in assets as of December 31, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The company operates 3,133 banking offices in 25 states and 4,936 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at
www.usbank.com.
About U.S. Bank
Minneapolis-based U.S. Bancorp ("USB"), with $422 billion in assets as of December 31, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,133 banking offices in 25 states and 4,936 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
About Ethisphere® Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World's Most Ethical Companies® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere magazine. More information about Ethisphere can be found at:
http://ethisphere.com.
