City of Lincoln Chooses U.S. Bank After Competitive Bidding; Will Provide City With Treasury Management Services and Banking Products

Apr 19, 2001, 01:00 ET from U.S. Bank

    LINCOLN, Calif., April 19 /PRNewswire/ -- The City of Lincoln, Calif., has
 chosen U.S. Bank to provide a number of financial services to meet the city's
 growing needs. The city made it selection after a competitive bidding process
 in which 14 banks responded to its request for proposals.
     U.S. Bank will provide a number of treasury management products and
 services that will make the city's financial management more efficient and
 cost effective.
     -- A zero balance account will allow them to consolidate funds into a
        single account that automatically sweeps excess cash into an overnight
        investment account.
     -- Positive Pay will allow them to review checks presented for payment and
        reject potentially fraudulent checks.
     -- Image Check will store images of paid checks on CD-ROM, which helps
        them manage their check inventory and research paid check items quickly
        and efficiently.
     -- Information reporting via U.S. Bank Connections Web will help them
        manage their cash with previous day and current day information on all
        their accounts.
 
     "We chose U.S. Bank because they had the lowest bid and also because of
 their wide range of services and their excellent reputation for customer
 service," said Randy Graham, finance director for the City of Lincoln.
     "We are delighted to have this opportunity with the City of Lincoln," said
 Joseph Hasten, vice chairman for corporate banking at U.S. Bank.  "We base our
 business strategy on relationships, not transactions, because relationships
 are what make the difference in banking. It is those relationships that create
 the foundation on which we are building the best bank in America."
     Minneapolis-based U.S. Bancorp (NYSE:   USB), with assets in excess of
 $160 billion, is the 8th largest financial services holding company in the
 United States.  The company operates 2,242 banking offices and 5,208 ATMs, and
 provides a comprehensive line of banking, brokerage, insurance, investment,
 mortgage, trust and payment services products to consumers, businesses and
 institutions.  U.S. Bancorp is the parent company of Firstar Banks and U.S.
 Bank.  Visit U.S. Bancorp on the web at http://www.usbank.com and Firstar Bank
 at http://www.firstar.com
     The City of Lincoln is one of Northern California's best kept secrets.
 Located at the edge of Northern California foothills, Lincoln is a quiet,
 friendly community just 27 miles northeast of California's State Capital,
 Sacramento. Incorporated in 1890, the city has retained its agricultural
 heritage and is also known for it's production of clay, coal and building
 materials. Lincoln is home to the world-renowned Gladding McBean & Company,
 the only remaining major manufacturer of decorative architectural terra cotta
 in the United States, the Lincoln airport and two championship golf courses.
 The city continues to expand and grow, while retaining its small town charm.
 
 

SOURCE U.S. Bank
    LINCOLN, Calif., April 19 /PRNewswire/ -- The City of Lincoln, Calif., has
 chosen U.S. Bank to provide a number of financial services to meet the city's
 growing needs. The city made it selection after a competitive bidding process
 in which 14 banks responded to its request for proposals.
     U.S. Bank will provide a number of treasury management products and
 services that will make the city's financial management more efficient and
 cost effective.
     -- A zero balance account will allow them to consolidate funds into a
        single account that automatically sweeps excess cash into an overnight
        investment account.
     -- Positive Pay will allow them to review checks presented for payment and
        reject potentially fraudulent checks.
     -- Image Check will store images of paid checks on CD-ROM, which helps
        them manage their check inventory and research paid check items quickly
        and efficiently.
     -- Information reporting via U.S. Bank Connections Web will help them
        manage their cash with previous day and current day information on all
        their accounts.
 
     "We chose U.S. Bank because they had the lowest bid and also because of
 their wide range of services and their excellent reputation for customer
 service," said Randy Graham, finance director for the City of Lincoln.
     "We are delighted to have this opportunity with the City of Lincoln," said
 Joseph Hasten, vice chairman for corporate banking at U.S. Bank.  "We base our
 business strategy on relationships, not transactions, because relationships
 are what make the difference in banking. It is those relationships that create
 the foundation on which we are building the best bank in America."
     Minneapolis-based U.S. Bancorp (NYSE:   USB), with assets in excess of
 $160 billion, is the 8th largest financial services holding company in the
 United States.  The company operates 2,242 banking offices and 5,208 ATMs, and
 provides a comprehensive line of banking, brokerage, insurance, investment,
 mortgage, trust and payment services products to consumers, businesses and
 institutions.  U.S. Bancorp is the parent company of Firstar Banks and U.S.
 Bank.  Visit U.S. Bancorp on the web at http://www.usbank.com and Firstar Bank
 at http://www.firstar.com
     The City of Lincoln is one of Northern California's best kept secrets.
 Located at the edge of Northern California foothills, Lincoln is a quiet,
 friendly community just 27 miles northeast of California's State Capital,
 Sacramento. Incorporated in 1890, the city has retained its agricultural
 heritage and is also known for it's production of clay, coal and building
 materials. Lincoln is home to the world-renowned Gladding McBean & Company,
 the only remaining major manufacturer of decorative architectural terra cotta
 in the United States, the Lincoln airport and two championship golf courses.
 The city continues to expand and grow, while retaining its small town charm.
 
 SOURCE  U.S. Bank

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