Greenwich Associates Recognizes U.S. Bank’s Small Business and Middle Market Capabilities and Service
March 24 2015 - 11:00AM
Business Wire
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. BankU.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.
Pat Swanson, U.S. Bank Corporate Communications(651) 587-3590,
patrick.swanson@usbank.com
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