California State University, Fullerton

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Young Students Benefit From U.S. Bank Gift

Nov. 16, 2012

U.S. Bank is dedicated to financial education.

A great example of that is the $500,000 grant from the bank that helped establish the U.S. Bank Economic Empowerment Program within Cal State Fullerton's Mihaylo College of Business and Economics.

The first group of eighth graders from area schools is currently participating in the program, which doubles every $10 bill a student deposits each month into a college savings account — every month for five years. Students also attend two financial education summer institutes at Cal State Fullerton.

Operated through Cal State Fullerton's Center for Economic Education and the Small Business Development Center, the program also provides assistance and training to help small business owners.

Minneapolis-based U.S. Bancorp, with $341 billion in assets, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States.

For nearly 10 years the bank has served as the title sponsor of the annual Economic Forecast Conference, sponsored by the Orange County Business Council and the Mihaylo College of Business and Economics.

Richard Davis ’83 (B.A. economics), chairman, president and CEO of U.S. Bancorp, has volunteered his participation over the years as a conference speaker. “Empowering individuals with the financial know-how to succeed, both personally and professionally, is important to everyone at U.S. Bank,” Davis said after he presented University officials with the grant at the 2010 Economic Forecast.

For more information about giving to Mihaylo College of Business and Economics, contact Carol Spencer, Director of Development, at cspencer@fullerton.edu or 657-278-2857.

By: Michael Mahi, 657-278-5143

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