We draw strength from diversity.
Our One U.S. Bank approach to diversity, equity and inclusion (DEI) is unique. We bring together all stakeholders through a four-pillar strategy encompassing customers, communities, employees and suppliers. Inclusive, equitable actions and diverse perspectives are essential to maintaining our best-in-class culture of ethics and integrity. All of this is made possible by our employees. We support employees at all levels of the organization with tools, resources and opportunities to practice inclusive behavior, because it is the right thing to do.
We train employees to recognize and mitigate bias.
All U.S. Bank employees take unconscious bias training. Additionally, in 2019, we launched inclusive leader training with 35 workshops reaching 850 leaders in eight cities and held experiential learning opportunities in five cities for 1,250 employees targeting mid-level and above leaders.
In addition, we held women’s professional development workshops in nine cities, which included:
- 21Development workshops
- 200Male allies
Male allyship is a cornerstone of our approach; progress starts by acknowledging systemic inequities and working together to change them within U.S. Bank.
We have appreciated a great partnership with U.S. Bank as they have gone above and beyond by providing our growing business support through their Supplier Diversity program. This year U.S. Bank sponsored our attendance to Tuck at Dartmouth, where we received Ivy league education on business planning, development and management. This would not have been possible without U.S. Bank’s backing of diversity and women-owned businesses.
Five-year investment highlights U.S. Bank’s commitment to diversity, equity and inclusion.
In 2019, we made a $1 million investment to the Smithsonian’s National Museum of African American History and Culture(opens new window) (NMAAHC) in Washington, D.C. With this five-year investment, we joined the prestigious Corporate Leadership Council, a community of engaged corporate donors whose values reflect a commitment to diversity, equity and inclusion.
Six partners announce new funding for Entrepreneurs of Color Fund.
We invested over $1 million in the Chicago Entrepreneurs of Color Fund in 2019. The fund, launched in July 2018, provides access to capital to minority-owned small businesses on Chicago’s South and West side, helping stimulate economic growth in these communities to invest in their future.
In its first year, the fund provided loans to 130 minority-owned small businesses totaling more than $1.7 million and resulting in nearly 400 new or preserved jobs. More than half of those loans support minority women-owned businesses.
At U.S. Bank, we are focused on economic, community and workforce development. We know however, that historically, people of color, women and those in low-income communities are underserved and struggle to access capital to start and expand businesses in their neighborhoods. The Entrepreneurs of Color Fund is a specific and tangible way we can work to close those gaps and remove obstacles that keep people from achieving their possible.
A recent makeover is the latest in how employees make sure the branch reflects its surrounding community.
A rainbow crosswalk leads the way to our U.S. Bank branch in West Hollywood.
The colorful display of Pride continues inside. This past summer, the branch was updated with permanent artwork and signage that celebrates the LGBTQ community.
As a company that holds drawing strength from diversity as a core value, the branch makeover just scratches the surface of our efforts across the company. We have been recognized by the Human Rights Campaign as a Best Place to Work for LBGTQ Equality for 13 consecutive years and we are a proud signatory of the Equality Act.
During this time, we have demonstrated our commitment to supporting the LGBTQ community by: encouraging employee participation in Pride events through the Spectrum BRG and encouraging employees to share the pronouns by which they want to be addressed. We’ve shown this by donating funds to and volunteering with LGBTQ-focused nonprofit organizations including same-sex couples in marketing campaigns, and embracing gender-inclusive terminology, financing one of the first LGBTQ-affirming senior affordable housing projects(opens new window) in the country and partnering with artists to launch a Pride-inspired debit card.
U.S. Bank District Manager, Hany Haddad, said the branch updates are a nod to its history. In the 1980s, the branch was headquarters for the Bank of Los Angeles, which was founded and run by Sheldon Andelson, one of the few openly gay executives in the banking industry and a nationally-recognized LGBTQ rights advocate.
For Haddad, it’s also a continuation of efforts to ensure that the branch reflects the present and future of the surrounding community, which has one of the densest LGBTQ populations in the country.
“Imagery is really powerful,” he said. “We have all been moved by things we have seen. Even when it comes to marketing, let’s see a gay couple, a lesbian couple. It resonates to see your community in brightness.”
In West Hollywood and in the LGBTQ community, there is a stripe for everyone. I want U.S. Bank to be seen the same way.