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Supplier Diversity

Corporate Sponsorship

A Message from the CEO

U.S. Bank is committed to building the best bank in America. To meet this goal, we're helping to build the best communities in America. That's why we support Supplier Diversity. It creates opportunities for more individuals and firms to do business with us. When the diverse communities we serve are strong, then we have economic vitality in the communities where we live and work.

Richard K. Davis
President and Chief Executive Officer

 

Program Mission:

The mission of the U.S. Bank Supplier Diversity program is to identify, develop and build strong relationships with certified small and diverse business enterprises that are qualified to supply U.S. Bank with quality products and services.

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What is Supplier Diversity at U.S. Bank?

Supplier Diversity demonstrates our commitment to the process of promoting business opportunity at the bank for certified minority and woman owned business enterprises (MWBEs). This includes identifying opportunities for MWBEs to participate in the competitive bid process on an equal basis with all other bidders and to promote business development of MWBEs.

Corporate Procurement Management works cross-functionally throughout U.S. Bank to identify business opportunities for diverse suppliers. The Supplier Diversity Manager acts as the liaison for all parties interested in pursuing business opportunities with the bank.

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Why Does U.S. Bank Value Supplier Diversity?

Our success is directly related to the vitality of the communities we serve. Our communities — spanning from the Ohio Valley to the Twin Cities to the Rocky Mountains to the Pacific Ocean — are made up of an increasingly diverse population. MWBEs are rapidly growing and progressing from suppliers of small commodity lines to providers of a wide variety of manufactured products and corporate services. By doing business with MWBEs, we're building bridges within the community and contributing to the growth of companies who, in turn, help us build the best bank in America.

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Eligibility Requirements:

U.S. Bank requires a company to be at least 51% owned, controlled and managed by one or more minority group members or women. Minority groups include the following:

  • African Americans
  • Hispanic Americans
  • Asian Pacific Americans
  • Native Americans
  • Asian Indian Americans

Qualifying companies must be located within the United States, its territories or its possessions.

Certified companies must submit a certification received from an authorized third party or regulatory agency. U.S. Bank accepts certification completed by regional councils of the National Minority Supplier Development Council (NMSDC) and the Women’s Business Enterprise National Council (WBENC), National Women’s Business Owner Corporation (NWBOC), National Gay & Lesbian Chamber of Commerce (NGLCC), a federal, state or local government affiliate or municipality.

We work with over 60 prime (Tier 1) suppliers to support the growth of diverse businesses by requiring the reporting of their subcontracting (Tier 2) utilization of diverse suppliers on U.S. Bank contracts.

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Program Commitment:

U.S. Bank is committed to Supplier Diversity as an enterprise-wide program in which all business lines participate. The key drivers are all employees that purchase and/or influence purchasing decisions of goods and services in our daily operations. U.S. Bank also provides support to our national and local diversity councils by volunteering on various boards of directors as well as committees. We value our relationships with our diversity stakeholders and provide support to our partners by deepening our commitment to these organizations by not only providing the funding but we also invest our time and energy.

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Program Objectives and Focus:

  • Continued organizational awareness, education and training of U.S. Bank’s Supplier Diversity Program and initiatives.
  • Tracking and reporting of U.S. Bank’s performance toward achieving defined supplier diversity goals and objectives with a strong emphasis on continuous improvement.
  • Assist business lines in the development of supplier diversity strategies that are aligned with U.S. Bank’s strategic plans.
  • Find potential diverse suppliers, including identifying opportunities to expand existing MWBE relationships.
  • Mentor and Capacity building to promote the growth and development of small and diverse businesses.
  • Attend and support outreach events that promote diverse supplier utilization such as WBENC and NMSDC national tradeshows and conferences.
  • Provide resources and tools to assist in the development and growth of small and diverse businesses.

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Our Performance:

U.S. Bank Spend with Certified MWBEs
Year Spend
2013 $280MM
2014 YTD* $143MM
*3% increase from 2013 thru June YTD

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How Can Diverse Suppliers Get Connected?

  • You can meet U.S. Bank's Supplier Diversity team and other key employees by attending local, regional and national events such as both WBENC and NMSDC National Tradeshows. In addition, U.S. Bank also plans on attending The Ohio Minority Supplier Diversity Business Opportunity Fair, North Central Minority Supplier Development Council’s Business Opportunity Fair, The Mid States Supplier Diversity Council Business Opportunity Fair and the Women's Business Development Center's 28th Annual Entrepreneurial Women's Conference to name a few. U.S. Bank's commitments and involvement vary from event to event. Please contact us at supplier.diversity@usbank.com for additional details.
  • Interested businesses may complete our Supplier Profile Registration.
  • Completing this registration will make you visible to U.S. Bank, should there be an opportunity for products/services that you can supply.
  • By registering, you are indicating that you are a certified minority- or woman-owned business. Should there be an opportunity to contract with you in the future, you will be required to provide certification verification at that point.
  • We will contact you if an opportunity for your company's products/services becomes available.

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Contact Information:

If you have questions about U.S. Bank Supplier Diversity initiatives, please email supplier.diversity@usbank.com.

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