U.S. Bank Sponsors Asian Small Business Expo in Alhambra, Calif.
ALHAMBRA, Calif.--(BUSINESS WIRE)-- U.S. Bank is title sponsor of the 13th Annual Asian Small Business Expo, which takes place on Saturday, Sept. 22 at the Almansor Court Banquet and Conference Center, 700 S. Almansor Street in Alhambra, Calif. The expo is hosted by the Asian Pacific Islander Small Business Program (API SBP).
Hundreds of business owners will hear stories of success and lessons learned from their peers, including the state of small business financing from local lenders. Ann Liu, manger of the U.S. Bank office at Hacienda Heights, will discuss access to capital in a presentation that begins at 10 a.m. Liu has had deep experience working with Asian business owners since she started with U.S. Bank in 2004.
"The Asian population continues to be concentrated in the west and has grown more than 45 percent in the last 10 years," Liu said. "U.S. Bank is focused on serving the Asian community in our market by putting the strength and expertise of our team to work for small businesses."
"API SBP is honored to have U.S. Bank serve once again as our title sponsor," said Ron Fong, director of the Asian Pacific Islander Small Business Program. "We are greatly pleased with their longstanding commitment to the Asian small business community. U.S. Bank's lending to small businesses has actually grown during these difficult economic times, which is a testament to their dedication to small businesses of every ethnicity."
The expo is free to attend. Visit www.apisbp.org for more information about the expo, its sponsors and ways to become engaged with the organization. Formed in 1999, API SBP is a collaborative of five community organizations: the Chinatown Service Center, Koreatown Youth & Community Center, Little Tokyo Service Center CDC, Search to Involve Pilipino Americans and Thai Community Development Center.
In addition to its role as a title sponsor of the small business expo for several years, U.S. Bank supports the Asian Pacific Islander Small Business Program with grant funding. U.S. Bank provided more than $2.4 million in local charitable contributions to Los Angeles area nonprofits and employees devoted more than 1,600 volunteer hours in the area in 2011. In addition, small business lending at U.S. Bank in Los Angeles is up 27 percent in the second quarter of 2012 compared with the same period last year.
U.S. Bank is a leader in providing financing and expertise to small businesses nationwide. Small business lending at U.S. Bank was up 3.8 percent as of the second quarter of 2012 compared with the same period last year across the bank's 25-state footprint. U.S. Bank offers a website for small business owners called "Connect" at www.usbankconnect.com.
U.S. Bank has 226 branches and nearly 2,700 employees in Los Angeles. U.S. Bancorp (NYS: USB) , with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,085 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 and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.
Teri Charest, U.S. Bank Media Relations
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