[arch-general] Label and Format USB Drive

I have a USB thrumb drive when I mount it, it mounts fine and shows up as "USBDRIVE" on my system. I would like to know how I can reformat the drive as fat32 using the 'mkfs' command and also setting a new system label on the drive as "ocz_usb"? I do not appear to have the tools installed on my Arch system that allow me to format as fat32 and can't find the command to format and set the label? Can this be done in one command step?