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U.S. Bank's Gailen Veurink Honored by Minneapolis/St. Paul Business Journal

MINNEAPOLIS--(BUSINESS WIRE)--May 18, 2007--A U.S. Bank employee has been honored by the Minneapolis/St. Paul Business Journal. Gailen Veurink, chief operations officer and senior vice president for U.S. Bank Retail Payment Solutions, was named one of the Business Journal's 40 Under Forty honorees for 2007. Veurink and the other honorees were recognized during an awards reception at the Minneapolis Club in downtown Minneapolis on May 17. All honorees are featured in the 40 Under Forty special publication in the Friday, May 18 edition of the Minneapolis/St. Paul Business Journal.

The 40 Under Forty award is bestowed upon 40 honorees based on their professional accomplishments, demonstrated leadership and community contributions.

Veurink's group supports U.S. Bank's consumer, small business and corporate credit card businesses as well as its debit card business. His operational responsibilities include functions such as underwriting, customer service, disputes, fraud management, collections, integration and card issuance. Veurink's area is responsible for millions of customer interactions every month through various channels.

"Gailen has earned the respect of the 1,700 employees that he leads," said Patrick Coll, executive vice president of U.S. Bank Retail Payment Solutions. "The retail payments solutions division is critical to the company's overall profitability and growth, and has delivered consistent sales growth over the years. Under Gailen's leadership, his group has successfully supported that growth, and produced tremendous business results that has helped U.S. Bank grow to become the 5th largest issuer of payments cards in the industry based on sales volume."

Veurink has been with U.S. Bank in various leadership roles since 1999. Prior to his employment at U.S. Bank, he spent approximately ten years in the card industry with Citibank.

Veurink is active in the community as a volunteer coach of a YMCA basketball team and with activities at his children's school. Veurink has been involved in various leadership capacities at his church, Bridgewood Church in Savage, Minnesota, and supports the Greater Twin Cities United Way.

Veurink received his Bachelor of Arts degree in business administration from Dordt College in Sioux Center, Iowa. He resides in Savage, Minnesota, with his wife, Stephanie, and their three children.

U.S. Bancorp (NYSE:USB), with $221 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,498 banking offices and 4,837 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Note to editors: a digital photo of Gailen Veurink is available. Contact Amy Frantti.

    CONTACT: U.S. Bank
             Amy Frantti, Media Relations, 612-303-0733

    SOURCE: U.S. Bank
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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