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U.S. Bank Collects School Supplies for Military Families Through U.S. Bank Branches

SAN DIEGO--(BUSINESS WIRE)--July 23, 2007--U.S. Bank is collecting school supplies for children of military families through all of its 40 U.S. Bank locations in San Diego County now through Aug. 8. The drive is in support of Operation Homefront, a nonprofit organization that provides a broad base of support for families whose loved ones are serving their country on deployment.

This is the second year that U.S. Bank employees have collected school supplies for Operation Homefront. Last year, the bank collected 10,000 items, which it expects to surpass this year.

"So many people want to do whatever they can to support our troops, so we are taking what was a tremendously successful event for our employees last year and making it something that U.S. Bank employees and customers can do together," said John Zygowicz, president of U.S. Bank in San Diego.

Donated items will be distributed to pre-registered families from 10 a.m. to 1 p.m. on August 11 at the Murphy Canyon Chapel, 3495 Santo Road in San Diego and from 1 p.m. to 4 p.m. on August 12 at Saturn West 78, 2205 Vista Way in Oceanside. U.S. Bank employees will volunteer at the distribution centers to assist with the event and personally thank families for their sacrifice on behalf of the nation.

Families must register at www.operationhomefront.net/sandiego to receive school supplies at the distributions. Only military families E6 and below and children in grades K-12 are eligible to sign up for this program, and military identification is required on distribution day to show eligibility.

To find a U.S. Bank in San Diego visit the online locator at www.usbank.com/usbanklocations/search.jsp.

The U.S. Bank employee collection effort is part of U.S. Bank's national sponsorship of the sixth annual Community Build Day, a project of the Financial Services Roundtable. U.S. Bank will participate with more than 160 Community Build Day projects in 106 communities across 31 states on or around Saturday, Aug. 4. The Financial Services Roundtable is a trade association of 100 of the largest integrated financial services companies in the United States.

Operation Homefront is a national nonprofit that began in San Diego and now serves military families nationwide. It provides emergency support and morale to our military troops, the families they leave behind during deployment and wounded warriors when they return home. For more information, visit www.operationhomefront.net/sandiego.

U.S. Bancorp (NYSE:USB), with $223 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,499 banking offices and 4,867 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.

    CONTACT: U.S. Bank
             Teri Charest, 612-303-0732
             Operation Homefront
             Tricia De La Paz, 858-695-6810

    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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