The team ranking is based on the financial performance of the company, percentage of women officers and executives firm wide, performance of women-led business units and functional areas, and growth-engine businesses led by women. This is the fifth year that U.S. Banker has published a "Most Powerful Women in Banking" issue and the second year that the magazine has featured a team award. U.S. Bancorp has taken top honors both times.

Pam Joseph, vice chairman for payments, and Diane Thormodsgard, vice chairman of wealth management at U.S. Bancorp, were named among the most powerful women in banking. Joseph ranked sixth and Thormodsgard ranked tenth.

"After profiling hundreds of women during the past five years, it has become clear that organizations that foster greater diversity among their executive ranks produced top performances and more tightly integrated visions across the banking enterprise. In 2007, U.S. Bancorp has demonstrated this excellence, led in great part by the enormous contributions of Pam Joseph and Diane Thormodsgard. The leadership they demonstrate echoes throughout the organization," said Holly Sraeel, editor-in-chief of U.S. Banker magazine.

"Those of us who have the great pleasure of working with these women day in and day out know how fortunate we are to call them colleagues," said Richard Davis, president and chief executive officer of U.S. Bancorp. "We are deeply grateful and appreciative of the wealth of talent that we have across this company, men and women. I welcome every opportunity to remind them just how valuable they are to our company, and why they make this one of the best places to work."

A state-by-state list of the U.S. Bancorp women recognized with the team award follows, below.

  Arizona
  Hope Levin, market president, Arizona (Phoenix)
  Amy Hurd, senior vice president, consumer banking (Phoenix)
  Judie Verb, senior vice president, consumer banking (Phoenix)

  California
  Joan Stigliano, senior vice president, commercial banking (Los
   Angeles)

  Colorado
  Stacie Allyn, senior vice president, commercial real estate (Denver)
  Valerie Heller, senior vice president, commercial real estate
   (Denver)
  Elizabeth Hund, senior vice president, corporate banking (Denver)

  Georgia
  Pamela Joseph, vice chairman, payments (Atlanta)

  Idaho
  Lori Tomasovic-Dizes, senior vice president, consumer banking
   (Boise)


  Minnesota
  Diane Thormodsgard, vice chairman, wealth management (Minneapolis)
  Jennie Carlson, executive vice president, human resources
   (Minneapolis)
  Mary Blegen, executive vice president, human resources (St. Paul)
  Julie Cornelius, executive vice president, technology and operations
   (St. Paul)
  Janet Estep, executive vice president, payments (St. Paul)
  Jeanne Fichtel, senior vice president, consumer banking (St. Paul)
  Christine Hobrough, senior vice president, consumer banking
   (Minneapolis)
  Jeanne Rudelius, senior vice president, corporate banking
   (Minneapolis)
  Virginia Kremer, senior vice president, corporate risk management
   (Minneapolis)
  Rita Jones, senior vice president, credit administration
   (Minneapolis)
  Judy Murphy, senior vice president, investor relations (Minneapolis)
  Judy Werthauser, senior vice president, human resources
   (Minneapolis)
  Andrea Kaufman, senior vice president, legal (Minneapolis)

  Missouri
  Frankie Eichenberger, senior vice president, consumer banking (St.
   Louis)
  Karen Myers, senior vice president, corporate banking (St. Louis)
  Kathy Bader, senior vice president, Community Development
   Corporation (St. Louis)

  Nevada
  Lori Soren, senior vice president, commercial banking (Nevada)

  New York
  Leslie Godridge, executive vice president, corporate banking (New
   York)

  Ohio
  Kathy Ashcraft, executive vice president, finance (Cincinnati)
  Cathy Myers, senior vice president, consumer banking (Cincinnati)
  Jenny Powell, senior vice president, marketing (Cincinnati)
  Charlotte Manison, senior vice president, consumer banking
   (Cincinnati)
  Lucille Conley, senior vice president, consumer banking (Cincinnati)

  Oregon
  Malia Wasson, market president, Oregon (Portland)
  Tina Foster, executive vice president, consumer banking (Portland)

  Wisconsin
  Lisa Glover, senior vice president, consumer banking (Milwaukee)
  Nancy Smetek, senior vice president, corporate risk management
   (Milwaukee)
  Lynn Richtman, senior vice president, corporate banking (Milwaukee)
  Sherry Calbaum, senior vice president, corporate risk management
   (Princeton)

U.S. Banker is a monthly magazine published by SourceMedia and is not affiliated with U.S. Bancorp. It is the leading magazine for senior banking executives, written for individuals who are charged with generating greater profits and shareholder value for their financial institutions.

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.

SOURCE: U.S. Bancorp

U.S. Bank Media Relations
Steve Dale, 612-303-0784
steve.dale@usbank.com
or
U.S. Bank Media Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com