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U.S. Bank Names New SBA Division National Sales Manager

SAN DIEGO--(BUSINESS WIRE)--Nov. 21, 2007--U.S. Bank (NYSE:USB) has named Erik W. Daniels executive vice president and national sales manager for its SBA Division. In his newly created position, Daniels will manage SBA Division's sales and marketing activities across a 24-state footprint. The SBA Division is headquartered in San Diego and operates three regional sales offices located in Louisville, Ky., Denver and Sacramento.

During the U.S. Small Business Administration's recently ended fiscal year 2007, U.S. Bank provided $486.4 million in SBA-guaranteed loans to 5,353 small businesses, according to SBA information.

A native of Los Angeles, Daniels has more than 16 years of small business lending experience. Prior to joining U.S. Bank, he was senior vice president and western regional sales manager for Business Loan Express in Alhambra, Calif. He has also served as vice president and SBA division manager for the California Region of Banco Popular North America in Commerce, Calif.

"We are very pleased to add Erik Daniels to our SBA team," said Mike Rizzo, U.S. Bank executive vice president. "He has extensive SBA and small business lending experience and I anticipate that Erik will be immediately effective in leading our SBA sales professionals as well as working with our referral sources both within U.S. Bank and externally."

Daniels is a member of the National Association of Government Guaranteed Lenders (NAGGL). He earned a Bachelor of Science degree in Business Administration from California Polytechnic University, Pomona. He resides in the Los Angeles area.

U.S. Bancorp, with $228 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,512 banking offices and 4,870 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 photo is available upon request to Teri Charest at 612-303-0732 or teri.charest@usbank.com.

CONTACT: U.S. Bancorp
Teri Charest, Media Relations, 612-303-0732
teri.charest@usbank.com

SOURCE: U.S. Bancorp

"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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