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Cincinnati/Northern Kentucky International Airport Selects U.S. Bank as Its Depository
CINCINNATI, Jan 09, 2008 (BUSINESS WIRE) -- U.S. Bank has been awarded the depository and treasury management services business for the Kenton County Airport Board, operator of the Cincinnati/Northern Kentucky International Airport. Sheila Hammons, the airport's senior director of finance, said that for the next five years, U.S. Bank will also provide institutional trust and custody services. As part of the arrangement, the airport will use U.S. Bank's SinglePoint treasury management platform and business credit card services.

Jim Schwab, U.S. Bank Cincinnati market president, said, "This was truly an opportunity for U.S. Bank to showcase its team of talented bankers and I want to commend Dave Smith, vice president of government banking, and Sharen Ritter, vice president of treasury management, who were instrumental in leading our efforts to help make this partnership with the airport possible." Dan Groneck, U.S. Bank Northern Kentucky market president added, "Everyday we stand by our guarantee to help individuals, institutions and companies, both large and small, to make the most of their money, while providing technological innovation and a strong customer service focus."

According to Schwab, the SinglePoint platform was developed by U.S. Bank's treasury management division to integrate the bank's powerful banking services into a secure, easy-to-use web site. "By accessing our bank's complete suite of treasury management services from a single point, customers are better able to manage their financial position by monitoring account activity, retrieving information, creating reports and viewing images." He noted that U.S. Bank's One Card program, issued in conjunction with Visa, gives companies the opportunity to merge separate employee expense cards into one and integrate travel, fleet and purchasing transactions into an existing payment system. U.S. Bank Institutional trust and custody division has over $1 trillion in assets under administration is a top 10 custodian with 30 coast-to-coast offices.

CVG, as the Cincinnati/Northern Kentucky Airport is known on luggage tags throughout the world, offers nonstop service to 120 cities, nearly three times the number of destinations served by the five surrounding airports combined.

U.S. Bancorp (NYSE:USB), 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.

SOURCE: U.S. Bank

U.S. Bank Media Relations
Lisa Clark, 608-877-7517

"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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