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U.S. Bancorp Honors Outstanding Employee Volunteerism With Fourth Annual Five Star Volunteer Awards
MINNEAPOLIS, May 07, 2008 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB), the parent company of U.S. Bank, continues its dedication to the communities it serves by supporting nonprofit organizations and encouraging and rewarding the extraordinary volunteer work of its 54,000 employees with the fourth annual U.S. Bank Five Star Volunteer Award program.

U.S. Bancorp will recognize more than 100 employees who provide exceptional volunteer service to a nonprofit organization in their community. In addition to company recognition, U.S. Bancorp will award the nonprofit up to $1,000 in honor of the employee. The U.S. Bank Five Star Volunteer Award winners will be announced third quarter of 2008.

"U.S. Bancorp employees from all across our company contribute countless hours of their personal time, talent and effort to the causes that mean a lot to them," said Deborah Burke, director of the U.S. Bancorp Foundation. "The Five Star Volunteer Award program is a way for us to honor the hard work and dedication of our employee volunteers who help make our communities thrive."

In addition to the Five Star Volunteer Awards, U.S. Bancorp also encourages its employees to volunteer through its Five Star Volunteer Day program. Introduced this year, Five Star Volunteer Day gives all eligible U.S. Bancorp employees 8 hours of paid time off each year to volunteer in their community at organizations such as nonprofit or civic agencies and schools.

U.S. Bank Five Star Volunteer Award nominations may be made by a U.S. Bancorp employee or by a nonprofit organization. To request a nomination form, send an e-mail to: fivestarvolunteer@usbank.com. The 2008 nomination deadline is Friday, May 23.

U.S. Bancorp, with $242 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,522 banking offices and 4,844 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. Bancorp
Jennifer Wendt, Media Relations, 612-303-0733
jennifer.wendt@usbank.com

"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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