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U.S. Bank Wealth Management Group Names Michael Boardman Central Region President and Twin Cities Market Leader
MINNEAPOLIS, Jun 06, 2008 (BUSINESS WIRE) -- Michael Boardman has been named Central region president and Twin Cities market leader for the U.S. Bank Wealth Management Group. He reports directly to Mark Jordahl, president of the U.S. Bank Wealth Management Group.

"Michael brings great depth and experience to the U.S. Bank Wealth Management Group, which will be instrumental in building and growing the bank's wealth management business in the Twin Cities and overall Central region," said Jordahl.

The Central region comprises Minnesota, Wisconsin, South Dakota, Nebraska and Iowa.

Boardman is also a dedicated member of the Twin Cities community through his contributions as a member of the Minneapolis Institute of Art's board of directors, the Minneapolis Club's board of governors, as vice chairman of the Guthrie Theater Business Council and as a member of the board of trustees of the Blake School. He is also a youth hockey coach.

Previously, Boardman held senior wealth management positions at U.S. Trust Company, Charles Schwab & Co., Inc. and Chase Manhattan Corp. Most recently he was market executive and regional chief executive officer at U.S. Trust Company in Minneapolis.

Boardman earned a Bachelor of Arts degree from Middlebury College in Vermont, and a Master of Business Administration from Columbia University in New York City.

Boardman works at U.S. Bank's corporate headquarters at 800 Nicollet Mall in downtown Minneapolis. He resides in the Twin Cities area with his wife and three children.

The Wealth Management Group of U.S. Bancorp is comprised of the company's personal trust, private banking, and private asset management businesses, as well as the company's broker/dealer subsidiary, U.S. Bancorp Investments and Insurance, LLC.

U.S. Bancorp (NYSE: USB), 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, and 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 digital photo of Michael Boardman is available; contact Amy Frantti.

SOURCE: U.S. Bancorp

U.S. Bank
Amy Frantti, Media Relations, 612-303-0733
amy.frantti@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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