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U.S. Bank Donates $100,000 to Nonprofit Organizations to Honor Five Star Volunteer Award Winners

MINNEAPOLIS--(BUSINESS WIRE)--Aug. 7, 2008--U.S. Bank has selected the most recent recipients of the U.S. Bank Five Star Volunteer Award, which honors employees for their exceptional volunteer service in the community this year. To recognize the 136 outstanding volunteers located in 25 states, U.S. Bank will contribute a total of $100,000 to nonprofit organizations in their honor.

Recipients of the U.S. Bank Five Star Volunteer Award were chosen based on criteria such as community impact and depth of volunteer service. Nominations for the Five Star Volunteer Award were submitted by employees, coworkers and the organizations where U.S. Bank employees volunteer.

"Volunteerism plays a crucial role in the overall success of our communities," said Deborah Burke, director of the U.S. Bancorp Foundation. "U.S. Bancorp employees throughout the country donate their time and talents to local organizations that are important to them, and we're pleased to honor these 136 employees in particular who have demonstrated some of the most noteworthy achievements through their volunteer efforts."

In addition to the Five Star Volunteer Award, 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. Bancorp (NYSE:USB) has a long-standing record of community leadership in the key areas of affordable housing, economic opportunity, arts and culture, education and community service. The company received the highest rating possible from the Office of the Comptroller of Currency in 2006, the most recent evaluation period, for its commitment to the Community Reinvestment Act (CRA), meeting the credit needs of all segments of the communities that U.S. Bancorp serves.

U.S. Bancorp, with $247 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,542 banking offices and 4,895 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.

CONTACT: U.S. Bank
Jennifer Wendt, 612-303-0731
jennifer.wendt@usbank.com

SOURCE: U.S. Bank

"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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