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Thirty College Scholarships Available From 13th Annual U.S. Bank Internet Scholarship Program

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 12, 2008--U.S. Bank's 13th annual Internet scholarship program is now accepting applications. Eligible high school seniors can now go online to access this source of college scholarship dollars at www.usbank.com/studentbanking. The U.S. Bank Internet Scholarship program, available only via U.S. Bank's web site, will award up to 30 college scholarships valued at $1,000 each to graduates of the high school class of 2009. Scholarship awards for the past 12 years total more than $320,000.

"With a weakened economy and tightened family budgets, a $1,000 scholarship from U.S. Bank is more important than ever," said Beth Dinndorf, senior vice president and manager of U.S. Bank Student Banking. "Students and parents can use U.S. Bank's powerful search engine found at www.usbank.com/studentbanking to locate many scholarship programs. As a leader in providing student loans for more than 40 years, U.S. Bank is committed to helping students and families achieve their higher education goals."

The U.S. Bank Internet Scholarship Program application is available exclusively via the Internet between now and February 28, 2009. Internet access is available at most high schools and public libraries at no charge.

Scholarship award recipients are selected through a random drawing process. Students who plan to attend an accredited two- or four-year college in the fall of 2009 in a full-time course of study are eligible to apply. They must also be a United States citizen or permanent resident alien, and graduate from high school during the 2008-2009 academic year. Visit the web site at www.usbank.com/studentbanking for additional scholarship information.

Recipients of a U.S. Bank Internet Scholarship will be notified of their selection during the spring of 2009. Only high school seniors are eligible for this scholarship program.

U.S. Bank is one of the top student banking institutions in the nation, providing a comprehensive line of student banking products including student loans, campus ID card programs, Internet banking, U.S. Bank student checking and savings, and Visa Buxx(R) prepaid spending cards. U.S. Bank student loans offer quality toll-free customer service, state-of-the-art loan processing, and online application accessibility. Student loan products include Federal Stafford, PLUS, and Supplemental education loans.

U.S. Bancorp (NYSE: USB), with assets of $247 billion, is the 6th largest commercial bank in the United States as of Sept. 30, 2008. The company operates 2,556 banking offices and 4,903 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

Amy Frantti, Media Relations, 612-303-0733

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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