MINNEAPOLIS--(BUSINESS WIRE)--Jan. 27, 2009--The board of directors of U.S. Bancorp (NYSE: USB) has declared a cash
dividend of $12.63888889 per share on its Series E Fixed-Rate Cumulative
Perpetual Preferred Stock. This preferred dividend is payable on
February 17, 2009, to the shareholder of record as of January 31, 2009.
This is the first quarterly dividend payment to the U.S. Department of
the Treasury, the shareholder of record, on the preferred stock issued
to it by U.S. Bancorp under the Capital Purchase Program of the
government's Troubled Asset Relief Program (TARP).
U.S. Bancorp, with $266 billion in assets, is the parent company of U.S.
Bank, the 6th largest commercial bank in the United States as of
September 30, 2008. The company operates 2,791 banking offices and 5,164
ATMs in 24 states, 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 usbank.com.
CONTACT: U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judith T. Murphy (Analysts), 612-303-0783
Source: U.S. Bancorp