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U.S. Bank Issues 30 Millionth Gift Card; Remains Number One Visa Gift Card Issuer in the Nation

MINNEAPOLIS--(BUSINESS WIRE)--Apr. 17, 2009-- U.S. Bank recently issued its 30 millionth gift card, reinforcing its place as the top Visa® gift card issuer and a leader in prepaid cards across the United States.

"As a national leader and innovator in prepaid cards, this is an exciting milestone for U.S. Bank,” said Ralph Bianco, senior vice president and head of U.S. Bank's prepaid cards program. “It shows that gift cards continue to be very popular with consumers for safe and convenient gift giving in lieu of cash or checks.”

There are several major spikes in gift card sales that tend to come in spring and summer around graduation and Father's Day ("dads and grads"), and around the December holiday season. Customers can purchase U.S. Bank Visa Gift Cards at any branch location, or online at www.usbank.com. U.S. Bank issued gift cards are also available at many of the nation's leading malls.

U.S. Bank is the nation’s number one issuer of Visa prepaid cards. The company provides prepaid solutions for teens with the U.S. Bank Visa Buxx® Card, for travelers with the U.S. Bank Visa TravelMoney® Card, for gift-givers with the U.S. Bank Visa Gift Card, and for businesses and government with the U.S. Bank AccelaPay® Visa Card and the U.S. Bank ReliaCard® Visa. Funds are easy to access while safely stored in a card account. For more information, visit www.usbank.com/prepaid.

U.S. Bancorp (NYSE: USB), with $266 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. 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 www.usbank.com.

Source: U.S. Bank

U.S. Bank Media Relations
Teri Charest, 612-303-0732

"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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