MINNEAPOLIS--(BUSINESS WIRE)--Jul. 14, 2009-- U.S. Bancorp (NYSE:USB) has been named the “Best Bank in the U.S.” by Euromoney magazine as part of its 2009 Awards for Excellence. The award was presented at an event hosted by Euromoney in London on July 8, 2009.

The publication praised U.S. Bancorp’s performance during the rollercoaster economy of the last year, and noted that “U.S. Bancorp has been seen as a safe pair of hands with a balance sheet to use, and companies have needed banks over turbulent times that can lend when loans are due for renewal.”

“Investors in U.S. Bancorp have shown their positive view by buying up a stock offering, and the company passed the stress tests where others failed. The company is well-capitalized and has continued to grow its loans, mortgages and deposits,” said Helen Avery, U.S. editor of Euromoney. “All in all, U.S. Bancorp has made some great achievements in what has been a challenging time in the banking industry.”

Euromoney, the world’s leading financial markets magazine, has selected the outstanding institutions in finance with its annual Awards for Excellence since 1992. The awards include global recognition for organizations within banking and capital markets, and they give recognition to the best banks and security houses in almost 100 countries around the world.

U.S. Bancorp, with $264 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,847 banking offices and 5,183 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.

Source: U.S. Bancorp

U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judith T. Murphy (Analysts), 612-303-0783