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U.S. Bank to Open Next Spring in New Ohio Union at The Ohio State University

COLUMBUS, Ohio--(BUSINESS WIRE)-- U.S. Bank (NYSE: USB) will be opening a new, full-service office in the Spring of 2010 to cater to The Ohio State University students, faculty and the community. It will be located in the front entrance of the new Ohio Union at 1739 North High St. U.S. Bank will have four ATMs placed throughout the new Ohio Union as well.

Dave Sceva, U.S. Bank Central Ohio market president and a 1979 OSU alum, said that, despite the current economic environment, U.S. Bank is excited to continue to invest in the Columbus area with 49 traditional, in-store and on-site locations in Central Ohio, with the addition of the new Ohio Union office. “This will be our seventh new branch office opening in Central Ohio since January 2008.”

Sceva said that the new office will serve students, faculty, staff and visitors Monday through Friday from 8 a.m. until 5 p.m. with branch hours on Saturdays as well. At the new office, students can open a free checking account with cash back rewards, free Internet Banking and free Bill Pay along with no ATM fees for withdrawals at a U.S. Bank ATM or any ATM linked to the MoneyPass network. Those concerned about keeping track of where they stand on their account can receive a text or email message when their balance reaches a certain amount. Faculty, staff, visitors and businesses can also take advantage of these products and services.

U.S. Bank is currently partnering with 48 colleges and universities throughout the country – including Xavier University and Northern Kentucky University — to provide student banking services. U.S. Bank is the largest on-site bank for universities and colleges in the United States. For more information, visit usbank.com/studentbanking.

U.S. Bancorp, with $265 billion in assets as of September 30, 2009, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,851 banking offices and 5,175 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. Bank

U.S. Bank
Lisa H. Clark, 608-877-7517

"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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