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U.S. Bank Offers Financial Assistance to Flooded Nashville

NASHVILLE, Tenn., May 07, 2010 (BUSINESS WIRE) --U.S. Bank has developed a special relief package to support individuals, families and businesses impacted by recent storms and flooding in the Nashville area. Existing and new customers can apply for emergency small business loans up to $25,000, or for low-interest auto, reduced unsecured five-year loans, or special home equity credit line rates. More than 50 automated teller machines are available for people to use throughout the area.

Dedicated customer service representatives are available to assist individuals and businesses that have been significantly affected and who have suffered a loss. Impacted customers should stop by any U.S. Bank office or call 888-444-BANK (2265). Small business customers can call U.S. Bank at 800-673-3555.

"One of the great things about this company is our ability to be flexible and accommodate the needs of our customers and communities that are in a state of emergency," said Ward Wilson, the market president for U.S. Bank in Nashville. "We will be reaching out to customers in many ways and ask that if anyone has been displaced or is in need of financial support to call us or stop by any of our U.S. Bank offices throughout Tennessee."

U.S. Bank will be making a donation to the American Red Cross' flood relief efforts. It is also supporting "Hands on Nashville," an organization set up by the Mayor's office Emergency Management, to facilitate volunteer clean up efforts in Davidson County. Donations can be made to the Hands on Nashville fund at any U.S. Bank office.

U.S. Bank employees who were impacted by the floods have dedicated human resource and employee assistance programs available to them providing everything from financial assistance to stress counseling. U.S. Bank has also empowered local managers to offer employees impacted by the flood special dispensation to take care of their families or their neighborhoods.

There are more than 600 employees across the state and more than 50 U.S. Bank offices throughout Middle Tennessee. No U.S. Bank properties incurred structural loss or damages. Four were temporarily closed just after the flooding due to electricity loss, two traditional offices at 7612 US Highway 70 South and 150 4th Avenue North, and two Publix in-store office locations at 4th Avenue North and 8028B Hwy 100 in Nashville, but all now have employees standing by to assist customers.

U.S. Bank will employ its standard credit qualification procedures for all loan requests in the flood assistance program. To participate, consumers or small business owners should have proof of damage, such as insurance forms, estimates of repair costs or other documentation, and their most recent tax return. The small business loan will be available as long as the loan is booked by June 30, 2010.

U.S. Bancorp (NYSE: USB), with $282 billion in assets as of March 31, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,025 banking offices in 24 states and 5,312 ATMs 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
Steve Dale, 612-303-0784
or
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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