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U.S. Bank Wealth Management's Ultra High Net Worth Group Appoints Scott Winget to New Leadership Position

MINNEAPOLIS, Mar 23, 2011 (BUSINESS WIRE) --

As part of a continued focus on expanding its business, U.S. Bank Wealth Management announced today the appointment of Scott Winget as senior managing director of wealth planning for U.S. Bank's Ultra High Net Worth Group. Winget will develop and lead complex wealth planning, family education, governance and stewardship for all ultra high net worth clients. His group will also serve as a resource to the team members of the ultra high net worth business for training, wealth planning product development, technical support and public outreach. Winget, who comes to U.S. Bank from Wells Fargo, reports to Michael Cole, president of U.S. Bank's Ultra High Net Worth Group.

"Scott Winget brings great depth and experience to U.S. Bank Wealth Management's ultra high net worth business," Cole said. "He is a seasoned executive, and his background in providing sophisticated planning services for ultra high net worth families will help us serve our clients more effectively."

Winget has more than 18 years of experience in the planning and financial services industries. Prior to joining U.S. Bank, he was senior vice president and managing director of the Wells Fargo Wealth Planning Center, where he managed sophisticated fee-based planning for clients of Wells Fargo Family Wealth. Prior to joining Wells Fargo, Winget held positions as vice president and wealth planning advisor for Fifth Third Bank; supervising manager overseeing multifamily office client relationships for Paragon Advisors; senior wealth transfer specialist for Key Bank/McDonald Investments; tax and personal financing manager for Ernst & Young LLP; and senior tax consultant for Arthur Anderson LLP.

Winget holds a J.D. from The Ohio State University Moritz College of Law and graduated cum laude from The Ohio State University with a B.S.B.A. degree in accounting and finance. He is also licensed as a certified public accountant with the Ohio and Colorado Boards of Accountancy and as an attorney with the Ohio Bar Association. Additionally, he holds NASD Series 7 and Series 63 licenses and a Colorado license for life, property and casualty insurance. Winget is a member of the Colorado Bar Association, the Colorado Society of CPAs and the Rocky Mount Estate Planning Council. He has authored a number of articles on wealth management and also lectures widely on wealth-management topics.

Winget began his duties with U.S. Bank's Ultra High Net Worth Group on March 21, 2011, and works at the U.S. Bank office located in Denver, Colorado.

About the U.S. Bank Wealth Management Group

U.S. Bank's Wealth Management Group offers investment management services, brokerage, financial planning, private banking, personal trust, and insurance services to a broad range of clients. The Wealth Management Group serves ultra high net worth clients with more than $25 million in investable assets through a differentiated client service approach; high net worth clients with more than $1 million and less than $25 million in investable assets through The Private Client Reserve; and affluent clients with more than $100,000 and less than $1 million in investable assets through The Private Client Group. Brokerage services are offered through U.S. Bancorp Investments, Inc. and insurance services are offered through U.S. Bancorp Insurance, LLC.

About U.S. Bank

U.S. Bancorp (NYSE:USB), with $308 billion in assets as of Dec. 31, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,069 banking offices in 25 states and 5,310 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 www.usbank.com.

Deposit products offered by U.S. Bank National Association. Member FDIC.

SOURCE: U.S. Bank

U.S. Bank Wealth Management
Cheryl Stone, Vice President, Public Relations, 612-303-5657
or
U.S. Bank Media Relations
Amy Frantti, 612-303-0733
"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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