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U.S. Bank Corporate Trust Services Names Eric Fischer Managing Director and Business Development Officer

NEW YORK & MINNEAPOLIS, May 23, 2011 (BUSINESS WIRE) --

U.S. Bank Corporate Trust Services has hired Eric Fischer as managing director and business development officer for its corporate and municipal trust sales group. Terry McRoberts, executive vice president of U.S. Bank Corporate Trust Services, made the announcement.

"Eric has worked in the corporate trust business since 1986, so his depth of experience and knowledge in multiple products will benefit our customers," said McRoberts. "Eric's primary responsibilities will be new business development in structured municipal finance and the restructuring markets. We will also take advantage of Eric's breadth of knowledge and contacts to introduce U.S. Bank to new product areas in the United States and abroad."

Fischer earned a Bachelor of Science degree in economics and finance from the School of Business Administration "SBA" at St. John's University in Jamaica Queens, New York. He is a member of The American Bankruptcy Institute.

Fischer works at U.S. Bank's office located at 100 Wall Street in New York City. He resides in Garden City, New York.

U.S. Bank Corporate Trust Services is one of the nation's largest providers of trustee services with more than $4.0 trillion in assets under administration in municipal, corporate, asset-backed and international bonds. In addition, it provides paying agent, escrow agent and document collateral services through its network of 49 U.S.-based and three international offices.

U.S. Bancorp (NYSE: USB), with $311 billion in assets as of March 31, 2011, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,082 banking offices in 25 states and 5,238 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.

SOURCE: U.S. Bank

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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