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Forty College Scholarships Available from 16th Annual U.S. Bank Scholarship Program

MINNEAPOLIS, Oct 04, 2011 (BUSINESS WIRE) --

U.S. Bank is making it easier forhigh school seniors and college undergraduates to pay for college. Forty lucky high school seniors and college undergraduates will win a $1,000 U.S. Bank Scholarship.U.S. Bank's 16th annual scholarship program is underway, and eligible high school seniors and college undergraduates can apply online for a chance to win a scholarship for the 2012-2013 academic year.

An application for the U.S. Bank Scholarship program is available exclusively on the bank's web site now through March 31, 2012. Internet access is available at most high schools, colleges and public libraries at no charge. Eligible high school seniors and college or university undergraduates can now go online to access this source of college scholarship dollars at www.usbank.com/scholarship.

"This program offers scholarship winners the opportunity to help off-set some of their educational expenses in these tough economic times and helps make students aware of their options for paying for college," said Lucille Conley, senior vice president of U.S. Bank Consumer Lending. "In addition to the scholarship application, student and parents who visit the web site can find useful information on how to pay for college and credit wellness tips. They can also apply online for a private student loan to cover additional expenses."

Scholarship award recipients are selected through a random drawing process. A high school senior planning to enroll or a current college freshmen, sophomore or junior at an eligible four-year college or university participating in the U.S. Bank Student Loan Program are eligible to apply. They must also be a United States citizen or permanent resident alien, and be enrolled by September 2012. Recipients of a U.S. Bank Scholarship will be notified of their selection during the spring of 2012. Visit the web site at www.usbank.com/scholarship for additional scholarship information and complete terms and conditions.

U.S. Bank is one of the top student banking institutions in the nation, providing a comprehensive line of student banking products including student loans, campus ID card programs, Internet banking, U.S. Bank student checking and savings, and Visa Buxx(R) prepaid spending cards. U.S. Bank offers fixed and variable rate student loan options to help fill the gap between other forms of financial aid and the full cost of education. Students and parents can find financial education for borrowers on U.S. Bank's Student Lending website: www.usbank.com/student-loans.

U.S. Bancorp (NYSE: USB), with $321 billion in assets as of June 30, 2011, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,086 banking offices in 25 states and 5,086 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. Bank on the web at www.usbank.com. Member FDIC.

SOURCE: U.S. Bank

U.S. Bank
Amy Frantti, Public Relations, 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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