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U.S. Bank Has Record Year in SBA Lending, Ranking #1 in Five SBA Districts, Moves up in National Standing

MINNEAPOLIS, Oct 17, 2011 (BUSINESS WIRE) --

U.S. Bank set a new company record for Small Business Administration (SBA) loan approvals with a total of $630 million for the SBA fiscal year, which ended Sept. 30, 2011. The previous U.S. Bank record, set in 2008, was $504 million.

SBA Fiscal Year $ approved year-over-year change # approved year-over-year change
2011 $630 million 123% increase 1,711 loans 6% increase

U.S. Bank was the No. 1 lender in loans and/or dollar volume in Kansas City, Minneapolis, Portland, Seattle, and St. Louis.

"Our significant growth in SBA lending this year is another sign of our commitment to small businesses and to the communities we serve," said Rick Hartnack, vice chairman of consumer banking at U.S. Bank.

More than 3,000 branch managers participated in small business training over the past two years aimed at making small business lending a priority in the branch setting.

"These numbers are no accident," Hartnack said. "Our bankers have worked hard these past few years to connect with new and existing small business customers to meet their needs - and to help get local economies moving again."

SBA is just one piece of the small business lending the bank does, including equipment loans and leasing, operating lines of credit and commercial real estate lending. U.S. Bank is a leader in small business banking and is an advocate for small businesses. Each year, the company offers insight to small business perspectives on the economy and the business environment through the U.S. Bank Small Business Annual Survey. U.S. Bank is focused on innovation and won a Monarch Innovation Award from Barlow Research Associates for its creation and introduction of ScoreBoard, an online payments management tool for small businesses. For more information on the products and services U.S. Bank offers small businesses, visit www.usbank.com/smallbusiness.

About U.S. Bank
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. Bancorp on the web at www.usbank.com.

SOURCE: U.S. Bank

U.S. Bank Public Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com
or
Nicole Garrison-Sprenger, 612-303-0731
Nicole.sprenger@usbank.com
"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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