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U.S. Bank Partners with Garda Cash Logistics to Deliver Remote Cash Deposit

MINNEAPOLIS, Oct 25, 2011 (BUSINESS WIRE) --

U.S. Bank's Remote Cash Deposit service is now available to businesses through its new partnership with Garda Cash Logistics. Garda provides secure cash transportation and cash management solutions for business customers in the retail and restaurant industries.

Garda is the third armored provider partnered with U.S. Bank's Remote Cash Deposit service.

U.S. Bank is partnering with Garda and its CashLINK(R) product line so its business customers can utilize Remote Cash Deposit to deposit cash electronically from store locations, consolidate depository accounts with one bank, reduce armored transportation expense and decrease the risks associated with collecting cash.

"U.S. Bank is excited to continue expanding our Remote Cash Deposit product through our partnership with Garda Cash Logistics," said Wade Pylka, Remote Cash Deposit product manager for the U.S. Bank Global Treasury Management group. "Remote Cash Deposit provides our business customers with the significant benefits of minimizing the risk of theft, reducing labor expenses associated with cash handling and improving staff safety and productivity."

"I have experienced the greatest benefit -- higher profitability," said Jayson Rogers, owner and operator of a McDonald's franchise. "The armored car doesn't have to come to our business as often, cash shortages are at an all time low, and my managers are spending more time supervising rather than counting cash. I highly recommend this product as a business solution to anyone who handles significant amounts of cash and utilizes Garda secure transportation services. Knowing your cash is in the bank and secure gives you peace of mind."

"Our CashLINK service enables businesses to focus on what really matters - increasing sales and profits," said Garda Cash Logistics Vice President and Group Head for Product Development and Optimization Michael McSpadden. "The cash is secure from the moment our smartsafe accepts it until it's deposited in the bank."

In addition to Remote Cash Deposit, U.S. Bank offers extensive cash vault services including traditional cash processing at 52 locations across 27 states. The extensive vault network can accommodate cash deposits and change order needs for business customers, correspondent banks and government entities.

Garda (TSX:GW) is a global provider of security solutions, cash logistics and global risk consulting. With headquarters in Montreal, Canada, the firm's 45,000 dedicated professionals, among the most highly qualified and best-trained in the industry, serve clients in countries throughout North America, Europe, Latin America, Africa, Asia, and the Middle East. Garda works with clients in a broad range of sectors and industries including financial institutions, retailers, manufacturers, insurance companies, governments, humanitarian relief organizations and the natural resources, construction and telecommunications. For more information, visit: www.gardaglobal.com, www.gardacashlogistics.com and www.garda-world.com.

U.S. Bancorp (NYSE: USB), with $330 billion in assets as of Sept. 30, 2011, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company operates 3,089 banking offices in 25 states and 5,092 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.

Garda's CashLINK(R)is a registered trademark of Garda.

SOURCE: U.S. Bank

U.S. Bank
Amy Frantti, Corporate Public Relations, 612-303-0733
amy.frantti@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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