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U.S. Bank Ranked in Top 100 Military Friendly Employers(R) by G.I. Jobs Magazine

MINNEAPOLIS, Nov 16, 2011 (BUSINESS WIRE) --

G.I. Jobs magazine has named U.S. Bank one of the nation's Top 100 Military Friendly Employers(R).

The list, drawn from a sample of approximately 5,000 companies (those with more than $500 million annual revenues), was created based on company criteria including the strength of military recruiting efforts, the percentage of new hires with prior military service, and company policies toward National Guard and Reserve service. The list and rankings are posted on the G.I. Jobs website: http://www.gijobs.com/2012top100.

"U.S. Bank is honored to be recognized as a top employer for active and retired military - and honored to call these heroes our colleagues," said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp, the parent company of U.S. Bank. "We owe our freedom to military veterans and the men and women who are currently serving in the armed forces and National Guard and Reserves. Their patriotism, work ethic, leadership and dedication inspire us every day."

U.S. Bank started its Military Initiative in 2008 under the direction of Davis and vice chairs Richard Hartnack and Richard Payne, who are both veterans. As part of this project, the company recently announced it will double its military hiring in 2012. U.S. Bank aims to double the number of veterans and/or members of the National Guard and Reserves hired in 2012. To aid in that effort, the company has launched a military-specific recruiting website, http://proudtoserve.usbank.com, which helps service members identify areas at U.S. Bank where their skills and interests might be a match. U.S. Bank also launched a Leadership Development Program in two of its consumer banking markets that recruits transitioning officers into a branch management training program.

The company also unveiled last week a leave policy for employees with family serving in the military. Beginning next year, in recognition of the many sacrifices that military family members make, U.S. Bank will offer employees up to two weeks paid leave to cover time they would otherwise take off unpaid, per state or federal law, in connection with a family member's military service. Depending on state laws, the time can be taken not only with the deployment of a child, parent or spouse, but may be available to extended family as well.

U.S. Bank also recently established the U.S. Bank Military Service Center, a dedicated customer service line for military members and their families. The center is staffed with bankers familiar with the Servicemembers Civil Relief Act, as well as the unique financial circumstances faced by members of the military and their families. The Military Service Center can be reached at 800-934-9555 and is open Monday through Friday from 7 a.m. to midnight ET, with back-up support from U.S. Bank 24-hour banking during off hours.

U.S. Bank has also been recognized in 2011 for its efforts to recognize and support members of the military, veterans and their loved ones:

  • U.S. Bank's steady and growing commitment to current and former members of the military and their families earned the company "Yellow Ribbon" status in its headquarters state of Minnesota this year. As of November, the company employed approximately 1,600 veterans and/or members of the Guard/Reserve - more than 200 have been hired this year alone.
  • Military Times magazine named U.S. Bank as one of just 46 companies in their Best of Vets 2011 annual survey. More than 1,000 firms were surveyed for their recruiting, policies for reservists and overall corporate culture pertaining to the military.

Each year, Davis, Hartnack and Payne host a conference call honoring employee military service members and their families. This year's call took place last week and featured Gen. Stanley A. McChrystal, U.S. Army, (Ret.). McChrystal is a retired four-star general and the former commander of U.S. and International Security Assistance Forces (ISAF) Afghanistan and the former commander of the premier military counter-terrorism force, Joint Special Operations Command (JSOC).

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.

SOURCE: U.S. Bancorp

U.S. Bank Public Relations
Amy Frantti, 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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