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U.S. Bank Opens Branch at Seattle-Tacoma Airport

SEATTLE--(BUSINESS WIRE)--Jul. 11, 2012-- Seattle-Tacoma International Airport travelers no longer have to worry if they forgot to stop at the bank on their way out of town or try to find a bank once they arrive at their destination. That’s because U.S. Bank has opened a new branch at Sea-Tac Airport, serving travelers, airport businesses and thousands of employees who work on site.

The branch will be located on the ticketing level next to Starbucks, between security checkpoints 3 and 4. It will be open Monday through Thursday from 8 a.m. to 4 p.m., and Friday from 8 a.m. to 5 p.m. There are 22 U.S. Bank ATMs throughout the airport and the new rental car facility. The branch will be available to serve nearly 33 million people who traverse the airport each year. Additionally, it will serve nearly 15,000 airport employees.

"We are excited to partner with the Port of Seattle to bring U.S. Bank to Seattle-Tacoma International Airport," said Dan Hoke, senior vice president and head of on-site banking for U.S. Bank. "The new location will be an added convenience for so many of our customers who come and go through the airport every day. We look forward to serving airport employees, as well as all of the businesses located at Sea-Tac that can take care of all of their banking needs without leaving the facility."

Selection of the airport for a branch site represents a concerted effort by U.S. Bank to open offices in more non-traditional locations, such as university campuses and corporate sites. The bank has three other airport branches: Portland, St. Louis and Minneapolis/St. Paul.

Kristen Link, who previously managed the U.S. Bank branch at Seattle Pacific University, will manage the new on-site branch at Sea-Tac. Link has been with U.S. Bank for three years and has 10 years of banking experience. She earned a bachelor’s degree from Purdue University.

Local officials will formally welcome U.S. Bank to Sea-Tac with a ribbon-cutting celebration in August. U.S. Bank will have opened seven new Seattle branches by the end of 2012.

With a legacy dating back to the founding Peoples National Bank of Washington in 1889, U.S. Bank now has 89 branches and 1,388 employees in Seattle with 182 branches and 2,422 employees across the State of Washington. Strong and stable throughout the recession, U.S. Bank nearly doubled its small business lending in the market from the beginning of 2008 through the first quarter of 2012. In 2011, small business lending grew 19 percent, and in May 2012 U.S. Bank reached a milestone $1 billion in outstanding balances with small business customers.

U.S. Bancorp (NYSE: USB), with $341 billion in assets as of March 31, 2012, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,061 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
Teri Charest, 612-303-0732

"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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