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U.S. Bank Wealth Management Names Gailyn Johnson Chief Operating Officer

MINNEAPOLIS--(BUSINESS WIRE)--Jul. 24, 2012-- U.S. Bank, a leading provider of wealth management and private banking services,* announced today that Gailyn Johnson has been appointed chief operating officer for U.S. Bank Wealth Management. Johnson will lead technology, operations, and corporate shared services, working with all wealth management business lines to better serve clients and accelerate growth. She reports to Mark Jordahl, president of U.S. Bank Wealth Management, and is a member of the Wealth Management Executive Committee.

“Gailyn comes to us with outstanding credentials and decades of experience in developing strategy and implementing creative solutions that solve complex challenges in the financial services industry,” Jordahl said. “She has a high level of expertise in delivering innovative products and services, re-engineering processes, leading operations and technology functions, and consistently achieving operational excellence.”

In her new role, Johnson will lead strategy development and implementation of new technology platforms and digital channels to upgrade Wealth Management’s client experience, Jordahl said.

Johnson has had an extensive career in the financial services industry, including 23 years at Wells Fargo in San Francisco, where she worked in a variety of capacities. Most recently, she served as senior managing director of Wells Fargo Advisor's Direct Financial Solutions, responsible for the multi-channel investment solutions for mass affluent customers. She also previously served as chief operating officer for Wells Fargo Wealth Management and throughout the years led a number of strategic initiatives for Wells Fargo, including the first bank on the Internet to provide customers with access to their accounts. Johnson began her career as a certified public accountant for Fox and Company in Bakersfield, Calif., and has a bachelor's degree from California State University, Fresno.

*Barron’s ranked U.S. Bank Wealth Management the 16th-largest U.S. wealth manager in its 2011 survey of "Top 40 Wealth Managers" published on Sept. 19, 2011.

About U.S. Bank Wealth Management
U.S. Bank Wealth Management offers comprehensive wealth management services, including investment management, private banking, personal trust and estate administration, financial planning, multigenerational wealth planning, and family dynamics and governance for individuals, families, and their foundations. Ascent Private Capital Management serves ultra-high-net-worth clients with $25 million or more of investable assets; The Private Client Reserve (privateclientreserve.usbank.com) serves high-net-worth clients with more than $1 million of investable assets; and The Private Client Group serves affluent clients with more than $100,000 of investable assets.

About U.S. Bancorp Investments, Inc.
U.S. Bancorp Investments, Inc., an affiliate of U.S. Bank, offers comprehensive wealth management services including investment management, financial planning, brokerage and insurance.

About U.S. Bancorp
Minneapolis-based U.S. Bancorp (NYSE: USB), with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States, and U.S. Bancorp Investments, Inc.. The company operates 3,080 offices in 25 states and 5,085 U.S. Bank ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products through U.S Bank and investment, brokerage and insurance through U.S. Bancorp Investments, Inc. to consumers businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which U.S. Bancorp 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.

Investment and Insurance products are:

             
Not a Deposit     Not FDIC Insured     Not Guaranteed by the Bank
May Lose Value     Not Insured by Any Federal Government Agency
   

U.S. Bank, U.S. Bancorp Investments, Inc. and their representatives do not provide tax or legal advice. Each individual’s tax and financial situation is unique. Individuals should consult their tax and/or legal advisor for advice and information concerning their particular situation.

U.S. Bank and U.S. Bancorp Investments, Inc. are not affiliated with the companies or organizations mentioned above.

About U.S. Bank:
Deposit products offered by U.S. Bank National Association. Member FDIC. Credit products offered by U.S. Bank and subject to normal credit approval.

U.S. Bank is not responsible for and does not guarantee the products, services or performance of its affiliates or third party providers.

About U.S. Bancorp Investments, Inc.:
Investment products and services are available through U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

Insurance products, including annuities, are available through U.S. Bancorp Insurance Services, LLC, U.S. Bancorp Investments, Inc., in Montana: U.S. Bancorp Insurance Services of Montana, Inc., and in Wyoming: U.S. Bancorp Insurance & Investments, Inc. All are licensed insurance agencies and subsidiaries of U.S. Bancorp and affiliates of U.S. Bank. Insurance and annuity policies are underwritten by unaffiliated insurance companies and may not be available in all states. California Insurance License #OE24641.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50352337&lang=en

Source: U.S. Bancorp

U.S. Bancorp
Cheryl Stone
Vice President, Public Relations
U.S. Bank Wealth Management
612-303-5657
or
Amy Frantti
U.S. Bank 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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