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U.S. Bank Delivered School Supplies to 800 San Diego Children in Military Families This Month

SAN DIEGO--(BUSINESS WIRE)--Aug. 21, 2012-- Military families in San Diego got a boost from U.S. Bank following a month-long donation drive for school supplies that resulted in enough supplies to get more than 800 children off to a good start in school this year.

Fourteen U.S. Bank employees distributed backpacks and school supplies on Saturday, Aug. 4, and Sunday, Aug. 5, at the National Guard Armory in National City. U.S. Bank held the drive in July at its San Diego branches as part of Operation Homefront’s Back to School Brigade. Employees collected 20 large bins of supplies and more than $500 in monetary donations.

“We are proud to partner with Operation Homefront,” said Steve Stuckey, president of U.S. Bank in San Diego. “We take pride in supporting members of our Armed Forces, and are honored to return the support by providing them with the kinds of opportunities they work to defend.”

Operation Homefront’s Back to School program helps alleviate the stress surrounding shopping for essential school supplies. Children received supplies at multiple distribution sites across all of San Diego where their families will be able to come together and network with other military families.

U.S. Bank has grown tremendously in San Diego for more than a decade, and today has 80 branches and more than 900 employees across the metropolitan area. The number of U.S. Bank employees in San Diego has nearly doubled since 2008. The bank is a proud community partner, providing nearly $1.3 million in local charitable contributions and its employees volunteered nearly 1,700 hours at nonprofit organizations in the San Diego area.

U.S. Bank started the Military Initiative in 2008 under the direction of Richard Davis, chairman, president and chief executive officer and vice chairmen Richard Hartnack and Richard Payne, both veterans. U.S. Bank currently employs 2,300 veterans, including members of the Guard/Reserve. In addition, the website proudtoserve.usbank.com was launched in 2011 to help service members identify areas within U.S. Bank that match their skills and interests. Military Times magazine named U.S. Bank as one of just 46 companies in their Best of Vets 2011 annual survey.

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. The company operates 3,080 banking offices in 25 states and 5,085 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

Teri Charest, U.S. Bank Public Relations
(612) 303-0732, teri.charest@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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