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U.S. Bank to Provide Free Backpacks and Supplies to 244 Children at Appian Way Apartments in Kent

SEATTLE--(BUSINESS WIRE)--Aug. 22, 2012-- U.S. Bank in Seattle is providing free backpacks and school supplies today to 244 children who reside at Appian Way Apartments in Kent, Washington.

U.S. Bank employee volunteers, along with several community partners, will distribute the backpacks and school supplies, along with pizza and ice cream, from 5 p.m. until 7 p.m. on Wednesday, August 22, at Appian Way Apartments, located at 25818 26th Place S. in Kent, Washington.

Kent Mayor Suzette Cooke will also be in attendance. Sharon Hughes, U.S. Bank vice president of community affairs, will speak at the event.

“U.S. Bank is proud to partner with Mercy Housing, the developer of Appian Way Apartments, to support the greater Seattle community,” said Hughes. “This event is one of many ways that U.S. Bank gives back to the communities where it does business.”

U.S. Bank supports Appian Way by serving on its board of directors and finance committee, financing development throughout the State of Washington and investing in the organization.

The backpacks and school materials were supplied through collaboration between U.S. Bank and Portland-based nonprofit Schoolhouse Supplies. U.S. Bank and Schoolhouse Supplies have been partners since 2001.

With a legacy dating back to the founding of Peoples National Bank of Washington in 1889, U.S. Bank now has 88 branches and 1,388 employees in Seattle. The bank is a proud community partner, providing more than $1.3 million in local charitable contributions and 2,300 volunteer hours by employees last year at nonprofit organizations in the Seattle area.

About Mercy Housing
Mercy Housing, a national not-for-profit affordable housing organization headquartered in Denver, has a presence in 43 states, serves more than 139,300 people on any given day and has participated in the development, financing or operation of 41,700 homes. Mercy Housing serves families, seniors and people with special needs (formerly homeless, people with HIV/AIDS and the developmentally disabled). In Washington State, Mercy Housing houses more than 4,000 people each day and provides a wide variety of programs like health fairs, financial literacy and after-school tutoring. For more information about Mercy Housing, please visit mercyhousing.org.

About Schoolhouse Supplies
Schoolhouse Supplies is a nonprofit organization that gives free school supplies to teachers and students in need in and around Portland, Oregon. Teachers spend an average of $1,700 of their own money each year to provide basic school supplies for their classrooms. Since opening in January 2000, Schoolhouse Supplies has offset these costs by distributing more than $16.7 million in supplies to classrooms, teachers and students in need. The mission is based on the belief that every child deserves school supplies and has the right to a quality public education. For more information, call 503-249-9933 or visit www.schoolhousesupplies.org.

About U.S. Bank
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.

Note to editors: media are welcome to attend. Officials from U.S. Bank and Mercy Housing will be available for interviews.

Source: U.S. Bank

Amy Frantti, U.S. Bank 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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