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U.S. Bank Provides $25,000 and Volunteers for Los Angeles Mission's End of Summer Block Party Saturday, Aug. 25

LOS ANGELES--(BUSINESS WIRE)--Aug. 23, 2012-- U.S. Bank is helping kids start their school year on a high note by sponsoring the Los Angeles Mission’s End of Summer Block Party on Saturday, Aug. 25. U.S. Bank is sending a group of employee volunteers to the event at 303 E. 5th Street in Los Angeles and will present a $25,000 check to the Los Angeles Mission at 10 a.m. PT that day.

The End of Summer Block Party is a fun-filled celebration that also prepares kids for school by giving them free backpacks, school supplies and other necessities.

“The Los Angeles Mission appreciates U.S. Bank for its support of the End of Summer Block Party,” said Herb Smith, president of the Los Angeles Mission. “U.S. Bank has partnered with the Mission for several years to help meet the educational needs of the children of Skid Row in this great event.”

U.S. Bank provided $25,000 in financial support for the event, and U.S. Bank employees will hand out backpacks and coloring books, apply temporary tattoos, run the game booths and serve food. Captain Shield, U.S. Bank’s mascot, will also make an appearance.

“The End of Summer Block Party is a special event for so many reasons, not the least of which is because we have the opportunity to make a lasting, positive impact on kids who have faced enough challenges to fill a lifetime,” said Sean Foley, regional president for U.S. Bank in Southern California. “We are proud to be the bank partner to the Mission and support the families it serves.”

“We are delighted to provide our sponsorship and support to the Los Angeles Mission and to its End of Summer Block Party again this year,” said Bill Cave, market president at U.S. Bank. “The Los Angeles Mission is a pillar in the community and we thank the entire Los Angeles Mission team for the great work that they continue to do to help improve the lives of others."

U.S. Bank provided more than $2.4 million in local charitable contributions to Los Angeles area nonprofits and employees devoted more than 1,600 volunteer hours in the area in 2011. The company has grown tremendously in California since 2008, doubling in size in both branch presence and the number of Californian’s it employs. In Los Angeles alone, U.S. Bank has 226 branches and nearly 2,700 employees. In addition, small business lending at U.S. Bank in Los Angeles is up 27 percent in the second quarter of 2012 compared with the same period last year.

About the Los Angeles Mission
For over 75 years, the Los Angeles Mission has served homeless and hurting men and women of downtown Los Angeles, providing emergency services such as shelter, food and clothing. In addition, the Los Angeles Mission also offers long-term residential rehabilitation programs, including education, job training, transitional housing and counseling. Go to www.losangelesmission.org for more information about the Los Angeles Mission.

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.

Source: U.S. Bancorp

Teri Charest, U.S. Bank Media 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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