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U.S. Bank Surpasses Veteran Hiring Goal in 2012

Company Receives Accolades from G.I. Jobs and U.S. Veterans Magazine

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 8, 2012-- U.S. Bank has surpassed its military hiring goal for 2012, in time to mark the Veterans Day holiday. U.S. Bank now employs more than 2,300 veterans nationwide, and continues in its efforts to recruit veterans.

“U.S. Bank is firmly committed to employing and supporting veterans, active-duty service members and their families,” said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp, parent company of U.S. Bank. “Veterans bring valuable leadership skills to their organization, with experience and perspective that strengthens our company. We honor them and all who serve on Veterans Day and every day, for their commitment to our country and protection of our freedom.”

In addition, this is the second consecutive year that U.S. Bank has been recognized by G.I. Jobs as a Top 100 Military Friendly Employer, which highlights companies for the strength of their military recruiting efforts, the percentage of new hires with prior military service and policies toward providing exemplary benefits for employees serving in the National Guard and Reserve. The ranking is featured in the magazine’s December issue and online at www.gijobs.com.

Also, U.S. Veterans Magazine listed U.S. Bank on its 2012 Best of the Best: Top 100 Companies Recruiting Veterans. The survey results are published in the November 2012 special Veterans Day edition. Last June, Military Times magazine named U.S. Bank as one of just 39 companies in its Best of Vets annual survey.

U.S. Bank achieved its hiring goals by implementing several recruiting and training programs specifically for veterans through its Proud to Serve program (http://proudtoserve.usbank.com). In 2011, U.S. Bank launched a Military Leadership Development Program, which has resulted in several veterans successfully transitioning into leadership positions in the bank in Seattle and San Diego. The Military LDP is expanding to include Minneapolis, Los Angeles and Orange County, Calif. in 2013.

U.S. Bank enhanced its HR policies for veterans in 2012, including offering employees up to two weeks paid leave to cover time they would otherwise take off unpaid, per state or federal law, in connection with a family member's military service. Depending on state laws, the time can be taken not only with the deployment of a child, parent or spouse, but may be available to extended family as well.

U.S. Bank continued to offer customers special support through the U.S. Bank Military Service Center (1-800-934-9555), a dedicated customer service line for military members and their families that is staffed with bankers familiar with the Servicemembers Civil Relief Act. The Military Service Center is open Monday through Friday from 7 a.m. to midnight Eastern Time, with back-up support from U.S. Bank 24-hour banking during off hours.

Minneapolis-based U.S. Bancorp (NYSE: USB), with $352 billion in assets as of September 30, 2012, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Company operates 3,086 banking offices in 25 states and 5,080 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

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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