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U.S. Bank Names Brian Schwallie Arizona Market President

PHOENIX (Jan. 17, 2013) -- U.S. Bank has named Brian Schwallie as Arizona market president, effective immediately. Schwallie has been with U.S. Bank since 2005, most recently as a relationship manager and team leader for U.S. Bank in Reno, Las Vegas, Phoenix and Chicago. As market president, Schwallie will lead commercial banking and coordinate all of U.S. Bank’s activities in Arizona.

“Brian has demonstrated solid leadership throughout his tenure and I am confident that our customers and prospective clients in Arizona will value his experience in the market,” said Lori Soren, regional market president for U.S. Bank in Nevada, Arizona and Utah. “He is a dedicated member of the Arizona community, most visibly as a new member of the advisory council for LISC Phoenix. Brian’s depth of experience and commitment to Arizona will help U.S. Bank continue to be a strong financial services company and community partner.”

In addition to his U.S. Bank experience, Schwallie has held positions with The Clorox Company, Aladdin Casino Resort and Park Place Entertainment.
Schwallie earned Bachelor of Science degrees in business administration and systems analysis at Miami University in Oxford, Ohio, and an MBA from the University of Nevada Las Vegas. He also graduated with honors from Pacific Coast Banking School in Seattle.

Schwallie, and his wife Megan, live in the Phoenix metropolitan area.

U.S. Bancorp (NYSE: USB), with $354 billion in assets as of December 31, 2012, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The Company operates 3,084 banking offices in 25 states and 5,065 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.

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"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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