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U.S. Bank Surpasses Veteran Hiring Goal

Bank adds 1,114 veterans to its roster since Jan. 1, 2012

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 8, 2013-- U.S. Bank has surpassed its goal of hiring 1,000 military veterans since January 1, 2012, in time to mark the Veterans Day holiday. So far, U.S. Bank has added 1,114 veterans to its roster since Jan. 1, 2012, and now employs approximately 2,000 veterans nationwide.

“I am extremely proud of the success of our hiring program and of the efforts of everyone who helped recruit veterans,” said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp, parent company of U.S. Bank. “Every veteran we hire brings a strong work ethic and wealth of skills to his or her job. U.S. Bank is a better company because of our veterans, including employees who serve in the National Guard and Reserve. It’s an honor to have them on board, and we thank them for their service to our country and for protecting our freedom.”

U.S. Bank achieved its hiring goals through an aggressive campaign supported by executive leadership and hiring managers across the company. In addition, U.S. Bank has implemented 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 Leader Development Program. In 2012, it enhanced its HR policies, including offering newly hired veterans extra paid time off to participate in re-integration activities or attend to service-related medical issues. U.S. Bank’s industry leading military leave policies exceed state and federal standards.

U.S. Bank has created a variety of financial education products specifically for customers serving in the military and their families. In addition, U.S. Bank continues 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 staffed with bankers familiar with the Servicemembers Civil Relief Act.

U.S. Bank has been recognized for its hiring efforts and for being military friendly. Accolades include being named a 2013 Secretary of Defense Employer Support Freedom Award winner, and Military Times magazine naming the bank to its “Best of Vets: Employers” list in 2013, the fourth year on the list. In addition, G.I. Jobs magazine named U.S. Bank to its “Top 100-Military Friendly Employers” list for 2012 and 2013, and U.S. Veterans Magazine named the bank to its list of “Top 100 Veteran-Friendly Companies” in 2012 and 2013.

Minneapolis-based U.S. Bancorp (NYSE:USB), with $361 billion in assets as of September 30, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The Company operates 3,088 banking offices in 25 states and 4,937 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.

Source: U.S. Bancorp

U.S. Bancorp
Amy Frantti
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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