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Scott W. Wine Joins U.S. Bancorp Board of Directors

MINNEAPOLIS--(BUSINESS WIRE)--Jun. 17, 2014-- U.S. Bancorp (NYSE: USB) announced today that its Board of Directors has elected Scott W. Wine as a director of the company effective as of July 14, 2014. Wine, 47, is the Chairman and Chief Executive Officer of Polaris Industries Inc., a worldwide manufacturer and marketer of innovative high-performance motorized products based in the Minneapolis suburb of Medina. Wine joined Polaris in 2008 as Chief Executive Officer. Prior to that time, he served as President of Fire Safety Americas, a division of United Technologies Corporation.

“We are delighted that Scott will be bringing his extensive experience and insight to our board,” said Richard K. Davis, chairman, president and chief executive officer of U.S. Bancorp. “He is a talented and recognized leader, and will provide valuable contributions and guidance in the years ahead.”

Minneapolis-based U.S. Bancorp, with $371 billion in assets as of March 31, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The company operates 3,083 banking offices in 25 states and 4,878 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
Investor Relations
Sean O’Connor, 612-303-0778
or
Media Relations
Teri Charest, 612-303-0732

"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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