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U.S. Bank Ends SBA Fiscal Year with $776 Million in Volume, Finishing #1 in Eight SBA Districts

MINNEAPOLIS--(BUSINESS WIRE)--Oct. 13, 2015-- U.S. Bank ended the 2015 SBA fiscal year on September 30 with $776 million in volume and 3,977 loans committed. The totals represent a 15.4 percent increase in dollar volume over 2014 and a nearly 18 percent increase in the number of loans provided. U.S. Bank was the third largest SBA lender by volume in the country for 2015.

U.S. Bank ranked first in both units and volume in the SBA districts of Kentucky, Portland, and Seattle/Spokane. In addition, the company also ranked first in units in Iowa, Kansas City, North Dakota, St. Louis and Tennessee. U.S. Bank was in the top three in either units or volume in a total of 24 SBA districts.

“Providing advice and capital to small businesses is at the heart of U.S. Bank and we are proud to be one of the top SBA lenders in the country and #1 in some of our markets,” said Julie Huston, executive vice president, head of SBA Lending at U.S. Bank. “Assisting small business with all of the financial services needs helps create jobs, vibrant communities and strengthens the economy. These are great results and it demonstrates the health of the financial sector and small businesses across the country.”

The results are in-line with U.S. Bank’s recent annual Small Business Survey, completed in May, which included feedback from more than 3,000 small business owners across the bank’s 25-state footprint. Results showed that small business owners are more confident about the future of their business now than any other time in the six-year history of the survey. According to the study, 67 percent stated that the national economy was in recovery or expansion, up 46 percent from last year. Three out of four small business owners said their business is financially strong and revenues have stabilized.

U.S. Bank is committed to small business lending and has multiple resources available, including its small business site, U.S. Bank Connect(TM), which includes helpful advice, resources and networking opportunities. Follow U.S. Bank Connect™ on Facebook and Twitter. For more information on U.S. Bank’s full service offering to small businesses visit usbank.com/smallbusiness.

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $419 billion in assets as of June 30, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,164 banking offices in 25 states and 5,020 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Source: U.S. Bank

Susan Beatty, U.S. Bank Corporate Communications
(612) 303-9229, susan.beatty@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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