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U.S. Bank Honors Military Veteran and Active Duty Employees on November 10

Welcomes 2013 Medal of Honor recipient Clint Romesha, announces $100,000 sponsorship of the Medal of Honor Convention

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 10, 2015-- U.S. Bank welcomed Medal of Honor recipient Clinton (“Clint”) Romesha to Minneapolis on Tuesday, Nov. 10 as the company paused to honor its military veterans and active duty employees in recognition of Veterans Day.

Richard Davis, chairman, president and chief executive officer of U.S. Bancorp, has hosted an annual Veterans Day call for the past 7 years. The call is tied to the company’s Proud to Serve group, which manages all of the ways that U.S. Bank supports, respects and gives back to the men and women of the armed services. Richard (“Dick”) Payne co-hosted the call. Payne is a veteran, vice chairman and co-founder of Proud to Serve at U.S. Bank.

“This day of honor and respect for our brave military personnel is special to U.S. Bank because every employee in our company knows the lengths to which these men and women have sacrificed for our safety and freedom,” Davis said. “It is an honor and a pleasure to say ‘thank you,’ to celebrate these American heroes and to introduce new ways in which U.S. Bank is supporting veterans.”

Medal of Honor
Romesha, who today lives in North Dakota with his family, was given the Medal of Honor in 2013 for his acts of bravery during a Taliban attack in Afghanistan in 2009. Romesha risked his own life to organize his unit’s defenses and counter attack during an 8-hour barrage. He shared his story with U.S. Bank employees during the Veterans Day call.

This year, U.S. Bank announced its $100,000 sponsorship of the Medal of Honor Convention, which will be held in Minneapolis in the fall of 2016.

Business Resource Groups
U.S. Bank has launched three new chapters of the Proud to Serve Business Resource Group (BRG) in Cincinnati, Milwaukee and the Twin Cities. Proud to Serve BRGs are employee-led and provide valuable business input, opportunities to volunteer with military service organizations and opportunities to attend professional development seminars.

In October, U.S. Bank Proud to Serve placed 4th out of more than 500 applicants in the Association of Employee Resource Groups & Councils Honors Award program. The ERG & Councils Honors Award recognizes outstanding employee resource groups and diversity councils at companies across the country.

More than 1,700 military veterans work at U.S. Bank today. The company hired more than 340 veterans in 2015 through Bankers in Boots, its veteran hiring initiative. Each veteran hired is personally welcomed by the U.S. Bank Global Inclusion and Diversity team, a designated military recruiter and a member of the Proud to Serve Steering Committee.

In addition, this year U.S. Bank:

  • donated homes to wounded veterans and their families in Apopka, Florida and Washougal, Washington; the next home will be donated to a wounded veteran on November 18 in La Grange, Kentucky (total now stands at 10 since 2013);
  • added an employee volunteer program to teach financial education and job-search skills to veterans;
  • offered credit card customers a way to donate points to Honor Flight, a nonprofit organization that transports veterans to Washington, D.C., to visit their war memorials;
  • began tracking partnerships with veteran-owned businesses as part of its supplier diversity program; and
  • this holiday season, employees are collecting supplies and sending holiday cards to deployed troops.

U.S. Bancorp (NYSE: USB), with $416 billion in assets as of September 30, 2015, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company operates 3,151 banking offices in 25 states and 5,001 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

U.S. Bank Corporate Communications
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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