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Winona Printing Chooses U.S. Bank to Manage 401k Program

WINONA, Minn.--(BUSINESS WIRE)--Aug. 19, 2002--U.S. Bancorp (NYSE:USB)

Winona Printing has selected U.S. Bank to administer and manage its $1.3 million 401(k) program. Located in Winona, Minn., Winona Printing is a company specializing in design, lithography, prepress, packaging and mail. Winona Printing has more than 60 employees serving customers in Minnesota, Wisconsin and throughout the midwest.

Our new relationship with U.S. Bank ultimately helps the company become more profitable, and provides our employees a more secure retirement, said William Stoltman, owner of Winona Printing. Their super management team of U.S. Bancorp Piper Jaffray broker Lee Turek, and U.S. Bank's Jim Taylor and Jaye Joslin, took an outstanding concerned interest in our company.

We look forward to working with Winona Printing and helping the company and its employees get the most out of their 401(k) program, said Bill Blosky, senior vice president for U.S. Bank Institutional Trust & Custody.

U.S. Bank Institutional Trust & Custody is a division of U.S. Bank National Association that focuses on retirement, investment, cash management, and custody services to institutional clients. Its product offerings include retirement plans (401(k), profit sharing, money purchase pension, defined benefit, and nonqualified deferred compensation plans), institutional custody, and master trust services.

Minneapolis-based U.S. Bancorp (NYSE:USB), with assets in excess of $173 billion, is the 8th largest financial services holding company in the United States. The company operates 2,131 banking offices and 4,818 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 is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

--30--jsw/cl*

CONTACT: U.S. Bank

Amy Frantti, 612/973-2431

amy.frantti@usbank.com

KEYWORD: MINNESOTA WISCONSIN

INDUSTRY KEYWORD: BANKING HUMAN RESOURCES

SOURCE: U.S. Bank

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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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