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San Diego Organizations to Benefit From U.S. Bancorp Grants

SAN DIEGO--(BUSINESS WIRE)--Sept. 9, 2002--Robert Armstrong, president of U.S. Bank in San Diego, has announced the organizations that received grants totaling more than $100,000 from the U.S. Bancorp Foundation. The grants represent U.S. Bank's commitment to supporting the arts and education in San Diego County.

Educational organizations were selected based on their goals to provide innovative programs that help low-income and at-risk students succeed in school and prepare for post-secondary education, financial literacy training and effective mentoring programs. Some of the recipients of education grants in the San Diego area include:

--  Barrio Logan College Institute to assist low-income children

at local elementary schools get to college;

--  Boys & Girls Club of Vista to assist with before and after

school programs;

--  Carlsbad Education Foundation to expand youth programming to

include science, arts, and reading;

--  College of Health & Human Services - SDSU for the Step Up

program, a program designed to help high school students from

low-to-moderate income neighborhoods attend and succeed in

college;

--  Community Housing for Learning Communities project that

provides facilities, supplies, tutors and encouragement to

residents living in Community Housing affordable housing

complexes;

--  Junior Achievement of San Diego & Imperial Counties for a

program designed to pair up 375 low income youth with

dedicated business volunteers to teach the students about

economic concepts, personal finance, business and the

importance of a good education;

--  San Diego Regional Economic Development Foundation for the

CLASS (Corporate Leaders Advocating Success Skills) program,

which uses business volunteers to teach work readiness and

business skills to students enrolled in the AVID program;

--  San Diego Regional Technology Alliance (SDRTA) to expand the

computer literacy training and curriculum provided at the

Community Technology Centers throughout San Diego County;

--  Tierra Miguel Foundation for the expansion of a K-8

educational program called Farmer for A Day, which would

include children from the inner city and children from the

nearby Native American charter schools;

Arts organizations were selected based on their goals to build audiences for the arts, particularly among underserved populations, bring select and limited civic amenities to underserved, rural communities, and promote the arts in education. Some of the recipients of arts grants in the San Diego area include:

--  North Coast Repertory Theatre for the Kids for Kids program;

--  San Diego Junior Theatre to provide interpretive services for

the deaf and hearing impaired community;

--  San Diego Museum of Art for the Artist in Residence Program.

This program target schools in low- and moderate-income areas;

--  San Diego Natural History Museum for audience development

among under-represented K-12 students in San Diego County;

--  San Diego Opera for general operating support of its

educational outreach programs such as Opera On the Concourse;

--  San Diego Symphony to support The Next Movement educational

outreach program; and

--  The Vista Foundation to support low cost of admission for

underserved families.

Minneapolis-based U.S. Bancorp, 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 usbank.com.

--30--djl/cl*

CONTACT:  U.S. Bancorp

Teri Charest, 612/303-0732

or

Community Development

Erica Opstad, 858/720-7128

KEYWORD: MINNESOTA CALIFORNIA

INDUSTRY KEYWORD: BANKING

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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