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Campbell Supply Company Selects U.S. Bank Financial Products and Services

SIOUX FALLS, S.D.--(BUSINESS WIRE)--Sept. 10, 2002--U.S. Bancorp (NYSE:USB)

Campbell Supply Company has selected the U.S. Bank Retirement Solution product to assist with their 401(k) retirement plan.

Campbell Supply Company is a privately owned farm supply and building materials retail business with seven stores in six South Dakota and Iowa communities. Campbell Supply employs 130 people in their stores, central warehouse and home office in Sioux Falls, South Dakota.

We are a growing company and our financial needs are growing as well, said Dave Campbell, president of Campbell Supply Company. The Retirement Solution product from U.S. Bank will help us keep track of our finances as well as maximize our financial resources. U.S. Bank and U.S. Bancorp Piper Jaffray worked together to deliver an effective solution for our particular needs. Retirement Solution is a fully bundled 401(k) retirement plan product that offers flexibility and customization, funds for every style of investor, and technological advancements while easing the administrative burden.

Campbell Supply Company is a home-grown family run business that has been an important part of the communities in South Dakota and Iowa since it was established by Dave Campbell's father, Roy Campbell, in 1954, said Diane Thormodsgard, president of U.S. Bank Institutional Trust & Custody. U.S. Bank will deliver the best service possible to Campbell Supply Company, backed by our Five Star Service Guarantee.

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.

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 Media Relations

Amy Frantti, 612/303-0733

amy.frantti@usbank.com

KEYWORD: MINNESOTA SOUTH DAKOTA IOWA

INDUSTRY KEYWORD: BANKING HUMAN RESOURCES CONSUMER/HOUSEHOLD RETAIL PRODUCT

SOURCE: U.S. Bancorp

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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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