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U.S. Bank Partners With San Diego State University to Add Banking Services To SDSU Card

SAN DIEGO, Nov 26, 2002 (BUSINESS WIRE) -- San Diego State University (SDSU) has chosen U.S. Bank to add banking services to its SDSU Card. The SDSU Card provides official identification and a variety of conveniences for more than 40,000 students, faculty and staff. As part of its commitment, U.S. Bank will also sponsor the inaugural SDSU Month and deploy three U.S. Bank ATMs on campus in the spring of 2003.

"This partnership is tremendously important to U.S. Bank and is symbolic of our commitment to San Diego," said Robert Armstrong, market president of U.S. Bank in San Diego. "We are grateful to the university for this opportunity to deepen our relationship with them."

The SDSU Card, in addition to serving as official campus identification, provides access to campus photocopy machines, student laundry facilities, health services, the pharmacy and computer labs, and is an alternative to cash at drink and snack machines.

"The SDSU Card continues to make campus life easier and more convenient for students, faculty and staff," said Joe Vasquez, director of finance at SDSU. "U.S. Bank has a strong history of serving students and campuses across the country, and we're proud to extend those services to our campus through this partnership."

For cardholders who are also U.S. Bank customers, the SDSU Card will double as their ATM card on and off campus. U.S. Bank will to install three ATMs on campus in the spring of 2003, which will also dispense phone minutes, stamps and other banking services in addition to traditional cash deposit and withdrawal functions. U.S. Bank has 41 ATMs in San Diego, among 4,680 ATMs nationwide.

"San Diego State University has an advanced ID card program and a large student body. By adding banking functionality and new emerging technology, the SDSU Card will add tremendous value to SDSU's nationally recognized card program," said Jim Marshall, senior vice president of campus banking at U.S. Bank.

SDSU is one of 12 colleges and universities that partner with U.S. Bank for a campus card program. Others include Iowa State University, Northwest Missouri State University, Xavier University and the University of Louisville.

U.S. Bank will also be a marquis sponsor of SDSU's inaugural "SDSU Month," which takes place in March and celebrates SDSU's dynamic and varied universe of friends. From alumni and staff to donors, students and partners, SDSU Month will recognize the critical link between the university and the greater community. U.S. Bank will take part in all SDSU Month events, including the 31st Annual Monty Awards Gala, Athletics Day, Venture Challenge 2003 and Heart in Technology, a campus-wide festival celebrating technology at SDSU.

SDSU will also participate in U.S. Bank Workplace Banking, which extends special banking services and products to the approximately 7,000 SDSU employees.

"We're thrilled to partner with one of San Diego's most important and beloved institutions," said Chris Hollen, retail bank president for U.S. Bank in San Diego. "SDSU students, faculty and staff members will be very well served by the breadth of U.S. Bank products and services that are backed by our Five Star Service Guarantee."

U.S. Bancorp (NYSE:USB), with assets in excess of $174 billion, is the 8th largest financial services holding company in the United States. The company operates 2,133 banking offices and 4,680 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.

CONTACT:          U.S. Bancorp
                  Teri Charest, 612/303-0732
                  or
                  SDSU
                  Jack Beresford, 619/594-2448

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SOURCE: U.S. Bancorp

"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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