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Wausau Homes Inc. Selects U.S. Bank Retirement Plan

WAUSAU, Wis., Dec 9, 2002 (BUSINESS WIRE) -- Wausau Homes, Inc., has selected U.S. Bank's Retirement Solution to assist the company with its 401(k) profit sharing plan for its employees.

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.

"U.S. Bank's Retirement Solution 401(k) product is affordable and is a natural fit with the culture of Wausau Homes," said Marvin Schuette, owner of Wausau Homes, Inc. "With U.S. Bank's enthusiasm for the company and flexibility with the plan, we know they are genuinely interested in Wausau Homes and its employees. We're not just another account coming in the door."

"At U.S. Bank we're honored to expand our relationship with Wausau Homes," said Bill Blosky, senior vice president and market manager for U.S. Bank Institutional Trust & Custody in Wisconsin and northern Illinois. "U.S. Bank will provide the same high level of quality product and customer service to Wausau Homes, as they provide their customers."

Since 1960, Wausau Homes Inc. has built and designed quality custom homes using their revolutionary controlled construction methods. The combined companies of Wausau Homes and Sterling Systems, have facilities operating in Florida, Ohio, Illinois, Indiana, Iowa, Virginia, and Wisconsin, servicing over 700 builders. It is through Wausau Homes dedication, commitment and leadership of their people, builders, customers, contract services and suppliers that enable Wausau Homes to be America's #1 producer of custom built homes.

U.S. Bank Institutional Trust & Custody is a division of U.S. Bank N.A. that focuses on retirement, investment and custody services to institutional clients. Its product offerings include retirement plans (401(k), profit sharing or money purchase pension plans), institutional custody and master trust services.

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. Bank Media Relations
                  Amy Frantti, 612/303-0733

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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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