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U.S. Bancorp Foundation Awards $20,000 to Iowa Citizens for Community Improvement

DES MOINES, Iowa, Dec 13, 2002 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)

Iowa Citizens for Community Improvement (Iowa CCI) was awarded a $20,000 grant from the U.S. Bancorp Foundation recently. The funds will be used for the organization's building campaign; "Your Money Matters" immigrant financial literacy project; and the direct food marketing project for independent family farmers.

The mission of Iowa CCI is to empower and unite local people of all ethnic backgrounds to take control of their communities, involve them in identifying problems and needs and in taking action to address them, and be a vehicle for social, economic and environmental justice.

"We are grateful for this grant from the U.S. Bancorp Foundation," said Joe Fagan, executive director of Iowa CCI. "The grant will help our organization continue to provide needed services to the community, including the goal of increasing financial literacy of immigrants and their long-term financial success; helping independent family farmers connect directly with consumer who are interested in farm fresh meat and affordable and locally grown healthy food; and improvements to our organization's office space."

"Iowa Citizens for Community Improvement is a great resource and asset to the entire Iowa community. U.S. Bank is proud to support them," said Michael Helak, president of U.S. Bank in Des Moines. "We are extremely fortunate to have such a dedicated nonprofit organization that works tirelessly for the betterment of all Iowans."

U.S. Bancorp is the parent company of U.S. Bank. 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 (in Iowa U.S. Bank has 110 offices and 230 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. Visit U.S. Bancorp on the web at www.usbank.com.

A digital photo of the check presentation is available. Contact Amy Frantti at 612-303-0733 or amy.frantti@usbank.com.

CONTACT:          U.S. Bank Media Relations
                  Amy Frantti, 612/303-0733
                  or
                  U.S. Bank, Des Moines
                  Mike Helak, 515/247-4902

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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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