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U.S. Bank Honors Local Non-Profit Organizations

PORTLAND, Ore., Dec 18, 2002 (BUSINESS WIRE) -- U.S. Bank honored non-profit organizations in Oregon and southwest Washington with a special luncheon in November that recognized all of the groups that received U.S. Bancorp Foundation grants in 2002.

A total of 195 organizations received more than $2 million in grant dollars from the U.S. Bancorp Foundation in 2002. The event was attended by more than 160 people, which included representatives of U.S. Bank as well as organizations in Albany, Ashland, Astoria, Beaverton, Bend, Central Point, Coos Bay, Corvallis, Eugene, Grants Pass, Hillsboro, Hood River, Jacksonville, Klamath Falls, Lake Oswego, La Pine, Lebanon, Medford, Monmouth, Newport, Ontario, Portland, Rainier, Redmond, Roseburg, Salem, Sisters, Springfield, The Dalles, Tigard, Vancouver, Williams, and Woodburn.

Joseph Otting, president of U.S. Bank in Oregon, welcomed the group, as did Linda Wright, vice president of community relations and Barbara Smith, vice president of community investment at U.S. Bank. The group then heard a keynote address by Martha Richards with the Collins Group, who spoke on the timely subject of current trends in fundraising.

"We're grateful every day for the contributions that these organizations make to our lives and the health of our community," Otting said. "It's an honor for U.S. Bank to have the opportunity to publicly thank them and recognize how valuable they are to our region."

U.S. Bancorp, 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
                  Teri Charest, 612/303-0732
                  teri.charest@usbank.com

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SOURCE: U.S. Bank

"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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