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U.S. Bank Opens Branch at University of Minnesota Coffman Memorial Union on Tuesday, Jan. 21

MINNEAPOLIS, Jan 17, 2003 (BUSINESS WIRE) -- The new U.S. Bank (NYSE:USB) branch located in the freshly renovated Coffman Memorial Union on the University of Minnesota Twin Cities campus will open for business on Tuesday, Jan. 21 with a ribbon cutting followed by a grand opening celebration.

The opening will be marked with a ribbon cutting at 2 p.m. on Jan. 21. The ribbon, made of $5 bills, will be donated to Coffman Memorial Union in an amount totaling $500.

Visitors will receive U.S. Bank gold coin candies, pens, mouse pads and key chains and can register to win a spring break travel voucher valued at $1,000, a $500 American Express Gift Cheque or one of four $50 Best Buy Gift Cards. Those who GoPher the Gold with U.S. Bank and open a new account will receive a $10 gift certificate for the new University Bookstore, also housed in Coffman.

Almost all of the branch employees are university students or alumni, including Eric Rediske, who is the branch manager. Rediske earned his bachelor's degree in finance from the university in 1991 and is thrilled to return to the campus that he knows and loves.

"Our goal is to be the community bank for the university community in the Twin Cities," said Rediske. "Our services provide easy and convenient banking solutions that make sense for the students, staff and faculty who will be using the union each day."

The branch will be open Monday through Friday from 8:30 a.m. to 5:30 p.m. and Saturday from 10 a.m. to 1 p.m. (closed on Sunday). Customers will have a full range of services at their disposal, from checking and savings to investment, mortgage and small business services. For more information call (612) 331-7388.

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

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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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