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Baldwin Hills Celebrates U.S. Bank Grand Opening on Feb. 8; Branch Decorated With Works by Youth Artists From LA's David G. Brown Studio

LOS ANGELES, Feb 4, 2003 (BUSINESS WIRE) -- U.S. Bank in Baldwin Hills will celebrate the grand opening of the branch office and unveil the art wall in the branch, which will display works by youth artists from the David G. Brown Studio in Los Angeles. The grand opening festivities take place Saturday, Feb. 8 from 11 a.m. to 3:30 p.m. at the branch at 3605 South LaBrea Avenue in Los Angeles.

"We welcome our new neighbors to stop by and join us in celebrating this community partnership," said Greely Snowden, assistant vice president and branch manager for U.S. Bank in Baldwin Hills. "We look forward to meeting our new friends and neighbors, introducing them our new location and some of the artists whose work will be displayed on site, which is probably the best symbol of how we plan to be engaged with the neighborhood."

Nine local artists have their work on display at the new U.S. Bank branch in Baldwin Hills. They participated in workshops through David G. Brown Studios at Watts Tower, the Los Angeles Public Library and Canoga Park. The images reflect the talents of some of our very young artists in the community, as they salute famous jazz musicians with their artistic visions.

The celebration will include an appearance by KJLH 102.5 FM on location, performances by the high school band, Baldwin Hills Elementary School dance and drill teams, a moon walk jumping tent for kids, games, prizes, balloons and giveaways.

The Baldwin Hills location is the third newly constructed bank office that U.S. Bank has opened in Los Angeles in the last two years. In May 2001, it opened a new office in Boyle Heights and another at the intersection of Slauson and Crenshaw.

U.S. Bank is part of U.S. Bancorp. With assets in excess of $180 billion, U.S. Bancorp is the 8th largest financial services holding company in the United States. The company operates 2,142 banking offices and 4,604 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
                  Greely Snowden, 323/295-5204

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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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