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U.S. Bank Government Relations Employee Appointed to NACHA Advisory Group

PORTLAND, Ore., Jun 5, 2003 (BUSINESS WIRE) -- Chris Karlin, senior vice president and western region manager of U.S. Bank's Government Banking in Portland, Ore., has been named to the Government Relations Advisory Group for NACHA, the Electronic Payment Association. Karlin was selected for this position by members of U.S. Bank's Treasury Management division.

As a result of his appointment, Karlin will represent the interests of U.S. Bank's government client base in the organization's national forum. He will also provide the company with expertise on new electronic payment initiatives to provide U.S. Bank's government clients with leading edge technology and services.

"Chris is a wonderful representative of U.S. Bank and is a driving force in its leadership within the government industry," said Tim Somers, senior vice president and division head of the Government Banking Division at U.S. Bank. "We're very proud and lucky to have such a strong leader and team player on board."

Karlin has more than 20 years of experience in the banking industry with treasury management sales, relationship management and government sales. Based out of Portland, Karlin manages the government banking sales teams in Washington, Montana, Idaho, Oregon, California, Arizona, Nevada, Utah, Missouri, Colorado, Wyoming, Iowa, Nebraska and Arkansas.

The NACHA is the leading organization in developing electronic solutions to improve the payments system. NACHA represents more than 12,000 financial institutions through direct memberships and a network of regional payments associations, and 650 organizations through its industry councils. NACHA develops operating rules and business practices for the Automated Clearing House (ACH) Network and for electronic payments in the areas of Internet commerce, electronic bill and invoice presentment and payment (EBPP, EIPP), e-checks, financial electronic data interchange (EDI), international payments and electronic benefits transfer (EBT).

U.S. Bank is part of U.S. Bancorp (NYSE: USB). With assets in excess of $182 billion, U.S. Bancorp is the 8th largest financial services holding company in the United States. The company operates 2,200 banking offices and 4,582 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 usbank.com.

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  Karen Greenwood, 612/303-0731

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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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