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U.S. Bank Ranks #2 in Nation for Agricultural Lending

MINNEAPOLIS, Jun 18, 2003 (BUSINESS WIRE) -- U.S. Bank N.A., is one of the top agricultural lenders in the United States, ranked by total farm loans. The findings, published in Ag Lender and in the American Bankers Association's Journal of Agricultural Lending, are ranked according to information provided on call and income reports to the Federal Reserve System for the quarter that ended December 31, 2002.

Ranked second in the nation, U.S. Bank provides top-notch service and products, including lines of credit, to individuals and businesses, including family farms, in the agricultural industry.

In the rankings for 2002, Ag Lender and the Journal of Agricultural Lending state that U.S. Bank had more than $2 billion in total agricultural loans. Of that, there are over $1.3 billion in agricultural production, livestock and agribusiness loans and nearly $728 million in farmland loans.

"This ranking shows that U.S. Bank is a dominant player in the agricultural lending industry," said John Elmore, executive vice president of the community banking division at U.S. Bank. "Our customers tell us that they are impressed with the variety and quality of the financial products and services U.S. Bank has provided them. U.S. Bank's lenders are committed to helping their customers and take pride in understanding the agricultural industry they serve."

U.S. Bancorp (NYSE:USB), with assets in excess of $182 billion, 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. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

SOURCE: U.S. Bank

CONTACT:          U.S. Bank Media Relations
                  Amy Frantti, 612/303-0733

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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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