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Pacific Northwest Title of Oregon, Inc. Chooses U.S. Bank

PORTLAND, Ore., Aug 6, 2003 (BUSINESS WIRE) -- U.S. Bank has signed with Pacific Northwest Title of Oregon, Inc. to provide financial services to the Portland-based company.

Although the specific terms of the contract are not disclosed, Pacific Northwest Title of Oregon is now one of the largest deposit customers of U.S. Bank in Oregon. It also utilizes many treasury management services including information reporting, account reconciliation, positive pay, ACH services and Check Image Services. These services will allow them to send, approve and review hundreds of wires via the Internet, automate their reconciliation process and reduce the risk of fraud.

The mission of Pacific Northwest Title of Oregon is to provide the highest quality title and escrow services available to the marketplace, while maintaining a highly competitive and aggressive marketing effort and a skillful eye towards profitability. The company provides full signing and escrow services as well as title insurance and real estate information research primarily in Clackamas, Multnomah or Washington County.

The main office of Pacific Northwest Title of Oregon is located in Tigard, Ore., with 11 local area branch offices under its control located throughout the Portland metro area. The company was originated in 1972 and currently has more than 150 employees. Pacific Northwest Title of Oregon is one of a number of affiliated companies majority owned by Pacific Northwest Title Holding Co., based in Seattle. Visit Pacific Northwest Title of Oregon on the Web at www.pnwtor.com.

U.S. Bancorp (NYSE:USB), with assets of $195 billion, is the 8th largest financial services holding company in the United States. The company operates 2,199 banking offices and 4,575 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
                  Teri Charest, 612-303-0732

URL:              http://www.businesswire.com
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Copyright (C) 2003 Business Wire.  All rights reserved.

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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