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U.S. Bank Honors 2003 U.S. Bancorp Foundation Grant Recipients in Oregon

PORTLAND, Ore., Oct 27, 2003 (BUSINESS WIRE) -- U.S. Bank will honor 174 non-profit organizations from across Oregon that were recipients of U.S. Bancorp Foundation grants in 2003. The ceremony, which is held annually for invited guests, will take place Thursday, Oct. 30 at 11:30 a.m. at the Oregon Convention Center in Portland.

The organizations come from 48 cities and towns from Grants Pass to Astoria to Pendleton to LaGrande in Ore., and Vancouver, Wash. They will be honored with a luncheon and ceremony with entertainment by "Get On Your Feet Improv". U.S. Bank employees who are board members or volunteers in some capacity with these organizations will be among those honoring these outstanding groups.

"We are tremendously grateful to these outstanding organizations that give back to the community through educational endeavors, artistic pursuits and economic development year after year," said Mike Michael, president of U.S. Bank in Oregon. "Words alone cannot express their contributions to the community, which is why we choose to shine an even greater light on the work that they do in this annual recognition event."

U.S. Bank operates 188 branches and 492 ATMs across Oregon, with more than 4,800 employees who are committed to the Oregon communities in which they work. U.S. Bank in Oregon hosts a local community board in each of its six regions comprising business leaders from diverse fields and backgrounds and who help guide bank strategy and who serve as ambassadors in the community.

U.S. Bank is part of U.S. Bancorp (NYSE:USB). With assets of $195 billion, U.S. Bancorp 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. Visit U.S. Bancorp on the web at usbank.com.

Editors note: Media are welcome to attend this event, which is open to attendees by invitation only.

SOURCE: U.S. Bancorp

CONTACT:          U.S. Bancorp
                  Teri Charest, 612-303-0732

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Copyright (C) 2003 Business Wire.  All rights reserved.

SOURCE: U.S. Bancorp

"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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