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Todd Hollander Joins U.S. Bank as Market President of Orange County

ORANGE COUNTY, Calif., Jan 13, 2004 (BUSINESS WIRE) -- Todd E. Hollander has joined U.S. Bank to serve as the market president of the organization's operations in Orange County. Hollander most recently was executive vice president and manager of the Wells Fargo business banking group's Los Angeles/Orange County divisions. David I. Rainer, executive vice president of U.S. Bank's commercial banking-west region, made this announcement recently.

Rainer commented, "Naming Todd to the newly formed position of president for U.S. Bank in Orange County is evidence of our growth and further commitment to the market. Todd is an outstanding leader and will complement the team of hard working aggressive bankers we have in our Orange County market. He knows the market and is a straightforward decision maker who is shares U.S. Bank's commitment to the customer through its Five Star Service Guarantee. Todd can help us take U.S. Bank to the next level in our Orange County market."

In addition to his responsibilities in Orange County, Hollander will be responsible for the business development program for commercial banking in the western United States and the financial strategies team that provides high level service to businesses with large deposit relationships. He will also have primary responsibility for the national cross sell initiative for commercial banking.

Hollander, age 37, who started his banking career in Orange County with Wells Fargo, has spent the last 13 years with that organization in California working in the business banking, retail and commercial financial services groups. His career in banking has taken him to Los Angeles, San Francisco, Irvine, City of Industry and Costa Mesa and he has served in a variety of positions ranging from division manager for the business banking group to business sales manager in the retail banking sector.

A graduate of San Diego State University, he has also completed additional training and course work involving bank and financial services management programs at the University of Chicago and Stanford University. Hollander is also graduated from the Graduate School of Bank Management, with honors, at the University of Virginia.

Hollander is currently an active member of the community, which is something he plans to continue in his new position as market president of U.S. Bank in Orange County. He presently is chairperson of the Minority Business Opportunity Committee for the City of Los Angeles, a board member of KCOE (PBS) Television Station and California Hispanic Chamber of Commerce, and an advisory board member of the Los Angeles Community and the national Minority Business Development Agency.

Hollander resides in Newport with his wife Julie and their three sons.

U.S. Bancorp, with assets of $189 billion, is the 8th largest financial services holding company in the United States. The company operates 2,201 banking offices and 4,506 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.

Editor's note: Photo is available upon request.

MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4549054

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  Steve Dale, 612-303-0784
                  Karen Greenwood, 612-303-0731

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Copyright (C) 2004 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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