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Steve Buntin Named Vice President of U.S. Bank Commercial Banking in Reno

RENO, Nev., Jan 28, 2004 (BUSINESS WIRE) -- Stephen G. Buntin has joined U.S. Bank as vice president and relationship manager. He will help lead the organization's commercial banking division in Reno. U.S. Bank's commercial banking division in Reno includes responsibility for all of Northern Nevada. Jack Prescott, senior vice president of U.S. Bank's commercial banking made this announcement recently.

"We are very pleased to be able to attract someone of Steve's talent and caliber to join our team of outstanding bankers in Reno," said Prescott. "He is an integral member of our commercial banking operations in a very important and growing state in our franchise."

Buntin previously was senior vice president and team leader of U.S Bank's commercial banking division in Spokane, Wash. Before that he was with U.S. Bank in Boise, Idaho as vice president and senior relationship manager. Prior to joining U.S. Bank, Buntin held other leadership positions in banking including that of chief credit officer for Sierra Tahoe Bancorp in Truckee, Calif.

A graduate of Willamette University in Salem, Ore., Steve is very active in the Northern Nevada community. He is a member of the Economic Development Authority of Western Nevada and is also a member of the Northern Nevada Development Authority.

U.S. Bancorp (NYSE:USB), with assets of $189 billion, is the 8th largest financial services holding company in the United States. The company operates 2,243 banking offices and 4,425 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.

MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4560196

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  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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