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U.S. Bank Honored at Oregon Sports Awards

PORTLAND, Ore., Feb 2, 2004 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)

U.S. Bank was recognized for two decades of support for the Oregon School Activities Association (OSAA) at the Oregon Sports Awards during a ceremony recently. The Oregon Sports Awards took place at the Nike World Campus' Tiger Woods Center in Beaverton, Oregon.

Mike Michael, president of U.S. Bank in Oregon, accepted the Les Schwab Friend of Sports Award on behalf of the company. The award honors an individual, group or corporation that has made sustained and substantial contributions to local sports programs or events.

"The more than $3 million U.S. Bank has contributed to the OSAA over the years has made it possible for students across Oregon to experience the thrill of competing in a state championship event," said Michael. "U.S. Bank is honored to receive this award, and we are committed to continuing our tradition of support for the OSAA."

"This award clearly illustrates U.S. Bank's continued commitment to high school students in Oregon," said Tom Welter, executive director of the OSAA. "The OSAA is very proud to have worked with U.S. Bank as a title sponsor since 1984. During the past 20 years more than two million students in our 284 member schools have participated in our state championship events and benefited from our partnership with U.S. Bank. We look forward to working with U.S. Bank in the future to positively impact the next generation of high school students in our state."

OSAA is a nonprofit organization dedicated to ensuring equitable competition for Oregon high school students through OSAA-sponsored events. The organization sponsors 80 state championships for students competing in 16 interscholastic activities.

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 www.usbank.com.

SOURCE: U.S. Bank

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

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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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