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U.S. Bank to Open Corporate Branch at Nissan Manufacturing Facility

DECHERD, Tenn., Feb 3, 2004 (BUSINESS WIRE) -- U.S. Bank will open a branch office to serve the 1,200 employees in the Nissan powertrain assembly plant located at 520 Warren Chapel Road in Decherd, Tenn. The new branch is scheduled to open on Monday, Feb. 9, 2004, in a central location within the manufacturing facility. Grand opening festivities begin Monday, Feb. 9 and run through Friday, Feb. 13.

"Nissan has created a very nice working environment for their employees and we're proud to be a part of their facility," said Bill Yoder, district manager for U.S. Bank. "We've staffed the branch with top-notch talent to assist Nissan's Decherd employees with a full suite of U.S. Bank products and services and we're confident many employees will find them beneficial."

The branch will be open to Nissan employees Monday through Friday from 6:30 a.m. until 3:30 p.m. (closed Saturday and Sunday). Bank customers will have a full range of services at their disposal, from checking and savings to investment, mortgage and small business services.

This is the second branch that U.S. Bank has opened at a corporate site in Tennessee. It is common practice for the bank to place branch offices in non-traditional locations, such as corporate headquarters, university campuses and grocery stores. Currently, U.S. Bank has a branch presence at Dell Computers in Tennessee; Procter & Gamble in Ohio; Maritz in Missouri; Owensboro Mercy Health System and Churchill Downs in Kentucky; Aegon Insurance in Iowa; and Best Buy in Minnesota.

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 in 24 states 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 Media Relations
                  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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