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U.S. Bank Promotes Twin Cities Native to Lead Branch Network in Headquarters Market

MINNEAPOLIS, Feb 27, 2004 (BUSINESS WIRE) -- Christine Hobrough has been named regional manager in charge of all 71 U.S. Bank branches in the U.S. Bank headquarters Twin Cities market. Hobrough succeeds Kurt Treu, who was promoted to the position of market president in Cleveland.

Hobrough has been with U.S. Bank for 21 years, starting as a teller in St. Paul when the company was First Bank System. During her tenure, Hobrough has held positions in information systems, consumer lending as well as numerous branch manager assignments. She has held market and district manager positions with the bank in Denver, Chicago, Milwaukee and most recently in the Twin Cities, where she oversaw 17 branches in the northeast metropolitan area.

"Christine is the perfect choice to lead the Twin Cities," said Kathy Beechem, executive vice president of metropolitan banking at U.S. Bank. "She is a top performer leading many of her managers to our highest recognition, Pinnacle, which she earned herself all four quarters this year. She is respected by her peers, loves our bank, loves the Twin Cities and is a welcome addition to the regional metro team."

Hobrough earned her bachelor's degree in economics from the University of Minnesota, and is in the process of completing her master's degree in finance from the University of St. Thomas in St. Paul, Minn. She serves on the board of the Minnesota Children's Museum. Hobrough and her family live in Stillwater, Minn.

U.S. Bancorp (NYSE:USB), with assets of with $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

Editor's note: photo available upon request.

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  Teri Charest, 612-303-0732
                  Steve Dale, 612-303-0784

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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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