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U.S. Bank Receives 2003 Award of Merit from Urban League of Metropolitan St. Louis

ST. LOUIS, Mar 10, 2004 (BUSINESS WIRE) -- U.S. Bank has received the "2003 Award of Merit" from the Urban League of Metropolitan St. Louis. The award was presented to U.S. Bank recently for its outstanding work in community development and outreach.

"U.S. Bank is honored to receive this award from the Urban League, an organization that is vital to the overall well-being of the St. Louis community," said Catherine M. Myers, senior vice president and regional manager for U.S. Bank in St. Louis. "When every person has equal life chances, we are all better off. U.S. Bank is grateful to the Urban League for its outstanding work to help make it a reality."

"U.S. Bank has consistently demonstrated its commitment to the community through its wide range of vital community development programs," said James H. Buford, president and chief executive officer of the Urban League of Metropolitan St. Louis. "Whether it's helping provide affordable housing, providing volunteers with free tax preparation service for low-income working families, hosting financial education sessions or combatting predatory lending, U.S. Bank is doing its part to help make the St. Louis community a better place to live and work."

U.S. Bank's community development activities in the St. Louis area include:

    --  Investing in more then $30 million in affordable housing and
        revitalization efforts in 2003;

    --  Making more than $15 million in direct contributions to
        community groups over the past five years from the U.S.
        Bancorp Foundation;

    --  Actively participating in the St. Louis Tax Assistance Program
        -- in 2003, volunteers served nearly 1,300 families by
        generating refunds of more than $1.7 million;

    --  Organizing and teaching a three-part financial educational
        session for eighth grade students from low to moderate-income
        middle schools;

    --  Participating in the Coalition for Reputable Lending to help
        combat the effects of predatory lending by providing community
        outreach, education, legal services and loan products to
        vulnerable consumers of mortgages; and

    --  Contributing to the Gateway to Financial Fitness initiative,
        which provides financial literacy training for customers of
        nonprofits that assist low to moderate-income individuals and

The mission of the Urban League of Metropolitan St. Louis is to assist African Americans and others throughout the region in securing economic self-reliance, social equality, and civil rights. The Urban League implements its mission through advocacy, coalition building, program services, and by promoting communication and understanding among different races and cultures.

U.S. Bancorp (NYSE:USB) is the parent company of U.S. Bank. With assets of $189 billion, U.S. Bancorp 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.


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

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