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U.S. Bank Opens New Branch Inside Vons Store in Las Vegas
LAS VEGAS--(BUSINESS WIRE)--March 18, 2004--U.S. Bank opened a branch inside the Vons store located at 7405 South Durango Street in Las Vegas on Wednesday, March 17. The branch is open seven-days-a week from 10 a.m. until 7 p.m. Monday through Saturday, and 12 p.m. until 5 p.m. Sundays.
"This new in-store branch at Vons offers a full range of services, convenient hours and the Five Star Service Guarantee, like all U.S. Bank branches in Nevada," said Henry Hall, district manager for U.S. Bank in-stores in Nevada. "In addition to having a full-service U.S. Bank ATM at this location, customers can open accounts, take advantage of investment opportunities, get a loan for a car, mortgage, boat, home improvement or debt consolidation."

In September 2003, U.S. Bank and Safeway/Vons announced plans to open a total of 163 new in-store branches in Safeway and Vons stores in Arizona, California and Nevada through fourth quarter 2005. This is the largest in-store expansion and partnership venture in U.S. Bancorp history. U.S. Bank has the third-largest in-store branch-banking network in the United States and will have a total of 456 in-store branches in 19 states once the Safeway/Vons expansion is completed. (Vons is a division of Safeway Inc.).
Safeway Inc. (NYSE:SWY) is a Fortune 50 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,817 stores in the United States and Canada and had annual sales from continuing operations of $35.6 billion in 2003.

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.

"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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