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U.S. Bank Provides New Financing to the Los Angeles Mission

LOS ANGELES, Mar 23, 2004 (BUSINESS WIRE) -- U.S. Bank has provided financing to the Los Angeles Mission, Inc., a privately funded, nonprofit charity established to serve the immediate and long-term needs of the homeless. New banking services include a commercial real estate loan, a line of credit and deposit and treasury management services.

The Los Angeles Mission was founded in 1936 with the objective of providing hope and opportunity for destitute men, women and children. Its four principal areas of care include a community clinic, an education center, a homeless shelter and a center for battered women.

What began as a small rescue mission, the Los Angeles Mission is now among the nation's largest service providers to the homeless. It is supported by gifts from the private sector and depends completely on generous individuals, foundations, corporations and churches for its support.

"Our support of the Mission extends beyond a banking relationship," said William Cave, senior vice president and manager of U.S. Bank Commercial Banking in Ontario, Calif. "As a company that's growing in California, U.S. Bank is deeply committed to giving back to community organizations throughout the state."

U.S. Bank employees throughout Southern California will be donating personal care items for the benefit of the Los Angeles Mission at a company event on April 20.

With assets in excess of $189 billion, U.S. Bancorp (NYSE:USB) 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. Visit U.S. Bancorp on the Web at usbank.com.

SOURCE: U.S. Bank

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

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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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