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U.S. Bank Partners with Northwestern University

CHICAGO, Apr 15, 2004 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)

Northwestern University has chosen U.S. Bank to provide banking services on its campuses. This new relationship includes a variety of U.S. Bank financial products and services for students, faculty and staff. U.S. Bank will open a full-service branch at Northwestern's Evanston, Ill., campus on July 1, 2004, inside the Norris University Center. U.S. Bank will also operate seven ATMs on that campus, as well as three ATMs on the Chicago campus. In addition, U.S. Bank will provide the banking functionality for Northwestern's multi-use identification card, the "WildCard," including student checking and workplace banking products and services. The U.S. Bank ATMs, WildCard services and campus branch will be available beginning July 1.

"We are excited for this opportunity to partner with one of the nation's most important educational institutions," said Deb Hill, senior vice president and regional manager, U.S. Bank. "Northwestern University students, faculty and staff members will be well served by the breadth of U.S. Bank's premier products and services that are backed by our Five Star Service Guarantee, which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience."

"We are pleased that U.S. Bank will be the banking partner of Northwestern University," said Brian Peters, director of University Services, Northwestern University. "U.S. Bank has a strong history of serving students and campuses across the country. We're glad to extend those services to our campus through this relationship."

The WildCard provides official identification and a variety of conveniences for more than 25,000 students, faculty and staff. The WildCard, in addition to serving as official campus identification, provides access to campus photocopy machines, student laundry facilities, health services, the pharmacy and computer labs, and is an alternative to cash at beverage and snack machines.

For cardholders who are also U.S. Bank customers, the WildCard will double as their ATM card on and off campus. The campus ATMs will also dispense phone minutes, postage stamps and other banking services in addition to traditional cash deposit and withdrawal functions. U.S. Bank has 84 ATMs in the Chicagoland area, among 4,472 ATMs nationwide. The full-service campus branch will offer the Northwestern students, faculty and staff the ability to conduct banking transactions on their terms.

"As part of our commitment to serving the Northwestern community, we plan to work with the Norris University Center Advisory Board to identify agreeable operating hours that will cater to students needs," said Hill.

Northwestern is one of 23 colleges and universities that have joined with U.S. Bank for a campus banking program. Others include the University of Minnesota; Marquette University in Milwaukee; San Diego State University; Gonzaga University in Spokane, Washington; Iowa State University; Northwest Missouri State University; Xavier University in Cincinnati and the University of Louisville.

U.S. Bank is one of the top student banking institutions in the nation providing a comprehensive line of student banking products, including campus ID card programs, student loans, Internet banking, U.S. Bank student checking and savings, and Visa Buxx(R) prepaid spending cards. For more information on these services, visit usbank.com/studentbanking.

U.S. Bancorp (NYSE:USB), with assets of $189 billion, is the 7th largest financial services holding company in the United States. The company operates 2,282 banking offices and 4,472 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 www.usbank.com.

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  Amy Frantti, 612-303-0733
                  or
                  Northwestern University
                  Brian Peters, 847-491-8420

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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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