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U.S. Bank to Surprise Two Students with $10,000 Scholarships at Back 2 Schools Program Banquet on May 5

MINNEAPOLIS, May 4, 2004 (BUSINESS WIRE) -- Two Minnesota high school students will be surprised Wednesday night (May 5) when they learn they have been selected to receive $10,000 scholarships from U.S. Bank as part of the U.S. Bank Back 2 Schools program.

The announcement will come at the end of the Back 2 Schools recognition banquet Wednesday, May 5 from 6 to 8 p.m. in the Great Hall at The Depot, located at 225 Third Avenue South in Minneapolis. The scholarship announcement will be at approximately 7:30 p.m.

U.S. Bank will recognize the more than 200 students and teachers from 130 schools statewide who received awards as part of the Back 2 Schools program, which is in its inaugural year. The Back 2 Schools program has three components - the U.S. Bank Teacher's Edition, the Five Star Student Honor Roll and the Prep Athletes of the Week.

Student winners in the Five Star Student Honor Roll program were honored with scholarships this past academic year based on their success in one of five categories - arts, academics, community service, leadership and personal success.

U.S. Bank has 124 branches and more than 9,300 employees across Minnesota. U.S. Bank is a subsidiary of Minneapolis-based U.S. Bancorp (NYSE:USB). With assets of $192 billion, U.S. Bancorp is the 7th largest financial services holding company in the United States. The company operates 2,275 banking offices and 4,472 ATMs in 24 states 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.

(Media note: For a full list of winners and the corresponding schools and cities or electronic photos after the event, call or e-mail Teri Charest at 612-303-0732, teri.charest@usbank.com.)

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  Teri Charest, 612-303-0732
                  cell: 612-518-9086 
                  teri.charest@usbank.com

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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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