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Michael Dockman Named Vice President of New Business Development for U.S. Bank Corporate Trust Services

COLUMBUS, Ohio, May 11, 2004 (BUSINESS WIRE) -- Michael Dockman has been named vice president of new business development for U.S. Bank Corporate Trust Services in the Ohio Valley area. The announcement was made by Terry McRoberts, executive vice president of Corporate Trust Services at U.S. Bank.

"Mike is a solid addition to the U.S. Bank Corporate Trust Services team in the Ohio Valley region," said McRoberts. "His knowledge and experience in the financial services industry will enhance the strong position U.S. Bank Corporate Trust Services has in this territory."

Dockman is responsible for sales and new business development in the Ohio Valley covering Ohio, Kentucky and West Virginia. He reports to McRoberts.

Previously, Dockman worked at Bank One. He is a graduate of Cleveland State University in Cleveland, Ohio. He is a Certified Corporate Trust Specialist and has a Series 65 Designation. Dockman works at the U.S. Bank office located at 175 South Third Street in Columbus.

U.S. Bank Corporate Trust Services is one of the nation's largest providers of trustee services with more than $1.2 trillion in assets under administration in municipal, corporate, asset-backed and international bonds. In addition, it provides paying agent, escrow agent and document collateral services through its network of offices nationwide.

U.S. Bancorp (NYSE:USB), with assets of $192 billion, 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.

Photo available upon request.

SOURCE: U.S. Bank

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