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Ohio Farmers Names U.S. Bank Service Provider of the Year

CLEVELAND--(BUSINESS WIRE)--July 27, 2004--U.S. Bancorp (NYSE:USB)

Ohio Farmers named U.S. Bank its "Service Provider of the Year" at its annual food show held in Mayfield Heights, Ohio.

Founded in 1952, Cleveland-based Ohio Farmers delivers a large variety of grocery, dairy, frozen foods, fresh meats, poultry, paper products and fresh produce to stores throughout Northeast Ohio.

Eliot Gelb, president and CEO of Ohio Farmers, said, "We selected U.S. Bank because they are as customer-driven as we are. U.S. Bank takes it Five Star Service Guarantee seriously and has gone above and beyond to meet our organization's financial needs. They've provided a creative financial structure to enable us to cost-effectively grow our business."

Kurt Treu, U.S. Bank in Northeast Ohio market president, said, "Judy Ulrich, U.S. Bank commercial relationship manager, has led a dedicated group of people here who are committed to providing quality financial solutions to help companies grow in a competitive business environment."

U.S. Bancorp (NYSE:USB), with $190 billion in assets, is the 6th largest financial services holding company in the United States. The company operates 2,315 banking offices and 4,565 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 in which the company pays customers if certain key banking benefits and services are not met. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

    CONTACT: U.S. Bank
             Lisa Clark, 608-877-7517

    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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