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U.S. Bank Introduces Members of the Regional Board for Orange County and the Inland Empire

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Sept. 13, 2004--U.S. Bancorp (NYSE:USB)

Todd Hollander, president of U.S. Bank in Orange County and the Inland Empire, has named the members of a newly-created regional bank board that will consult and advise bank leaders on community and business issues relevant to the area. They held their first meeting on Thursday, Sept. 9.

Richard Davis, vice chairman for commercial and consumer banking, conveyed to the group the importance of Orange County and the Inland Empire to the success of U.S. Bancorp. "There is no greater potential for growth than right here," he said. "We hand picked the best bankers in the region who are committed to expanding our presence and providing Five Star Guaranteed Service to our customers, prospective customers and partners in the community. The creation of this regional board is a symbol of that commitment. We have been very fortunate to recruit some of the best business minds in the area to be a part of this great team."

The distinguished charter members of the U.S. Bank regional board in Orange County and the Inland Empire are:

    --  Douglas Neff, managing partner of IHP Capital Partners in
        Newport Beach;

    --  Parker Kennedy, chief executive officer of First American
        Title in Santa Ana;

    --  Dr. Anil Puri, dean of the College of Business and Economics
        at California State University Fullerton;

    --  Rod Dedeaux, legendary University of Southern California
        baseball player and now chief executive officer of Dart
        Equipment in City of Commerce;

    --  Henry Mendoza, managing partner of Mendoza Berger & Company,
        LLP in Irvine and treasurer of the California Hispanic Chamber
        of Commerce;

    --  David Ball, president of Arnel & Affiliates in Costa Mesa;

    --  Walter Schindler, managing partner of the Odyssey Venture
        Group in Newport Beach;

    --  Dr. JoEllen Allen, director of public affairs for Southern
        California Edison and

    --  Ardelle St. George, principle and partner of Law Firm St.
        George & Carnegie in Irvine.

"We are honored to bring these distinguished civic, business and educational leaders together as U.S. Bank expands its relationships with consumers, businesses and community organizations in Orange County and the Inland Empire," Hollander said. "The insight and perspectives that our regional board members provide are tremendously valuable and important to our success. They add tremendous prestige to our organization, and we are grateful for their time and contributions."

The creation of the board represents U.S. Bank's strategy in Orange County and the Inland Empire that is led by local people, driven by the unique characteristics of the market and supportive of local organizations.

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 2,344 banking offices and 4,578 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
             Teri Charest, 612-303-0732

    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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