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U.S. Bank Names New Market President and Opens New Regional Headquarters and Banking Office in Financial District

CHICAGO, Oct 5, 2004 (BUSINESS WIRE) -- U.S. Bank, the sixth-largest bank in the United States, officially welcomes Daniel H. Reisner as the organization's new market president and opens its new regional headquarters in Chicago's historic Rookery Building at 209 S. LaSalle on Tuesday, October 5.

Jerry A. Grundhofer, chairman, president and CEO of U.S. Bancorp, the parent company of U.S. Bank in Chicago, said, "U.S. Bank is the largest bank headquartered in the Midwest and we are proud to strengthen our presence in the Chicago market with new leadership and our new home in the financial district's Rookery Building. Dan is a professional with impressive skills and experience and is a tremendous asset to our organization. He can lead us deeper into the middle market business community. This move indicates our commitment to this vital market and we are proud to be located at the center of Chicago's financial services arena. Dan and his team of more than 800 employees are dedicated to taking our Five Star Customer Service Guarantee to the next level."

Reisner noted, "U.S. Bank is a world class institution in terms of its size, scope of capabilities and overall quality and dedication of its professionals. U.S. Bank is an organization that is committed to the highest level of client service, a critical ingredient to winning in Chicago's competitive marketplace. This position allows me to lead a talented team of bankers. Together, we will reinforce our commitment to our long term clients and create new relationships in our community. I am particularly pleased to have this opportunity in my hometown."

Reisner, with more than 20 years of experience in the financial services industry, will be responsible for all middle market business activities and serve as president of the Chicago region. He most recently was at LaSalle National Bank's middle market group in Chicago. He founded and managed Merrill Lynch's western U.S. middle market investment banking practice in Los Angeles, co-founded a West Coast real estate investment management enterprise, and worked in the capital markets divisions of Goldman Sachs and First Boston in New York, London and Tokyo. Reisner earned an economics degree from The Wharton School at the University of Pennsylvania, and his MBA from the University of Chicago. He resides in the northern suburbs with his wife Gloria and their two children. He is heavily involved in the local community, including such organizations as Ravinia Festival's Community Outreach and Education Program, which provides music education to children in schools throughout the Chicagoland area.

U.S. Bank's regional headquarters occupies the 2nd, 3rd and 4th floors of the Rookery and a new full-service branch with ATM access on LaSalle Street. In addition, U.S. Bank has offices at 30 N. Michigan Avenue and in the Wrigley Building. It also has 52 retail locations throughout the Chicago area, including seven branches located inside Meijer stores in the western suburbs.

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 businesses, consumers, 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.

SOURCE: U.S. Bank

U.S. Bank
Steve Dale, 612-303-0784
Lisa Clark, 608-877-7517
"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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