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Two Prominent San Diego Leaders Join U.S. Bank Board

SAN DIEGO, Mar 10, 2005 (BUSINESS WIRE) -- Marney Cox, chief economist for the San Diego Association of Governments (SANDAG) and Mike Bohn, athletic director for San Diego State University (SDSU), have joined the U.S. Bank local board in San Diego. They participated in their first board meeting in early February.

Cox and Bohn join a distinguished group of professionals who provide insight and guidance to local bank leaders on business opportunities and issues that impact the community. They also serve as ambassadors, responsible for sharing the U.S. Bank story within the community and providing prospective business leads for U.S. Bank to pursue.

"We simply could not be more fortunate than to have these two tremendously successful and respected individuals on our team," said Robert Armstrong, president of U.S. Bank in San Diego. "Marney Cox and Mike Bohn are truly champions for San Diego and will, without question, provide valuable insight on how U.S. Bank can continue to succeed in this marketplace. I am thrilled that they have joined the board and look forward to working closely with them."

Cox, who holds bachelor's and master's degrees from SDSU, has been with SANDAG since 1979. He is responsible for producing a set of long-range forecasts for the San Diego region and its economy as part of an organization that is responsible for a broad range of regional issues including transportation, growth management, economic development, housing, waste management, air quality, water quality, energy and public safety. The organization's forecasts are used as guidelines in pubic infrastructure planning documents and private sector business plans.

Bohn was named athletic director at SDSU in 2003. A native of Colorado, Bohn earned his bachelor's degree from Kansas University and master's degree from Ohio University. Since he arrived at SDSU from the University of Idaho, Bohn hit the ground running bringing new energy and a new direction for Aztec Athletics, reaching out to all Aztec constituencies. U.S. Bank has been among the strong corporate supporters of SDSU and Aztec Athletics through sponsorship, educational support and business relationships.

Other members of the U.S. Bank board in San Diego include: Nikki Clay of Carpi and Clay, David Dolgen of Dolgen Ventures, G.T. Frost, Jr. of Frost Hardwood Lumber Co., Daniel Gatto of Gatto, Pope, Walwick & Katz, LLP, Joyce Glazer, San Diego philanthropist and community leader, Robert Gleason, chief financial officer and general counsel of Evans Hotels, Austin "Ozzie" Gontang of TEC International, Brian Kinsman president of Kinsman Capital LLC, William A. Lofft, chief financial officer of Modern Postcard, John Rebelo, Jr., former chairman and chief executive officer of a legacy U.S. Bank company, Denis Trafecanty managing partner of Tatum Partners, Allan Wasserman, executive vice president of Stewart Title and Robert Armstrong, U.S. Bank San Diego market president.

U.S. Bancorp (NYSE:USB), with assets of $195 billion, is the 6th largest financial holding company in the United States. The company operates 2,370 banking offices and 4,620 ATMs, 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.

SOURCE: U.S. Bank

CONTACT:
U.S. Bank
Teri Charest
612-303-0732

"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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