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U.S. Bank Supports Nehemiah Ministries with Financial Education for Its Church Leaders

CINCINNATI & LOS ANGELES, Mar 14, 2005 (BUSINESS WIRE) -- Nehemiah Ministries, the economic development arm of the African Methodist Episcopal (AME) 5th District Church, will benefit from a financial education program supported by U.S. Bank. The Reverend Mark Whitlock, of Nehemiah Ministries, said, "We are appreciative of U.S. Bank's assistance in providing valuable financial educational services to our church leaders."

The AME has approximately 60,000 members who attend 286 Episcopal Churches in 15 states west of Mississippi. U.S. Bank will help to sponsor events that will educate church leaders and members of the congregation on financial matters and will also present partnership information at AME's 5th District's Mid-Year Conference, which will be held March 16 - 18th in Ontario, California.

Jeff Rosen, executive vice president of U.S. Bank's community development group, said, "U.S. Bank is committed to nurturing and developing this unique partnership with Nehemiah Ministries and the 5th Episcopal Church."

U.S. Bank entered into an agreement to provide comprehensive financial services to the leadership and individual members of the AME 5th Episcopal District Church in late 2004, offering AME members discounted U.S. Bank products and services such as reduced closing costs on home equity loans. U.S. Bank will also present financial wellness seminars to members of the church who seek guidance on issues such as basic banking, budgeting, first-time homebuyer and retirement planning and investing.

U.S. Bank is a subsidiary of U.S. Bancorp (NYSE:USB). With assets of $195 billion, it is the 6th largest financial holding company in the United States, operating 2,370 banking offices and 4,620 ATMs, and providing 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
Lisa H. Clark
608-877-7517
lisa.clark2@usbank.com

"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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