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U.S. Bank Offers Inventory Financing to Route 66 Dealers

MINNEAPOLIS & OVERLAND PARK, Kansas--(BUSINESS WIRE)--May 4, 2005--U.S. Bank Dealer Commercial Services, recognized nationally for its success in dealer inventory financing, has announced a new partnership with the ROUTE 66 RV Network.

ROUTE 66 is a recreation vehicle dealer group comprising 85 independent dealers across the United States. Last year, U.S. Bank Recreation Finance was one of the first financial institutions to partner with ROUTE 66 to offer affordable and convenient consumer financing packages through ROUTE 66 dealers. Now, with this new relationship, U.S. Bank offers competitive inventory financing to dealers as well as their customers.

"We clearly recognize the value that ROUTE 66 brings to the RV industry and are pleased to continue to be a national partner as the network grows and gains new dealers," said Paul Novotny, RV and marine national accounts manager for U.S. Bank Dealer Commercial Services.

"We couldn't be more pleased to have U.S. Bank as a financial partner," said Dave Francis, managing partner of ROUTE 66. "They have been with us from the beginning and we have been very impressed with their support and creativity to bring new financial solutions to our dealers."

Among the additional services that U.S. Bank will provide ROUTE 66 dealers is a dedicated relationship manager who will work directly with them on their financing needs. For more information call (801) 537-6946.

The ROUTE 66 RV Network is a national coalition of 85 dealers at 110 locations in 41 states. This accounts for nearly $1.7 billion in RV sales. ROUTE 66 offers qualified RV dealers a national network of top quality, independent dealerships from coast-to-coast and border-to-border. This exclusive network offers a variety of services specifically designed to help mid-sized dealerships capitalize on today's exploding RV marketplace, while competing with the emerging mega-stores. Membership also allows dealers to give their customers the peace of mind that wherever they go in their new RV there's always a friend nearby to meet their parts and service needs. Member dealers maintain full ownership of their dealerships, keep complete operational control and share in unique network benefits only available to ROUTE 66 RV Network members. Visit ROUTE 66 online at r66rv.com or BuyAnRV.com.

U.S. Bank is a subsidiary of U.S. Bancorp (NYSE:USB). With $198 billion in assets, U.S. Bancorp is the 6th largest financial holding company in the United States. The company operates 2,377 banking offices and 4,654 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. Visit U.S. Bancorp on the web at usbank.com.

CONTACT: U.S. Bank Media Relations
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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