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U.S. Bank Relocates Churchill Downs Office to 700 Central Avenue; U.S. Bank Office on Churchill Downs Has Off-Betting TVG Facilities Throughout the Year

LOUISVILLE, Ky.--(BUSINESS WIRE)--May 5, 2005--U.S. Bank has relocated its Churchill Downs full-service office to 700 Central Avenue, next to the Churchill Downs gift shop. This branch is relocating from its former temporary at 4520 Poplar Level Road.

Jackie Ayson, U.S. Bank Churchill Downs manager said, "We are really excited to be in our new location in time for the Kentucky Derby. Track personnel appreciate having a bank on grounds with Spanish-speaking representatives who can explain various financial services available such as Secure Money Transfer, an ATM card-based international money transfer service specially designed to send money anywhere in the world.

U.S. Bank at Churchill Downs has off-betting TVG facilities throughout the year.

Ayson said U.S. Bank was one of the first financial institutions in America to accept the Matricula Consular as a form of identification along with the Individual Taxpayer Identification Number (ITIN), which makes it easier for individuals with non-resident status to open accounts. U.S. Bank offers a mortgage program called American Dream is available, as well as a special small business loan program called Capital! that was launched in conjunction with the Hispanic Chamber of Commerce.

At the new branch, customers can open checking accounts with free Internet bill pay, and conveniently transact business on savings, CDs, IRAs and other investment opportunities, or get a loan for a car, boat, home improvement or debt consolidation. We also have a Super ATM just outside the branch that sells postage stamps and phone cards in addition to handling banking transactions"

Ayson added that customers who take advantage of U.S. Bank products and services can also take comfort in knowing that U.S. Bank is home of the exclusive Five Star Service Guarantee, meaning business will be efficient and accurate or the bank will pay customers $5.

The hours of the new U.S. Bank office reflect the hours of the Churchill Downs Racetrack are Monday through Sunday from 10:00 a.m. to 6:00 p.m.

U.S. Bancorp (NYSE:USB), with $198 billion in assets, 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. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

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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