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U.S. Bank Invites Denver to ``Get on the Bus with Us!''; Five Star Service Express Rolls into Downtown Denver on Wednesday, May 11 at 11 a.m.; Will Also Tour Longmont, Colorado Springs and Pueblo

DENVER--(BUSINESS WIRE)--May 6, 2005--A one-of-a-kind phenomenon will roll into downtown Denver on Wednesday, May 11, bringing financial services, employment and homeownership opportunities to residents in a way that no other bank has approached in the area. The Five Star Service Express, sponsored by U.S. Bank Home Mortgage and Freddie Mac, in partnership with the Community College Foundation, will launch its tour with a celebration on Wednesday, May 11 at 11 a.m. in the parking lot of the U.S. Bank branch at 17th and Curtis Streets in downtown Denver. A tour of The Five Star Service Express, which will be in the parking lot behind the bank, will follow and the bus will remain available that day until 2 p.m. Lunch will be served to all who stop by and those who come on board will have a chance to enter a drawing for a $500 savings bond.

Helping to launch the bus tour will be Denver City Council President Elbra Wedgeworth, district 8; Mark Spates, director of Expanding Markets for Freddie Mac; Mark Smith U.S. Bank president in Denver; and Aimee Sherman, director of The Community College Foundation's Community Connect program development; and industry relations.

"Freddie Mac and U.S. Bank are to be commended for working with the Community College Foundation to help make homeownership a reality for more households in the Denver area," said City Council President Wedgeworth. "This community outreach program demonstrates U.S. Bank's commitment to Denver on the issues of financial education, homeownership and job opportunities. U.S. Bank is using the latest in technology to go out to our neighborhoods, breaking down any barriers that would keep someone from coming to see them."

The Five Star Service Express is an actual city bus that has been converted into an Internet-ready, financial service center that will travel to a number of low-to-moderate income neighborhoods in Colorado. The Five Star Service Express will be in Denver at various locations on May 11, 12 and 13.

The Five Star Service Express will also visit Longmont on May 14, Colorado Springs on May 17 and 18, and Pueblo on May 19. A team of bankers, mortgage professionals and small business specialists will partner with representatives from neighborhood non-profit organizations to promote financial education and homeownership in an informal and relaxed atmosphere, welcoming conversations and questions about any financial dream or goal. There will be bilingual representatives who can communicate in the predominant language spoken in each neighborhood. U.S. Bank human resource professionals will also be available to discuss job opportunities.

"We hope to hear from individuals who want to own their first home, start or expand their family business, look for a career opportunity with our organization, or maybe even get their credit history back on track," said Mark Smith, president of U.S. Bank in Denver. "We will advise them, help them plan and can even get them started if they are ready to take that next step."

Mark Spates, director of Expanding Markets for Freddie Mac, said, "Misconceptions and misinformation about mortgages and home buying keep too many families from achieving the American Dream in this nation. The Five Star Service Express is unique because it brings bilingual homeownership information, banking and mortgage services to people where they live, work, pray or play. Freddie Mac is proud to join with U.S. Bank and to put more families on the road to successful homeownership."

The Community College Foundation developed the eBus concept as a way to bridge the growing digital divide across the country. Recognizing its potential for providing bilingual access to financial services, credit education, and affordable mortgages, Freddie Mac is launching these Internet-ready buses with select lenders, including U.S. Bank Home Mortgage.

David Springett, president of the Community College Foundation, said, "Most of us take for granted the use of computers in our day-to-day lives. But for many people caught in the digital divide, the economic, educational and social benefits of the digital world are not a reality. We are thrilled that our latest eBus will be used to assist with the dream of home ownership for families in the Denver area and southern Colorado and are excited to partner with Freddie Mac and U.S. Bank."

The Five Star Service Express has made its way from Minneapolis, stopping along the way in Madison; Milwaukee; St. Louis; Kansas City; Des Moines; Dubuque; the Quad Cities, Rockford, Ill.; Omaha and Lincoln, Neb.; and Council Bluffs, Iowa.

About Freddie Mac

Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders. By supplying lenders with the money to make mortgages and packaging the mortgages into marketable securities, Freddie Mac sustains a stable mortgage credit system and reduces the mortgage rates paid by homebuyers. Over the years, Freddie Mac has made home possible for one in six homebuyers in America and two million renters. More information on Freddie Mac can be found on the company's website located at www.freddiemac.com.

About The Community College Foundation

Since 1983 The Community College Foundation, a program-based 501(c) 3 based in Sacramento, California, has been dedicated to providing enhanced social, economic and education community opportunities. With a staff of more than 300 employees and programs across the United States, the foundation fosters creative relationships between business, education and government. The far-reaching scope of the foundation is evident through its widely diverse programs, which include technology training, life skills education for at-risk youth, employment development, foster youth and family services, environmental education and student internships. Learn more about the eBus and The Community College Foundation at www.communitycollege.org or by calling (916) 418-5100.

About U.S. Bank

U.S. Bancorp (NYSE:USB), with $198 billion in assets, is the 6th largest financial services 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 www.usbank.com.

CONTACT: U.S. Bank Media Relations
Amy Frantti, 612-303-0733


"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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