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U.S. Bank Expands Rewards Card Portfolio With New Category of Business-to-Business 'Partner Cards'

MINNEAPOLIS--(BUSINESS WIRE)--May 9, 2005--U.S. Bank has taken the success that it has achieved in building card programs with partner organizations and introduced a new category of business-to-business, partner cards. This new program enables the partnering business to market itself and extend rewards to its business customers. The partner card program also represents a new way for U.S. Bank to reach small business customers on a new level.

The first partner card in the program is the Patterson Advantage Visa(R) Business Card, which went live on May 1. The Patterson Advantage Visa Business Card will be marketed to the 130,000 dental professionals that rely upon Patterson Dental for products and supplies. These businesses may earn points toward travel, merchandise and gift cards to some of America's most popular restaurants simply by using the Patterson Advantage Visa Business Card to pay for their purchases. Purchases made with the Patterson Advantage Visa Business Card for Patterson Dental products earn extra points. In addition, Patterson receives compensation for each card sold and on each dollar spent at Patterson by cardholders.

"This program allows the partnering business to build loyalty with their customers, while these customers gain premium rewards on the purchases most vital to their operations," said Lynn Heitman, senior vice president of Retail Payment Solutions at U.S. Bank. "Patterson is a terrific partner and we are grateful to them for being the first to venture into this exciting new line of rewards programs."

Patterson Dental Supply, Inc is a distributor of a virtually complete range of consumable dental products, clinical and laboratory equipment, and services to dentists, dental laboratories, and other healthcare providers throughout North America. Patterson Dental Supply has the largest direct sales force in the industry, totaling nearly 1300 sales reps serving the United States and Canada.

U.S. Bank is world leader in payment solutions. It is the world's second-largest issuer of Visa corporate and purchasing cards for corporations as well as federal, state and local governments. U.S. Bank provides credit, debit, and prepaid cards to consumers and small business customers, correspondent financial institutions, affinity organizations and co-brand partners. It is the sixth-largest credit and debit card issuer in the United States, a top five issuer of small business cards in the world and the leading provider of Visa prepaid cards.

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, Minneapolis
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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