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U.S. Bank Enters New Partnership with the California Community Colleges Commission on Athletics

MINNEAPOLIS & SACRAMENTO, Calif.--(BUSINESS WIRE)--June 2, 2005--U.S. Bank has entered an agreement with the California Community Colleges Commission on Athletics (COA) to become the official financial services company of the COA and presenting sponsor of COA state championships. The agreement is indicative of U.S. Bank's growth in California and commitment to reach out into the community through sponsorship and corporate support.

The California Community Colleges comprises 109 college campuses and nearly three million students. This banking program was established to meet the basic service needs of the campus community members and will be phased-in starting with 25 colleges in the fall of 2005. Students, faculty and staff are immediately eligible for the entire range of banking services offered by U.S. Bank. Each campus selected will be within a short commute of a U.S. Bank branch and ATMs.

"Our commitment to U.S. Bank is absolutely unlimited as we launch the partnership," said Stu Van Horn, associate state commissioner of the COA. "COA board presidents will be involved with colleges in their conference that are part of each phase to ensure institutional support for the partnering program."

"U.S. Bank is recognized as the leader in campus banking programs and we are excited to reach out to the member community colleges to bring our best in-class products and services to each campus," said Jim Marshall, senior vice president and head of the U.S. Bank Campusbanking Program. "The COA is a natural fit for us because we share their commitment to improving the lives of students by supporting their academic and athletic pursuits in COA communities where the U.S. Bank is also located."

There are more than 300 U.S. Bank branches throughout California, a number that continues to increase, with business centers in San Diego, Orange County, Los Angeles, Sacramento, San Francisco and numerous communities throughout the state. U.S. Bank recently moved its southern California regional headquarters to Los Angeles as its logo was added to the skyline atop the former Library Tower, now U.S. Bank Tower, the tallest building west of the Mississippi.

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.

Teri Charest, 612-303-0732
David Eadie, 916-444-1699


"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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