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U.S. Bank Commercial Real Estate Opens Office in Dallas

DALLAS--(BUSINESS WIRE)--June 16, 2005--U.S. Bank Commercial Real Estate opened a new office in Dallas recently. Located at 14241 Dallas Parkway, the office is managed by Stewart Wilson, senior vice president and Texas market manager for U.S. Bank Commercial Real Estate. Eight employees, including loan administration and syndications, work at the Dallas Parkway location.

"The new U.S. Bank Commercial Real Estate Texas office not only focuses on the Dallas market, but other major Texas markets including Houston, San Antonio and Austin," said Wilson.

"U.S. Bank Commercial Real Estate has been active in the Dallas market over the last several years with a number of Dallas-based clients. Having a full-service commercial real estate team located in Texas will allow us to better service those clients and to expand our business with other Texas-based high quality developers and investors."

The opening of the Texas location gives U.S. Bank Commercial Real Estate 26 offices in the United States. U.S. Bank Commercial Real Estate is the fourth largest commercial real estate lender in the United States. The U.S. Bank Commercial Real Estate team focuses on providing construction, acquisition, renovation, mezzanine and permanent financing to commercial real estate developers and investors nationwide. It also provides deposit services, treasury management and capital market products.

U.S. Bancorp (NYSE:USB), with assets of $198 billion, is the 6th largest financial holding company in the United States. The company operates 2,377 banking offices and 4,654 ATMs, 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 which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

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

SOURCE: U.S. Bank

"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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