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U.S. Bank Names Greater Los Angeles Market President

LOS ANGELES--(BUSINESS WIRE)--Aug. 9, 2005--Edward Kim has been named market president for U.S. Bank in greater Los Angeles, reporting to Greg Seibly, president of U.S. Bank in California. The move represents continued growth of U.S. Bank in California, in which it now has market presidents overseeing the San Francisco Bay Area, Orange County/Inland Empire, San Diego and now greater Los Angeles.

Kim, 45, has spent his entire 23-year banking career in the greater Los Angeles area. He has been with U.S. Bank as a commercial banker since 2000. In his new role, Kim will be responsible for operations in the greater Los Angeles area and leadership of the Los Angeles commercial banking teams. He will lead market-wide initiatives and projects that impact all lines of business at U.S. Bank and its parent company, U.S. Bancorp. He will also lead the U.S. Bank local market board in the Los Angeles area.

"Eddie is a well known and respected member of the Los Angeles business community, and we are grateful to him for taking on this new role as we grow exponentially in California, particularly in Los Angeles," said Seibly. "Our team is well positioned to win business in this market and deliver our brand of Five Star Service to everyone who chooses U.S. Bank."

Kim is a graduate of UCLA with bachelor's degree in economics. He is a member of the Los Angeles Rotary and the board of the Koreatown Youth and Community Center. He and his wife, Susan, live in Torrance, Calif. and have five children.

Kim is based at U.S. Bank Tower, 633 West Fifth Street in downtown Los Angeles.

U.S. Bancorp (NYSE:USB), with $204 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,383 banking offices and 4,877 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.

CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com

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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