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U.S. Bank to Provide Financial Information and Service Through Mexican Consulate in St. Paul

ST. PAUL, Minn.--(BUSINESS WIRE)--Sept. 12, 2005--U.S. Bank and the Mexican consulate office in St. Paul will sign an agreement on Tuesday, Sept. 13 by which U.S. Bank will provide financial information, education and services to Mexican individuals and businesses through the consulate office. The agreement will be signed at 4 p.m. at the consulate office located at 797 East 7th Street in St. Paul.

Nathan Wolf, Consul of Mexico in St. Paul, and Alice Perez, Hispanic market manager for U.S. Bank, will sign the agreement. U.S. Bank has partnered with Mexican consulate offices across the United States to reach out Mexican nationals who seek financial information or service. The consulate office out of Chicago made several trips to the Twin Cities in recent years until the permanent St. Paul office opened in June 2005.

Through the agreement, U.S. Bank will host quarterly financial education workshops on-site covering topics ranging from the basics of banking to investments and home ownership. Each week, bilingual bankers from U.S. Bank will staff tables at the consulate to offer information to individuals who visit the consulate offices. There will also be a permanent display of information on products and services offered by U.S. Bank.

"We are honored to partner with Consul Wolf and the consulate office in St. Paul to offer individuals and businesses answers to the questions they may have or advice on financial matters in a way that is convenient and comfortable for them," said Perez. "U.S. Bank has long been a financial partner in the Hispanic community and we are delighted to further extend that partnership through this new agreement."

U.S. Bank is an innovator in serving the Hispanic community. It was one of the first financial institutions in the United States to accept the Matricula Consular as a form of identification when opening a bank account. The Matricula is the official identification issued by the Mexican government through its consulate offices. U.S. Bank is also the official partner of the United States Hispanic Chamber of Commerce in a small business loan program called Capital! It is also the largest bank to offer MoneyGram money transfer service through U.S. Bank branches. In August 2005, U.S. Bank was named by LATINA Style Magazine as one of the top 50 places in the United States for Latinas to work.

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.

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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