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U.S. Bank Sets New SBA Lending Record for Fiscal Year 2005

MINNEAPOLIS, Nov 01, 2005 (BUSINESS WIRE) -- U.S. Bank, one of America's leading Small Business Administration (SBA) lenders, set new lending records for fiscal year 2005, based on both total loans as well as for SBA loan dollar volume.

Through its SBA Division, U.S. Bank provided a record 3,398 SBA guaranteed loans to small businesses nationwide, a 55 percent increase over fiscal year 2004. In terms of loan dollar volume, U.S. Bank provided $482,607,173 in loans, an eight percent increase over the previous year, according to SBA information. Both results are new U.S. Bank records.

For the fiscal year that ended on Sept. 30, U.S. Bank moved from fourth to second among SBA bank lenders, and to third overall among both bank and non-bank SBA lenders, according to the SBA.

"We attribute much of our record success this past year to the increasing number of U.S. Bank small business customers who have taken advantage of our easy-to-access SBAExpress loans that we worked so hard to market in 2005," said David Bartram, president of U.S. Bank's SBA Division. "Additionally, our Fees Paid program, whereby we pay the upfront SBA loan fees on real estate loans, was very attractive for many of our customers and that too gave our program a significant boost."

U.S. Bank ranks in the top five by loan dollar volume in 14 of the 21 SBA Districts where it operates. It ranks first in St. Louis, Kansas City, Nevada, Los Angeles and San Francisco, second in Colorado, Minnesota, Portland, Santa Ana, and Seattle/Spokane, and third in Utah.

U.S. Bank also ranks in the top five in number of loans in 17 of the 21 SBA Districts where it operates. It ranks first in St. Louis, Kansas City and Portland, second in Colorado, Columbus/Cincinnati, Minnesota, Seattle/Spokane, and third in Cleveland, Kentucky, Nebraska, Nevada and Wisconsin districts.

Additionally, U.S. Bank is again the leading SBA lender throughout California in loan dollar volume, providing SBA loans of $149,286,200 to 465 small businesses statewide.

Through SBA Division, U.S. Bank operates 25 specially designated SBA Business Centers nationwide. U.S. Bank is part of U.S. Bancorp (NYSE:USB). With $207 billion in assets, U.S. Bancorp is the 6th largest financial holding company in the United States. The company operates 2,396 banking offices and 4,986 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.

SOURCE: U.S. Bank

U.S. Bank
Teri Charest, 612-303-0732
teri.charest@usbank.com
or
U.S. Bank SBA Division
Brian Butler, 858-536-4545 x204

"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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