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U.S. Bank to Open One Dozen Full-Service Offices Inside St. Louis Area Schnucks Stores in November

ST. LOUIS, Mo.--(BUSINESS WIRE)--Nov. 7, 2005--U.S. Bank will unveil 11, seven-day-a-week, full-service offices inside St. Louis Metro area Schnucks Marketplaces on Monday, November 7. This kicks off a weeklong celebration featuring Schnucks gift cards for each new U.S. Bank account opened and a drawing for a chance to win a cash prize of $10,000. The twelfth St. Louis area U.S. Bank will open in the new Schnucks Marketplace Bridgeton, at the Grand Opening slated for 9 a.m. on November 15.

Following the successful opening of the first U.S. Bank in-store site at the Schnucks Marketplace Eureka in late August, the bank also announced the next installations will be at City Plaza, Kirkwood and Mason in St. Louis, as well as in Arnold, Cahokia, Chesterfield, Cottleville, Florissant, Lake Saint Louis, Saint Charles and St. Peters (see details below). U.S. Bank will also open in the Schnucks Marketplace in Bettendorf, Iowa on November 7.

Joe Imbs, U.S. Bank St. Louis market president, said that U.S. Bank is placing 26 new offices and 41 full-service U.S. Bank ATMs in other Schnuck Markets to give all 66 stores in the St. Louis Metro area one convenient and customer service focused financial services partner. All sites will include a full-service ATM for added customer convenience. "U.S. Bank is a dominant player in St. Louis and will only continue to grow," said Imbs, who noted that St. Louis would soon have 110 full-service branches as well as approximately 300 ATMs in St. Louis Metro area.

"We are always looking for ways to give our customers added value and convenience," commented Todd Schnuck, chief financial officer of Schnuck Markets, Inc. "U.S. Bank is a strong partner and, like Schnucks, the company has an outstanding record of commitment to quality customer service. Our customers find that they can count on more efficient and fun grocery shopping trips when we make it easy for them to shop and bank all in one service-oriented location."

Mike Burke, senior vice president of U.S. Bank's central in-store group, said, "Research shows that consumers bank 2.4 times per week and grocery shop 2.6 times per week, so our partnership with Schnucks is a great way to enable customers to bank where they shop and shop where they bank."

Burke added that customers who take advantage of U.S. Bank products and services can also take comfort in knowing that U.S. Bank is home of the exclusive Five Star Service Guarantee, meaning business will be efficient and accurate on every transaction or the bank will pay that customer $5.

The hours of the new U.S. Bank office inside Schnucks are Monday through Friday from 10:00 a.m. to 7:00 p.m., Saturday from 10:00 a.m. to 4:00 p.m. and Sunday from 11:00 a.m. until 3:00 p.m. Customers also have access to services 24-hours a day through ATM, telephone or Internet banking.

Burke says, during the grand opening celebration, each new U.S. Bank Schnuck in-store location will have a drawing, with the winner qualifying for a chance to play a guess-it game of "paper or plastic" with a chance to ultimately gain $10,000. "Scratch and Win" cards will be given to the first 2,000 shoppers, and customers who open new U.S. Bank accounts also will receive a Schnucks gift card valued up to $50.

U.S. Bancorp (NYSE:USB), with $207 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,411 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. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

Founded in St. Louis in 1939, Schnuck Markets, Inc. currently operates 103 stores (including five Logli stores) and 99 pharmacies in Missouri, Illinois, Indiana, Wisconsin, Tennessee, Mississippi and Iowa. The family-owned company ranks 94th in the Forbes magazine listing of the nation's "Largest Private Companies."


           U.S. Bank Schnuck store openings on November 7
                   in the St. Louis Metro Area:

Arnold
Richardson Road Schnucks at 3900 Vogel Road in Arnold

Cahokia
Cahokia Schnucks at 1615 Camp Jackson Road in Cahokia

Chesterfield
Woods Mill Schnucks at 1060 Woods Mill Plaza in Chesterfield

Cottleville
Cottleville Schnucks at 6083 Mid Rivers Mall Drive in Cottleville

Florissant
Cross Keys Schnucks at 13987 New Halls Ferry Road in Florissant

Lake Saint. Louis
Lake Saint Louis Schnucks at 101 Civic Center Drive in Lake Saint
Louis

St. Louis
City Plaza Schnucks at 3431 Union Blvd in St. Louis
Kirkwood Schnucks at 10233 Manchester Rd in St. Louis
Mason Schnucks at 12756 Olive Boulevard in St. Louis

Saint Charles
Zumbehl Schnucks at 1950 Zumbehl Road in St. Charles

Saint Peters
Mid Rivers Schnucks at 577 Mid Rivers Mall Drive in St. Peters

CONTACT: U.S. Bank
Lisa Clark, Media Relations, 608-877-7517

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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