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U.S. Bank's Five Star Volunteer Award Program Donates $240,000 to Nonprofit Organizations in 2005

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 7, 2005--U.S. Bank is proud to recognize the second round recipients of the U.S. Bank Five Star Volunteer Award program, which honors employees for their exceptional volunteer service. On behalf of the recipients, the bank will contribute $114,000 in $1,000 awards to 114 organizations. U.S. Bank has donated a total of $240,000 through the Five Star Volunteer Award Program in 2005.

"The Five Star Volunteer Award program gives U.S. Bank the opportunity to honor the company's most exceptional volunteers," said Teresa Bonner, senior vice president and director of the U.S. Bancorp Foundation. "The bank is dedicated to recognizing our employees' commitment to their local communities."

The second round of U.S. Bank Five Star Volunteer Awards will be presented in 25 states and the District of Columbia. Nominations are being accepted for the first round of awards for 2006 and may be made by an employee or by a nonprofit organization. The deadline for the first round of 2006 nominations is April 15, 2006. Winners will be announced in June 2006. To request a nomination form, e-mail fivestarvolunteer@usbank.com.

U.S. Bancorp has a long-standing record of community leadership in the key areas of affordable housing, economic opportunity, arts and culture, education and community service. The company received the highest rating possible from the Office of the Comptroller of Currency in 2004 for its commitment to the Community Reinvestment Act (CRA), meeting the credit needs of all segments of the communities that U.S. Bancorp serves.

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 4,999 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 www.usbank.com.

CONTACT: U.S. Bank
Kristine Pasowicz, 612-303-0731

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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