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U.S. Bank Oliver-Allen Technology Leasing Gives Medical Groups an Affordable Entry into Electronic Health Records

LARKSPUR, Calif.--(BUSINESS WIRE)--May 18, 2006--U.S. Bank Oliver-Allen Technology Leasing has expanded the services it provides the medical industry by introducing a new leasing program that eases the costs associated with acquiring electronic health records (EHRs) and makes the transition to EHRs a reality. Also known as electronic medical records or EMRs, the migration to electronic records is expected to result in significant savings and greater efficiency, but has been met with concern about the up-front costs.

Oliver-Allen Technology Leasing offers flexible EHR lease programs that minimize up-front project costs and allow practices to finance 100 percent of the costs associated with a typical EHR project. In addition to offering manageable monthly payments, leasing provides a cost-effective way to upgrade or replace equipment as needed, making it easy to keep technology current.

"The drive by many state and national healthcare organizations to encourage the adoption of EHR has many practices wondering how and when to take the plunge, and at what cost. Most of the research indicates that cost is one of the top, if not the number one barrier to adoption of EHR technology, which is why we believe that leasing will emerge as a leading method of financing EHR technology," said Chris Emge, senior vice president of U.S. Bank Oliver-Allen Technology Leasing.

Oliver-Allen Technology Leasing offers step payment and deferred payment options as well as lease terms to meet specific budgetary requirements. Oliver-Allen Technology Leasing professionals have in-depth knowledge of and experience in the healthcare information technology market, offering competitive rates, fair and flexible terms and conditions, strong customer references and superior account management. They also provide personalized assistance and a consultative approach to help group practices make the best financing decision for their healthcare information technology acquisitions.

"U.S. Bank has long been a partner to the medical industry, with lending and depository relationships, treasury management and equipment financing. The extension of technology leasing is yet another example of the company's commitment to physicians and medical group practices," Emge said.

Established in 1973 and based in Larkspur, Calif., U.S. Bank Oliver-Allen Technology Leasing is a leading provider of lease financing for computers and other types of information technology. For more information on Oliver-Allen Technology Leasing EHR lease programs, call 1-888-347-5327.

U.S. Bank Oliver-Allen Technology Leasing is part of U.S. Bank Equipment Finance, one of the largest bank-affiliated equipment finance companies in the nation. U.S. Bank Equipment Finance has been providing quality equipment finance solutions for 35 years. It's a major funding source for companies in virtually every industry sector nationwide. Visit U.S. Bank Equipment Finance on the web at www.usbank.com/leasing.

U.S. Bancorp (NYSE:USB), with assets of $210 billion, is the 6th largest financial holding company in the United States. The company operates 2,430 banking offices and 4,941 ATMs, 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 the parent company of U.S. Bank and its divisions, including U.S. Bank Equipment Finance. Visit U.S. Bancorp online at www.usbank.com.

Media Relations
Teri Charest, 612-303-0732
Oliver-Allen Technology Leasing
Elizabeth Parra, 415-925-4739


"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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