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U.S. Bank Names Lisa Glover Director of Community Development and Fair Lending

MINNEAPOLIS--(BUSINESS WIRE)--June 20, 2006--U.S. Bank has named Lisa Glover to the position of director of community development and fair lending, in which she will lead community development and Community Reinvestment Act (CRA) activities across the company's 24-state footprint. Glover is a 20-year veteran of U.S. Bank and will lead a team of 33 community development officers from U.S. Bank's offices in Milwaukee.

"U.S. Bancorp has a long and distinguished history of leading and engaging in activities that stimulate growth and goodwill in the communities we serve," said Richard Davis, president and chief operating officer of U.S. Bancorp, parent company of U.S. Bank. "Lisa has demonstrated great leadership directing our CRA and fair lending efforts in the past, and we have great confidence in her dedication and ability to carry out that legacy in the future."

Glover joined the bank in Des Moines, Iowa in 1986 and held a variety of positions before being named the community development outreach officer for the Des Moines market in 1992. In 1994, she joined the corporate compliance group in Milwaukee and was charged with the development and implementation of a corporate-wide fair lending program. In 1996, CRA program management was added to her duties and she managed the community development risk management department, overseeing community development and fair lending compliance across the corporation. She most recently served as interim director of community development.

Glover is a graduate of Iowa State University, with a degree in finance, and has recently pursued her teaching certification in the area of adaptive education. She is a member of the Consumer Bankers Association Fair Lending Committee, is an instructor in the areas of CRA and fair lending for the Wisconsin Bankers Association, and has been an active tutor for students with special needs.

Glover lives in Waukesha, Wis. with her husband and two sons.

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. Visit U.S. Bancorp on the web at www.usbank.com.


Steve Dale, 612-303-0784
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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