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U.S. Bank Promotes Tom Pritchard to President of Dealer Commercial Services

SACRAMENTO, Calif., Jun 22, 2006 (BUSINESS WIRE) -- U.S. Bank has named Tom Pritchard president of U.S. Bank Dealer Commercial Services, a group within U.S. Bank that primarily serves the commercial banking and financing needs of franchised auto, marine and recreational vehicle dealerships, with a primary focus on flooring financing.

Pritchard is a 26-year veteran of banking, primarily in dealer finance, and has been with U.S. Bank since 1999. Most recently, he was national market manager for dealer commercial services, a position he held for two years. In his new role, he will lead the growth and expansion of the company's dealer portfolio across the United States.

"U.S. Bank has served the needs of dealers for more than 40 years as a value added provider of financial services. Tom has been instrumental in maintaining U.S. Bank's competitive advantage in providing comprehensive banking services to dealers as we have grown this important segment. We are confident in his leadership to continue that momentum in the months and years to come," said Joseph Otting, vice chairman and head of commercial banking for U.S. Bank, to whom Pritchard will report.

Pritchard is based in Sacramento and lives in Shingle Springs, Calif. with his wife, Julie, and their family.

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.

SOURCE: U.S. Bank

U.S. Bank
Media Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com

"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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