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U.S. Bank Opens Atlanta Commercial Real Estate Office

ATLANTA--(BUSINESS WIRE)--Aug. 23, 2006--U.S. Bank has opened its newest commercial real estate loan office at 500 Northpark Town Center on 1100 Abernathy Road in Atlanta, Georgia. The office is a part of U.S. Bank's East/Southeast commercial real estate region, which encompasses offices in Washington, DC, Louisville, Kentucky, Nashville, Tennessee, Philadelphia, Pennsylvania and Boston, Massachusetts.

It is managed by Rick Anthony, senior vice president and Atlanta market manager. Anthony will be responsible for growing both staffing and production in what is slated to be one of the largest commercial real estate offices for U.S. Bank. Also on board are Randy Rinderknecht, Lori Litow and James Miller, as relationship managers. The office will focus on providing construction, acquisition, renovation, mezzanine and permanent financing to commercial real estate developers and investors based in Georgia and surrounding areas for their portfolios nationwide. U.S. Bank's commercial real estate team will also provide deposit services, treasury management and capital market products.

Anthony comes from Wachovia Bank, and its former SouthTrust Bank, where he worked for most of his 29 year career in various roles, most recently as a head of specialty commercial real estate production. Anthony brings to the table a broad level of experience in all commercial real estate property types. He is a graduate of both Auburn University's School of Business with a degree in finance and the Center for Creative Leadership in Greensboro, North Carolina. Additionally, he has served on industry boards and panels for the National Investment Center, Johns Hopkins University and the Mortgage Bankers Association and is a published author for the RMA Journal. He is active in the community and currently resides in Alpharetta with his wife Linda. They have four children, all of whom live in the Atlanta metro area.

Rinderknecht, Litow and Miller all come from SouthTrust.

U.S. Bancorp (NYSE:USB), with assets of $213 billion, is the sixth-largest financial holding company in the United States. The company operates 2,434 banking offices and 4,966 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

Lisa H. Clark, 608-877-7517


"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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