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U.S. Bank and the Pennsylvania Masons Partner to Offer New Credit Card to Support the Organization

MINNEAPOLIS & PHILADELPHIA--(BUSINESS WIRE)--Nov. 9, 2006--The Grand Lodge of Free and Accepted Masons of Pennsylvania and U.S. Bank have partnered to offer the Pennsylvania Masons Visa(R) Platinum credit card, an affinity and rewards card to support the mission of the organization. Every new card activation and subsequent purchases will generate donations to the Masonic Charities.

The new Visa card features one of four pictures - one depicting an eagle and the American flag, another with a picture of the Masonic Temple in Philadelphia, a third with famous Masons and a fourth dedicated to youth. The 125,000 members will have access to three credit card products from U.S. Bank including a card that earns reward points that can be redeemed for gift certificates, merchandise and travel rewards, and another that provides cash back on purchases. Every Pennsylvania Mason has been encouraged to apply for and use this new Visa card so they can be Masons Helping Masons.

"We are pleased to support the Pennsylvania Masons with this card that helps fellow members embrace their traditions and heritage. We are confident that this card program will be rewarding to their organization as well as their members," said Lynn Heitman, senior vice president of U.S. Bank Retail Payment Solutions.

U.S. Bancorp (NYSE:USB), with assets of $217 billion, is the 6th largest financial holding company in the United States. The company operates 2,462 banking offices and 4,943 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.

CONTACT: U.S. Bank
Teri Charest, 612-303-0732
OR
Pennsylvania Masons
John Marsh, 717-367-1121 x33213

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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