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Independent Bankers Bank Selects NOVA as Merchant Processing Partner

NOVA to Service 5,800 Merchants for 162 IBB Member Banks

ATLANTA--(BUSINESS WIRE)--Jan. 10, 2007--NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp (NYSE:USB), announced that it has entered into an alliance marketing agreement with Independent Bankers Bank (IBB). NOVA will provide processing services, customer service and support operations to more than 5,800 merchants of IBB's member bank network. Merchant services will be marketed through 162 referral and correspondent banks throughout Florida, Georgia and Alabama. The credit and debit card processing volume from this agreement is expected to exceed $600 million annually. The conversion of existing merchants is expected to be completed by June 1, 2007.

"We selected NOVA as a processing partner based on their reputation for excellence and their commitment to outstanding customer service," said Jim McKillop, president and CEO, IBB. "NOVA's track record in successful partnerships with leading financial institutions will enhance our bank members' ability to provide expanded processing services to merchants at a very competitive price and allow our member banks to grow market share."

"NOVA continues to prove the value of its powerful alliance referral model and we are pleased that IBB has put their trust in us," said Stuart C. Harvey, Jr., president, NOVA. "We are confident that IBB merchants will find our product portfolio rich with solutions to help their businesses."

About Independent Bankers Bank

Independent Bankers Bank (IBB) is a state chartered Federal Reserve Member Bank organized to provide financial services to Community Banks. Chartered since 1983, we provide Credit, Investment, Payment and Audit/Consulting services to over 310 community financial institutions throughout Florida, Georgia and Alabama. IBB is committed to providing correspondent services that keep community banks strong and competitive in today's market. For more information please visit www.ibbfla.com.

About NOVA

NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp (NYSE:USB). Combined, NOVA and its affiliates First Horizon Merchant Services, euroConex and Elan provide global merchant processing services to financial institutions and clients in the United States, Canada, and Europe. NOVA offers integrated payment processing services to more than 1,000,000 merchants worldwide. For more information, visit www.novainfo.com.

CONTACT: NOVA Information Systems
Michelle Graff, 678-731-5064
michelle.graff@novainfo.com

SOURCE: NOVA Information Systems

"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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