U.S. Bank Pledges Its Support for Employees Who Serve in the Military

MINNEAPOLIS--(Business Wire)--
U.S. Bank is pledging its support for its military employees through its
participation in the Employer Support of the Guard and Reserve (ESGR) Statement
of Support Program. The ESGR, a Department of Defense organization, has created
this program to inform and educate employers about their rights and
responsibilities toward employees who serve in the National Guard and Reserve,
and to recognize and reward employers who go beyond the requirements of the law.

Richard Davis, chairman, president and chief executive officer for U.S. Bank`s
parent company, U.S. Bancorp (NYSE:USB), will sign the ESGR statement on Friday,
November 13, in the lobby of U.S. Bank`s headquarters building, where he will be
joined by Twin Cities-area employees who are past and current members of the
military. Representatives from the ESGR will be in attendance as well, including
its national chairman, James Rebholz, Minnesota state chair Paul Monteen and
Minnesota executive director Jim Sullivan.

By signing the ESGR Statement of Support, U.S. Bank is demonstrating its
commitment to employees who serve in the armed forces. The statement is a pledge
that the company recognizes and enforces the Uniformed Services Employment and
Re-Employment Rights Act, that U.S. Bank managers and supervisors will have the
tools they need to effectively manage employees who serve in the Guard and
Reserve, and that it will support service members and their families in peace,
in crises and in war.

"We truly appreciate the sacrifices made by the hundreds of U.S. Bank employees
across the nation who serve our country in the armed forces, and as an employer,
it`s important that we clearly articulate our commitment to those employees and
their families," said Davis. "Signing the ESGR Statement of Support is one way
we can do that, while also showing our respect and gratitude for all they do to
protect our freedoms."

"Today, supportive employers are critical to maintaining the strength and
readiness of the nation's National Guard and Reserve units. I am asking all of
America's employers to review and amend their current human resources policies
to ensure compliance with the Uniformed Services Employment and Reemployment
Rights Act (USERRA)," said Rebholz. "Many employers provide 'Above and Beyond'
support with pay differential to offset the loss of wages, and extension of
health care benefits, which complement coverage provided by the military, when
their employees are mobilized."

In addition to the signing of the ESGR Statement of Support, U.S. Bank has many
recognition events planned to honor its military employees in their local
markets during the week of Veteran`s Day, and it also provides numerous
recognition programs and benefits throughout the year for its employees who have
served and currently serve in the armed forces.

For example, Rick Hartnack, U.S. Bancorp`s vice chairman for consumer banking,
recently led a group of five U.S. Bank employees who participated in a "Boss
Lift" program, also sponsored by ESGR, to Camp Ripley in Minnesota, where they
spent the day seeing firsthand what it is like to be a member of the National
Guard and Reserve.

U.S. Bank also offers a special checking account program for customers who are
veterans or current members of the military.

U.S. Bancorp, with $265 billion in assets, is the parent company of U.S. Bank,
the 6th largest commercial bank in the United States. The company operates 2,851
banking offices and 5,175 ATMs in 24 states, and provides a comprehensive line
of banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at usbank.com.

U.S. Bank Media Relations
Jennifer Wendt, 612-303-0731
jennifer.wendt@usbank.com
or
ESGR Public Affairs
Tom Bullock, 800-336-4590, ext. 537
tom.bullock@osd.mil

Copyright Business Wire 2009