Davis added, “John and Kent are seasoned and highly respected U.S. Bank leaders with a demonstrated track record of helping us build the fifth largest bank in the nation. We are also excited to welcome back Jim to U.S. Bank. His legal and regulatory counsel will be invaluable during these rapidly evolving times. I look forward to serving with all three new members of our managing committee.”

U.S. Bancorp (NYSE: USB), with $352 billion in assets as of Sept. 30, 2012, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,086 banking offices in 25 states and 5,080 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 and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.

Copyright Business Wire 2010

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