Timothy Leach Named Chief Investment Officer of the U.S. Bank Wealth Management Group

Business Wire, April 23, 2008

MINNEAPOLIS -- Timothy Leach has been named chief investment officer (CIO) of the U.S. Bank Wealth Management Group. He reports directly to Mark Jordahl, president of the U.S. Bank Wealth Management Group.

"Tim brings more than 30 years of investment and wealth management expertise and experience to U.S. Bank," said Jordahl. "Over the past several years, U.S. Bank Wealth Management has significantly expanded its investment management capabilities. Under Tim's leadership, we will continue to enhance our investment products and services to serve the growing needs of our clients."

As CIO, Leach is responsible for building and growing the group's investment management business, overseeing its investment strategy and policies, and serving as a spokesperson for its investment management capabilities. He works at U.S. Bank's corporate headquarters in downtown Minneapolis.

Previously, Leach has held senior investment management positions at Qualivest Capital Management (formerly the investment management arm of one of U.S. Bancorp's predecessor companies), ABN Amro Asset Management, Wells Fargo Private Client Services and U.S. Trust Company.

Leach earned a Bachelor of Science degree from the University of California, Davis and a Master of Business Administration from the University of California, Berkeley. Leach is married and the father of three children.

The Wealth Management Group of U.S. Bancorp is comprised of the company's personal trust, private banking, and private asset management businesses, as well as the company's broker/dealer subsidiary, U.S. Bancorp Investments and Insurance, LLC.

U.S. Bancorp (NYSE: USB), with $242 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,522 banking offices and 4,844 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, and trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Note to Editors: A digital photo of Timothy Leach is available. Contact Amy Frantti, amy.frantti@usbank.com.