U.S. Bank to Teach Children How to Be Savers for Life

Business Wire, April 29, 2008

MINNEAPOLIS -- Hundreds of U.S. Bank employees will meet with students in their local markets to teach them how to be savers for life during the 12th annual Teach Children to Save program on Tuesday, April 29. This event is sponsored by the American Bankers Association (ABA) Education Foundation.

"U.S. Bank has been a strong supporter of Teach Children To Save," said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp, the parent company of U.S. Bank. "This is a great opportunity for students to participate in fun savings lessons which will help them learn why saving money plays an important part of a person's quality of life."

In participation with the ABA Education Foundation's Teach Children to Save program, thousands of bankers across the country make presentations in schools to students in kindergarten through 12th grade. During Teach Children To Save 2007, more than 10,000 bankers, including U.S. Bank employee volunteers, gave almost 400,000 students basic saving and money management lessons. These efforts help students learn not only why it's important to save money, but how to make it a part of their everyday life.

"Bankers and financial education are a perfect fit," said Laura Fisher, director of the ABA Education Foundation. "Students appreciate financial lessons from bankers, as they would appreciate music lessons from a musician. The ABA Education Foundation applauds U.S. Bancorp's commitment to build a generation of financially literate consumers."

U.S. Bank employee volunteers will teach children how to be savers for life. Topics that will be covered include the difference between needs and wants, budgeting, why it's important to save for emergencies, how to create and reach savings goals and how interest makes money grow. Students will have an opportunity to apply concepts and practices through games and other interactive, fun activities appropriate for their grade level.

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, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.