U.S. Bancorp Women Named Top Banking Team in the Nation for Third Year in a Row

U.S. Bancorp (NYSE: USB) has been ranked number one in the nation for the third consecutive year as the "Top Banking Team” by U.S. Banker magazine as part of its annual ranking of The 25 Most Powerful Women in Banking, published in the October issue (www.us-banker.com). U.S. Banker, a SourceMedia publication, also selected three U.S. Bancorp women for individual recognition in "The 25 Most Powerful Women in Banking” and "Women to Watch” categories.

The team ranking is based on the company’s overall financial performance, percentage of women corporate officers and management committee members, number of senior women executives, financial performance of women-led business units and feedback from analysts on women leading high-growth business units.

Pam Joseph, vice chairman of payment services, and Diane Thormodsgard, vice chairman of wealth management and securities services, were both named among the most powerful women in banking. Joseph ranked fourth and Thormodsgard ranked fourteenth. Leslie Godridge, executive vice president and head of national corporate and institutional banking, ranked eighth in the "Women to Watch” category.

"The outstanding performance of women-led businesses is commendable given that it has occurred against an industry backdrop of unprecedented challenge, change and opportunity,” said Holly Sraeel, editorial director of U.S. Banker.

The magazine also notes that U.S. Bancorp’s strong performance in today’s difficult economic environment has been "buffered, clearly, by the performances of the bank's highest-ranking women.”

"The high caliber of talent and hard work this senior team demonstrates is evident to all of us here at U.S. Bancorp who work beside them every day,” said Richard Davis, chairman, president and chief executive officer at U.S. Bancorp. "Their efforts and contributions are a significant part of what make this such an outstanding company. I am proud to call them colleagues, and on behalf of all of us at U.S. Bancorp, we congratulate them for receiving this honor for an unprecedented third year in a row.”

A state-by-state list of the 44 U.S. Bancorp women who were recognized with the team award follows:

U.S. Bancorp, with $247 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States as of June 30, 2008. The company operates 2,542 banking offices and 4,895 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.