U.S. Bank Launches New Low-Rate, Quick Loan for Customers Needing Assistance During Federal Government Shutdown

MINNEAPOLIS–(BUSINESS WIRE)–U.S. Bank today announced a new low-rate, quick loan product designed to
help customers who are federal employees needing special assistance
during the U.S. government shutdown.

Beginning Jan. 11, qualified federal government employees can apply for
a $100-$6,000 low-rate, quick loan. It is available to customers with
any U.S. Bank product, including mortgage and auto loans or U.S. Bank
credit cards.

“U.S. Bank is committed to doing the right thing for our customers,”
said Andy Cecere, chairman, president and CEO of U.S. Bank. “We
understand the financial pressure that many of our customers who serve
our nation are now facing and we’re here to help.”

Customers are encouraged to contact our designated federal government
shutdown line at 877.760.6046 to speak with a customer service
representative about this product and other customer assistance programs
that may be available, including mortgage relief options.

About U.S. Bank

U.S. Bancorp (NYSE: USB), with 74,000 employees and $465 billion in
assets as of September 30, 2018, is the parent company of U.S. Bank, the
fifth-largest commercial bank in the United States. The
Minneapolis-based bank blends its relationship teams, branches and ATM
network with mobile and online tools that allow customers to bank how,
when and where they prefer. U.S. Bank is committed to serving its
millions of retail, business, wealth management, payment, commercial and
corporate, and investment services customers across the country and
around the world as a trusted financial partner, a commitment recognized
by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical
Company. Visit U.S. Bank at www.usbank.com
or follow on social media to stay up to date with company news.

As of January 11, 2019, the Annual Percentage Rate (APR) is 0.01%. Loans
from $100 to $6,000. 12-month term. Payment example: for a $2,500 loan,
12-month term with a 0.01% APR, the payment would be $208.33. Product is
only available to employees of the federal government needing special
assistance during the U.S. government shutdown. Contractors or employees
of companies that support the federal government are not eligible. Loan
approval is subject to credit approval and program guidelines. Interest
rates and program terms are subject to change without notice.
Installment loans are offered by U.S. Bank National Association, Member
FDIC.

Contacts

Cheryl Leamon, U.S. Bank Public Affairs & Communications
Cheryl.leamon@usbank.com
| 312.931.5700

Jen Thompson, U.S. Bank Investor Relations
Jen.thompson@usbank.com
| 612.303.0778