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Portland – February 2013

On Oct 10, 2012, current and former U.S. Bankers reunited for the annual luncheon in Portland.

AAbboouutt yyoouurr hhoosstt:: JJeeffff vvoonn GGiilllleerrnn U.S. Bank Experience: Jeff von Gillern is vice chairman, Technology and Operations Services, of U.S. Bancorp. Jeff, 47, has served in this position since July 2010. From April 2001, when he joined U.S. Bancorp, until July 2010, he served as executive vice president of U.S. Bancorp, additionally serving as chief information officer from July 2007 until July 2010. He is a 24-year financial services veteran.

Previous Experience: Prior to joining U.S. Bancorp, Jeff was the senior vice president of Processing Services at Visa International where he spent 12 years. Professional Affiliations: He serves on the boards of Viewpointe, one of the largest providers of check image exchange and archive services in the United States, and Syncada, a joint venture between Visa and U.S. Bank that provides an online global payment network. He also serves on the Minneapolis Children’s Theatre Company’s Board of Governors. Education: Jeff has a Bachelor of Science in Business from the University of Arizona. .

Oregon At-A-Glance

Market Share of Deposits

17.1%

Consumer Customers 844,935

Employees 4,862

Branded ATMS 364 Branches 194

(As of 10/31/2012)

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MMaalliiaa WWaassssoonn U.S. Bancorp Experience: Malia Wasson is president of U.S. Bank in Oregon and Southwest Washington and is the senior executive for the bank in Oregon. She also leads the local Advisory Board in Portland. Malia is a lifelong Oregonian and a veteran of banking since 1981. She joined U.S. Bank in 1989. Malia is a member of the Arlington Club and Waverley Country Club. She and her husband, Steve, reside in Lake Oswego, Ore., and are the parents of three children. Involved in civic and professional organizations, she currently serves as a member of the board of directors for these organizations:

Oregon Business Council, Chair OHSU Foundation and OHSU Knight

Cancer Institute Portland Business Alliance Oregon Business Plan, Public

Finance Task Force Chair Greater Portland, Inc.

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SOLV Founders’ Circle Self Enhancement, Inc. Portland Mall Management, Inc.,

Treasurer American Leadership Forum, Senior

Fellow American Red Cross – Oregon Trail

Chapter, Board of Advisors Past civic and board involvements include:

Oregon Growth Account Board U.S. Bank’s United Way Campaign

Chair Volunteers of America – Oregon,

Board Chair Oregon Sports Authority Oregon Independent College

Foundation Association for Portland Progress Portland State University’s Business

Advisory Board Junior Achievement

Previous Experience: She was executive vice president and manager of the Oregon Commercial Banking group. Prior to joining U.S. Bank, she held various commercial lending positions at the former Oregon Bank and Security Pacific Bank of Oregon, beginning in 1981. Education: Malia earned a Bachelor of Science and Commerce degree in Finance from Santa Clara University in California.

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View the Portland newsletters online at

http://www.usbankhr.com/hr/docs/alumni Portland12.pdf.

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United Way Each year, U.S. Bank supports the United Way through an annual campaign, collecting funds to support these efforts. If you would like to get involved, either through financial contributions or volunteering in your community, we would appreciate your support. Visit www.liveunited.org to sign up for updates from United Way or learn more about United Way efforts in your community. To make a donation, or if you have questions, contact the U.S. Bancorp Foundation at usbankunitedway@usbank.com or 612-303-4000. Volunteer with US Please check www.usbank.com/alumni for upcoming 2013 volunteer opportunities.

FFiinndd UUSS oonn ssoocciiaall mmeeddiiaa Visit U.S. Bank online at usbank.com or Facebook, Twitter and YouTube for more U.S. Bank news and updates.

Facebook Visit www.facebook.com/usbank for helpful banking and security tips, contests, promotions and more. Like US on Facebook, and share U.S. Bank news with your friends. Be sure to check out our new Facebook Timeline by clicking on the various timeline years listed on the right. See some old-school banking photos and learn a bit more about us.

Twitter U.S. Bank tweets with customers to provide support and gather constructive feedback to provide even better service on twitter.com/askusbank. We also share great U.S. Bank news, such as participation in community events.

YouTube U.S. Bank selects videos for its own YouTube channel to highlight presentations, commercials, company initiatives and more.

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SSaavvee tthhee DDaattee!! Alumni Luncheon Event of 2013 Thursday, Oct. 10, 2013 Oregon Convention Center Be our honorary guest as we celebrate 150 years in 2013! The social hour will start at 10 a.m., followed by lunch at 11 a.m. Visit the Alumni website for additional information.

MMoosstt PPoowweerrffuull WWoommeenn iinn BBaannkkiinngg American Banker magazine released its annual ranking of the Most Powerful Women in Banking for 2012 and, once again, U.S. Bancorp is well represented with Pam Joseph, Leslie Godridge and Lynn Heitman receiving individual honors. 25 Most Powerful Women in Banking: Pam Joseph (Payment Services) #5 Leslie Godridge (National Corporate Banking) #16 25 Women to Watch: Lynn Heitman (Retail Payment Solutions) #20

Two thumbs up for Richard Davis In an article on The Daily Finance called "This Is One Incredible CEO," Sean Williams shows the things Richard has done, but also the things he "hasn’t" done to lead U.S. Bancorp to exceptional results. Williams is known for pointing out CEO faux pas, but his readers asked for something positive: enter U.S. Bancorp Chairman, President and CEO Richard Davis, and our company. U.S. Bank donates $100,000 to Portland Public Schools’ Early Learners Academy The Early Learners Academy in northwest Portland offers educational programming for preschoolers in an area with limited options for families with young children. The donation comes at a time when the Portland Public School District, like others across the state, faces a significant gap between its operating budget and its ability to maintain current service levels.

UUSSBB DDiissccoouunntt PPrrooggrraamm Access special discounts and offers on local and national products and services through the discount program at usbankalumni.memberdiscounts.co. UUSSBB BBaannkkiinngg DDiissccoouunnttss For special offers on U.S. Bank products and services, visit the Banking Discount site at usbankhr.com/hr/employeePerk/evpIM.asp or visit your local branch. New! Purchase the U.S. Bank Visa Gift Card online, and we'll reduce the purchase fee from $6.95 to $2. Order online at http://www.usbankmyaccount.com and enter promotion code: ONLYEMP. Reminder: As Alumni, you can take advantage of our top-tier Platinum Package, which provides checking with expanded benefits, including the best rates, special rewards and exclusive discounts. The $25,000 compensating balance requirement is waived for Alumni. usbankhr.com/hr/employeePerk/evpIM.asp#platinum

U.S. Bank tops the charts Money magazine has named U.S. Bank the best national bank in America for our basic checking and savings, student checking and senior checking accounts. The "Best Banks in America" story is in the October 2012 issue of Money magazine. Money credited U.S. Bank’s broad retail banking network—fourth-largest in the country—combined with how easy it is for U.S. Bank customers to waive the monthly maintenance fee. U.S. Bank also topped Money’s charts for student and senior checking. Read the full press release on usbank.com.

Pam Joseph and WLA help African girls American Banker profiled Vice Chairman of Payments Pam Joseph for extending her passion for developing others beyond the reach of traditional mentoring programs. Under Pam's leadership, a group of Payments industry employees called WLA (Women Leaders in Action) have raised $400,000 to help schools in rural Africa and other philanthropic causes. Several of the women have traveled to Kenya and seen firsthand the impact of their efforts. Read the full story on American Banker's website.

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AAlluummnnii WWeebbssiittee Check out the U.S. Bank website for retirees and alumni, which features upcoming events, volunteer opportunities, exclusive discounts on U.S. Bank products and services and more. Visit www.usbank.com/alumni. If you would like to be added to the alumni mailing list or have alumnus questions, call 866-680-2586 or email alumni@usbank.com.

Alumni network recognized in Corporate Citizenship Report The 2011 Corporate Citizenship Report demonstrates that strong connections start with understanding the needs of our communities and deepening relationships in ways that help us grow. Key projects and initiatives that U.S. Bank has been involved in are highlighted in these annual reports. www.usbank.com/community/corp-citizen-report.html.

Barron’s list of 100 Most Respected Companies – we’re 35th! Each year, Barron’s surveys money managers about their views of the world’s largest companies. The latest results are in…and we ranked #35 on the list! To complete the survey, participants were asked to select one of four statements reflecting their view of each company: Highly Respect, Respect, Respect Somewhat, or Don't Respect. Point values were assigned to each response, with the highest accorded to Highly Respect. A mean score was also tabulated for each company. View the full article and the list of 100 Most Respected Companies.

U.S. Bancorp ranked a “Most Admired” company…again! Fortune Magazine released its 2012 "World’s Most Admired Companies" report, and we have much to celebrate! For the second year in a row, U.S. Bancorp was named the No. 1 most-admired superregional bank! We led the superregional bank category in five of the nine categories, including people management, use of corporate assets, quality of management, financial soundness and long-term investment.

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WWee’’vvee ssuurrppaasssseedd oouurr vveetteerraann hhiirriinngg ggooaall iinn 22001122 U.S. Bank now employs more than 2,300 veterans nationwide, and we are continuing our efforts to recruit veterans. "U.S. Bank is firmly committed to employing and supporting veterans, active-duty service members and their families," said Richard Davis, chairman, president and chief executive officer of U.S. Bancorp. Additionally, this is the second consecutive year that U.S. Bank has been recognized by G.I. Jobs as a Top 100 Military Friendly Employer. The ranking is featured in the magazine’s December issue and online at www.gijobs.com.

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Curt Tigard was nominated by his former colleagues to be recognized as one of outstanding alumni. Curt’s 36-year career began in 1935 at U.S. National Bank. He held various leadership roles at branches in Portland, Albany and Tigard. In 1940, the Army called him to active duty where he proudly served in North Africa, Italy and even Hollywood, California where he produced an amphibious training film for the Marine Corps. Curt returned to the bank after the war and was appointed assistant vice president. He is proud to have worked for the bank and credits his success to the incredible people he worked with over the years. He was unanimously described as an inspiration with his joie de vivre, energy, and kindness. He always made the time to offer advice and guidance to his team. Curt and his precious wife Julia celebrated over 50 years of marriage before her passing in 1998. He treasures wonderful memories of their travels to many continents. Curt is very proud of his son David and enjoys spending time with his two grandsons. Curt is the grandson of Wilson Tigard, founder of the City of Tigard, Ore. Curt’s grandfather brought his family to the area in 1852 and opened a general store in what is now the City of Tigard. In 2009, the City honored Curt with a 100th birthday party at the Tigard Public Library. He celebrated his 103rd birthday on April 12, 2012. Curt still plays golf on a weekly basis.

Carolyn Osten was honored at the Portland Alumni Event on Oct. 10, 2012. Her 37-year career began right out of high school at the Springfield branch as a proof operator and bookkeeper. She spent several years as branch secretary before her husband was called to active duty in the Army and transferred to Washington, D.C. Living in our nation’s capital was an exciting time for Carolyn. Before long she found herself working at the Pentagon as secretary to a four-star general. She loved working at the hub of our nation’s military activity. Carolyn’s position as branch secretary was waiting for her when she returned to Oregon. She quickly advanced to leadership roles such as operations specialist at the Tigard branch and branch manager at Kruse Way. Carolyn’s former employees will tell you she was the best mentor. She is grateful for the wonderful memories and close friends she made during her time at the bank. Carolyn is very proud of her daughter and son and enjoys spending time with her three grandsons. She loves to travel and has enjoyed trips to Hawaii, Australia, and New Zealand. Her Scandinavian cruise is at the top of her list. Carolyn also plays golf and is on a bowling league, where she holds a 160 average. Carolyn is responsible for the success of the West Side of Portland semi-annual luncheons and newsletters for the last nine years!

Curt, thank you for your years of dedication and service to U.S. Bank.

Carolyn, thank you for your service and continued loyalty to U.S. Bank.

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CCoommmmeennttss ffrroomm tthhee PPoorrttllaanndd ccrroowwdd:: "Thank you - what a nice lunch with old friends!" "It’s always wonderful to connect with old friends, and to hear what is going on with U.S. Bank.”

"It was a day of lots of hugs and kisses.” "I wouldn't miss this important event with U.S. Bank." “I enjoy seeing all my former colleagues – the presentations were great!”

"Thank you for honoring the Portland Alumni."

"As we continue to get older, this is such a great opportunity to reconnect with friends and visit with people we haven't seen in a long time." "I especially enjoyed all the financial updates!"

"I heard such valuable information and look forward to joining the alumni volunteer opportunities."

"I enjoyed the entire event...the presentations were very touching. Thank you!" "Seeing John Elorriaga and Bill Carver was the best – they are amazing!"

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Date Market Description Contact Monthly Portland Salem Alumni Monthly Breakfast

– Former employees and retirees of U.S. Bank welcome.

Angie Bylsma 503-362-3996 dnabylsma@hotmail. com H

June 19, 2013 11:30 a.m.

Portland West Side of Portland Group (Beaverton, Hillsboro, Raleigh Hills, Tigard, Lake Oswego) – This group meets semi-annually for lunch. We will meet at the Embassy Suites in Progress, Oregon on June 19. Contact Carolyn for more information.

Carolyn Osten 360-891-9229 carolynjo3@comcast.net

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~~ SSppeecciiaall TThhaannkkss ~~ Special thanks to Bill Carver, Development Network Alumni board member, who has been an active participant in activities of the USB alumni. Bill looks forward to continuing his role with the Development Network by promoting volunteer opportunities for local alumni.

WWeesstt SSiiddee ooff PPoorrttllaanndd AAlluummnnii HHoolliiddaayy LLuunncchheeoonn On Dec. 12, 2012, the Westside of Portland Alumni group gathered at the Embassy Suites in Tigard for the annual holiday luncheon. Carolyn Osten did an outstanding job organizing the event and Mary Phillips added to the fun by preparing holiday name tags. The Alumni Engagement Network provided Visa gift cards as giveaways. In the spirit of Christmas, the group agreed to donate the cards to several local non-profits. Thanks to Carolyn for the continued success of this group of U.S. Bank Alumni friends. The next luncheon is scheduled for June 19, 2013 at the Embassy Suites in Tigard.

Front row: Patsy Williamson-McLean, Frances Cook, Carolyn Osten Second row: Marilyn Herbster, Carol Jacobs, Rose Bertolino, Carole Maylender, Barbara DeForest, Mary Phillips, Barbara Hunter Back row: Jim Field, Martha Vogel, Hermie Goodale, Nick Baulne, Bill Carver

On May 20, 2012, Portland alumni and current U.S. Bank employees gathered at the Oregon Trail Chapter of the American Red Cross. The day was spent preparing totes of supplies for use during blood drives. Alumni volunteers have a new appreciation for the "small item" tasks of the Red Cross. Thanks to our volunteers: Pat Dobbins, Lothar "Ernst" Paesler and Bill Carver. We are proud to call you alumni! Lauren Grube, Volunteer Services Manager of the American Red Cross, sent a special thank you letter to our volunteers. The American Red Cross could not serve its mission to save lives if it weren’t for the volunteers.

Lothar "Ernst" Paesler and Bill Carver at the American Red Cross.

Throughout the month of October, military care package items were collected from U.S. Bank employees and customers. On Nov. 8, 2012, Oregon Alumni and current USB employees worked side by side at Columbia Center. They packed 95 large shipping boxes destined for Oregon and Washington state military members stationed overseas. Bill Carver said, "It was a wonderful day and it was great to be part of this project. We took pride in knowing we made a difference for military personnel over the holiday season."

Oregon U.S. Bank Alumni Making a Difference!

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Thanks to Elise Schroeder, Kathi Holmes, ReeAnn Kuktcher, Sue Smith, Nancy DeAtley and Bill Carver for supporting our troops.

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Richard Davis and Malia Wasson recognize former chairman and CEO, John Elorriaga, with a Lifetime Achievement Award. John led the bank from 1974 to 1987.

Curt Tigard enjoys his U.S. Bank Alumni pocket watch, jacket and hat. He looks forward to wearing this ensemble on the golf course.

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On Nov. 15, 2012, five U.S. Bank Oregon Alumni had a hand in the fight against hunger. They partnered with the Oregon Food Bank network to prepare food for families in need. Thank you to Walt and Elaine Thompson, Jerry Nierengarten, Kimberly Nguyen and Joanne Recke for giving back to our community.

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NNoottee ffrroomm DDoonnaalldd RReeeedd Greetings to U.S. Bank Alumni! I am 98 years old and don’t drive much anymore, so I wasn’t able to attend the party. I thought some of the Alumni might be interested in an update on the Reeds. We celebrated our 76th anniversary on Oct. 8, 2012. Thank you, U.S. Bank! Don and Lucille Reed

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U.S. Bank made Newsweek's Greenest Companies Rankings' top 100 in the U.S. again this year! Our company was again named one of the top 100 greenest companies in the U.S. and one of the top 150 greenest global companies! We ranked #61 in the U.S. Companies category, and #126 in the Global category. We continue to raise our standards and increase our efforts as expectations rise, especially within our industry. U.S. Bank ranked 8th among the largest 53 companies in the Financials category in the U.S., which includes insurance companies as well as banks and other financial service providers. Only Citi and Bank of America ranked higher as banks. You can find the full list, as well as more information about the rankings, on Newsweek’s website and browse by industry.

Faces in the Crowd Would you like to nominate someone for Faces in the Crowd at our next event? We would like to hear from you … contact us at alumni@usbank.com or 866-680-2586.

RReettuurrnn ttoo wwoorrkk aatt UU..SS.. BBaannkk Are you interested in returning to work at U.S. Bank? Whether you are seeking full-time, part-time, short-term or long-term work, we’d like to talk to you. Contact Erica Hess at erica.hess1@usbank.com to connect with recruiters or HR staff that can help you find your place at U.S. Bank. Note: Retired employees may be eligible for re-hire after they have been retired for 12 months.

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PPrroouudd ttoo SSeerrvvee Be sure to check out the Proud to Serve community on Facebook from the official U.S. Bank page to learn about U.S. Bank military initiatives, view photos and videos from military events, and share your stories with US.

UU..SS.. BBaannkk rreeccooggnniizzeedd aass MMiilliittaarryy FFrriieennddllyy EEmmppllooyyeerr In November, G.I. Jobs magazine named U.S. Bank one of the nation's Top 100 Military Friendly Employers®.

IInn tthhee mmaarrkkeett ffoorr aa vveehhiiccllee?? Check out the U.S. Bank Auto Lot inventory at www.autolotvehicles.com for exclusive discounts on off-lease vehicles for U.S. Bank employees and alumni. Click on How It Works or FAQ for details.

Have you moved recently? Or had a change of address? Be sure to update your address by calling the U.S. Bank Employee Service Center at 800-806-7009 to stay in touch with the alumni engagement network.

Special Thanks Thank you to all who attended our Portland event. We look forward to seeing you in 2013! Also, a special thanks to Tasha Sweet, marketing generalist and Amy Theuma, enterprise wholesale manager, for their dedication in preparing and hosting the amazing Portland historical display for the event.

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Countdown is on: Switch now to direct deposit for Federal Benefit Payments Source: U.S. Department of the Treasury, Financial Management Service If you get Social Security or other federal benefit payments by paper check, you should know that you are required by the U.S. Department of the Treasury to switch to electronic payments by March 1, 2013. It’s fast, easy and free to switch to direct deposit today. You can sign up:

At your local U.S. Bank branch Online at the Treasury Department’s Go

Direct® website at www.GoDirect.org By calling the U.S. Treasury Electronic

Payment Solution Center at 800-333-1795

Making the switch will help save taxpayers $1 billion over the next 10 years. For details and information, visit www.GoDirect.org or view the Go Direct instructional video.

Make your Smartphone Smarter Get the latest U.S. Bank Mobile app on any mobile device with Internet access and enjoy secure, convenient banking anywhere, anytime. Manage your accounts, deposit checks, pay bills and receive customized account alerts with U.S. Bank Mobile Banking. Visit www.usbank.com/mobile/mobile-

Marilyn Herbster – 55 years Elda Monteith – 53 years Bob Gross – 44 years Vivian McQueeney – 44 years Glenn Trump – 44 years Janis Coppola – 43 years John Dipasquale – 43 years Davis Anderson – 42 years Larry Bell – 41years Tracey House – 41 years Jerry Jordan – 41 years Carol Barton – 40 years Ronald Hood – 40 years Beverly Jones – 40 years Bryan Schmidt – 40 years Ann Wilson – 40 years

Celebrating Exceptional Service We were proud to have our current employees with more than 40 years of service join us at the 2012 Portland Luncheon.

Elda Monteith – 53 years of extraordinary service

Marilyn Herbster – 55 years of extraordinary service

Portland alumni arrive at the event.

Alumni Sheila Scott, Karon Wensel and Lorraine Bishop reunite at the luncheon.

Ronda Robles, former president of the Portland Development Network spends time with former colleagues.

2012 Portland Alumni Event

2011 Faces in the Crowd honoree Al Powers catches up with Malia Wasson.

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Camille Dodge, Mary Ellen Peterson and Charla Reidl-Shindler celebrating the day!

John Elorriaga, former chairman and CEO, with Alumni Nancy Deatley.

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Oregon School Activities Association (OSAA)

University of Oregon Athletics

Oregon State University Athletics

Oregon Shakespeare Festival

U.S. Bank Portland Broadway Series

U.S. Bank Pole Pedal Paddle

U.S. Bank Pendleton PBR Classic

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Big Brothers Big Sisters Hispanic Metropolitan Chamber

Portland Housing Center Portland Opera

Portland Schools Foundation – Ninth Grade Counts

Oregon Independent Colleges Foundation

Self Enhancement Inc. SMART

United Way Habitat for Humanity

Chess for Success