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Elizabeth L. Buse and Yusuf I. Mehdi Join U.S. Bancorp Board of Directors

U.S. Bancorp announced today that its Board of Directors has elected
Elizabeth L. Buse and Yusuf I. Mehdi as directors of the company,
effective immediately.

Ms. Buse, 57, is the former Chief Executive Officer of Monitise PLC, a
global mobile banking and payments company based in the UK. She served
as Co-Chief Executive Officer and Chief Executive Officer of Monitise
during 2014 and 2015, after retiring from Visa, Inc, the world’s largest
payment network, as Executive Vice President of Global Services. She
held various senior leadership positions during her 16-year tenure at
Visa, Inc.

“Elizabeth has deep expertise within the financial services industry,
and specifically related to payments, that is extremely relevant to our
Board,” said Andy Cecere, chairman, president and CEO of U.S. Bancorp.
“Her experience as the CEO of a global financial services technology
company gives her valuable leadership insight and broad perspective on
complex issues facing our company.”

Mr. Mehdi, 51, is the Corporate Vice President of the Modern Life and
Devices Group of Microsoft Corporation, representing the Windows,
Surface, Office and Bing businesses. A 26-year veteran of Microsoft,
Mehdi previously served as the company’s Corporate Vice President of
Windows and Devices Group as well as the Corporate Vice President and
Chief Marketing and Strategy Officer of its Interactive Entertainment
Division, including Xbox, among other leadership positions.

“With extensive consumer experience at a large multinational company,
Yusuf brings valuable retail business knowledge to our Board,” said
Cecere. “His work in a technology-focused industry, that must adapt its
strategy and offerings extremely quickly to respond to changes in
customer expectations, will serve us well in our work to bring our whole
bank to our customers. We are delighted that Elizabeth and Yusuf have
joined our Board and look forward to working with them and benefiting
from their diverse knowledge and experiences.”

About U.S. BankU.S. Bancorp, with 74,000 employees and $460
billion in assets as of March 31, 2018, is the parent company of U.S.
Bank, the fifth-largest bank in the United States. The Minneapolis-based
bank blends its branch 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 online
or follow on social
media to stay up to date with company news.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180618006171/en/