Recent Developments
U.S. Bank serves diverse markets through 2,315 full-service branch locations in large metropolitan markets, smaller community markets, and in-store offices. In 2003, U.S. Bank began an expansion of our successful in-store branch network in high-growth markets, primarily in southwestern and southern markets. Currently the third-largest in-store branch network in the industry, U.S. Bank forecasts more than 457 in-store branches by year-end 2004.
Spear and Associates ranks the usbank.com Web site as the number-one Retail Internet Banking site. The ranking is a testament to the ease of use and full functionality that U.S. Bank has implemented and offers its online customers.
U.S. Bancorp, through its predecessor companies, has increased its annual dividend rate in each of the past 30 years and has paid a dividend for 140 consecutive years. The most recent increase in the U.S. Bancorp common share dividend was announced in December 2003.
