U.S. Bank and American Express Announce Card-Issuing Agreement

  U.S. Bank and American Express Announce Card-Issuing Agreement

Business Wire

MINNEAPOLIS -- November 20, 2013

U.S. Bank and American Express today announced that U.S. Bank will offer
credit cards accepted on the American Express network in 2014.

“We actively listen to our customers and are focused on delivering the right
financial solutions that best meet their needs,” said Pam Joseph, Vice
Chairman of U.S. Bank. “We believe that the American Express network provides
a combination of benefits and services that many of our customers want. We’re
proud to partner with American Express, a company with a rich history of
service that’s dedicated to providing outstanding customer value.”

U.S. Bank is now working with American Express to design programs for U.S.
Bank’s customers and expects to begin offering cards on the American Express
network by fall 2014. The new American Express-branded cards will be available
online, at U.S. Bank’s 3,088 branches and by phone.

“U.S. Bank and American Express share a strong commitment to delivering
exceptional customer value,” said Ed Gilligan, President, American Express.
“With this new partnership, we have a terrific opportunity to bring American
Express’ unique benefits and services to U.S. Bank and create a compelling new
range of products for their customers.”

U.S. Bank is a top issuer of credit and debit cards in the United States. U.S.
Bank’s rewards card programs have been recognized nationally as among the best
in the industry. Its customers have access to leading mobile payments
innovation for which the company is also highly regarded. In addition to its
bank-branded card portfolio, U.S. Bank has relationships with many
high-profile brands for which it issues cobranded cards. U.S. Bank also
provides white label card issuing services to thousands of banks and credit
unions across the country through its Elan subsidiary.

About American Express

American Express (NYSE: AXP) is a global services company, providing customers
with access to products, insights and experiences that enrich lives and build
business success. Since 1997, American Express has partnered with a select
group of leading banks and financial institutions around the world to issue
American Express-branded products and acquire merchants on to the American
Express merchant network. By leveraging its partnerships, global
infrastructure and the powerful appeal of its brand, American Express has
gained even broader reach for its network worldwide.

About U.S. Bank

Minneapolis-basedU.S. Bancorp(NYSE: USB), with$361 billionin assets as
ofSept. 30, 2013, is the parent company ofU.S. Bank, the 5th largest
commercial bank inthe United States. The company operates 3,088 banking
offices in 25 states and 4,937 ATMs and provides a comprehensive line of
banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. VisitU.S.
Bancorpon the web at usbank.com.

Photos/Multimedia Gallery Available:



U.S. Bank Public Relations
Teri Charest, 612-303-0732
American Express
Nina Chang, 212-640-2851
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