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January 01 2008

U.S. Bank Invests $125,000 in Operation HOPE for Financial Literacy

US Bank Invests $125,000 in Operation HOPE for Financial Literacy Commercial bank and LA based nonprofit seek to empower communities through national push to raise public awareness of the importance of “Silver Rights”

LOS ANGELES, CA – April 7, 2008 – Social investment nonprofit Operation HOPE (HOPE) is bringing the “Silver Rights” financial literacy movement to the forefront of America’s national economic agenda, announcing today a $125,000 commitment from US Bank.

Partnering with the 6th largest commercial bank in the United States, HOPE’s solid relationship with US Bank builds on the organization’s existing support from an array of financial institutions and government entities. HOPE is using the funds to boost youth economic empowerment through its Banking on Our Future offices in Los Angeles and Denver, which is consistent with the President’s recently announced policy underlying the establishment of the U.S. President’s Advisory Council on Financial Literacy (USPACFL).

HOPE Founder, Chairman and CEO John Hope Bryant, who is currently serving as vice-chairman of the USPACFL, believes these monies will help lay the groundwork for national initiatives and will have a profound impact on America’s fiscal preparedness.

“We are pleased that US Bank continues to recognize the significance of HOPE’s role to advance an understanding of wealth accumulation, and supports our mission to promote dignity within the under-resourced communities,” said Bryant. “Their contribution will help expand our outreach to youth, and further the President’s policy of assisting the American people in understanding and addressing financial matters. This partnership is yet another example of how big business can do well by doing good.”

“Operation HOPE has long worked to develop creative solutions that maximize resources for underserved communities and we support those ideals,” said Richard Hartnack, vice chairman and head of Consumer Banking at US Bancorp. “At US Bank, we are always looking for opportunities to support projects that are in line with our goal to strengthen the communities we serve. For us it is another opportunity to use private capital for social good.”

About US Bank
US Bank has 333 offices across California. U.S. Bancorp, with $238 billion in assets, is the parent company of US Bank, the 6th largest commercial bank in the United States. The company operates 2,518 banking offices and 4,867 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at http://www.usbank.com/