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GERRY B. CAMERON NAMED CHIEF OPERATING OFFICER OF U.S. BANCORP

 PORTLAND, Ore., Jan. 6 /PRNewswire/ -- U.S. Bancorp (NASDAQ: USBC) Chairman Roger L. Breezley today announced that the board of directors of U.S. Bancorp has elected Vice Chairman Gerry Cameron to the additional position of chief operating officer (COO). With the new position, Cameron's scope of responsibility broadens from his traditional regional banking focus to include oversight of nationally focused financial businesses.
 Cameron assumes the title previously held by Edmund P. Jensen who recently left U.S. Bancorp to join Visa International as president and chief executive officer. Kevin R. Kelly remains as president of U.S. Bancorp.
 In addition to overseeing retail banking operations in five Northwest states, Cameron's new responsibilities include oversight of U.S. Bancorp's National Products Group. This group managed by Executive Vice President Richard W. Eichhorn, includes U.S. Bancorp Mortgage Co., which originated more than $4 billion in mortgage loans in 1993, and U.S. Bancorp's bank card businesses, which comprise over 1.2 million credit cards issued. Also newly reporting to Cameron is the U.S. Bancorp Securities and Trust Group. Managed by Executive Vice President Keith H. Miles, this group has approximately $19 billion in managed and non-managed assets.
 "Gerry Cameron brings to this position a depth of knowledge and a strong vision for integrated financial services that is unparalleled in our company," stated Breezley. "I am confident that the synergies created by his oversight of both our banks and our national financial businesses will benefit our customers and our shareholders. This new structure will allow us to more effectively deliver a broad array of financial services to meet our customers' changing needs."
 Cameron has been with U.S. Bancorp for 38 years. Appointed vice chairman in January of 1993, Cameron previously was responsible for building the U.S. Bank of Washington franchise and was president and chief executive officer of that bank. Cameron serves as chairman of the board of U.S. Bank of Oregon and is a member of the board of U.S. Bank of Washington.
 "The opportunity for me to provide further strategic direction to U.S. Bancorp in a rapidly changing financial environment is a challenge I welcome," stated Cameron. "I see great potential both in our current markets and outside of the region. I have a strong team of talented people working with me to achieve our aggressive growth goals and will rely on them to help deepen the ties we have regionally and nationally," he added.
 U.S. Bancorp is the largest bank holding company headquartered in the Northwest, with assets of $21 billion as of Sept. 30, 1993. U.S. Bancorp is one of the nation's 35 largest bank holding companies. Banking subsidiaries include U.S. Bank of Oregon; U.S. Bank of Washington; U.S. Bank of California; U.S. Bank of Nevada; U.S. Bank of Idaho; and U.S. Bank (Canada). Other subsidiaries include U.S. Bancorp Mortgage Co.; U.S. Bancorp Securities and Trust; U.S. Bancorp Leasing and Financial; and U.S. Bank, N.A.
 -0- 1/6/94
 /CONTACT: Mary B. Ruble, Public Relations, 503-275-6200, or Laura Klein, Investor Relations, 503-275-5773, both of U.S. Bancorp/
 (USBC)


CO: U.S. Bancorp ST: Washington, Oregon IN: FIN SU: PER

JH-IC -- SE007 -- 9818 01/06/94 14:14 EST
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Publication:PR Newswire
Date:Jan 6, 1994
Words:550
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