RAPID CITY, SD (Jan. 24, 2007) – Patrick Burchill, U.S. Bank Rapid City community bank president, today announced the investment of $100,000 in affordable housing for South Dakota.

South Neighborhood Housing Services of the Black Hills in Deadwood will receive $100,000 in equivalent investments, also known as low-interest loans to be used exclusively for low-income mortgage customers who need financial assistance when purchasing a home in South Dakota.

“We are very proud to partner with Neighborhood Housing Services to help make the dream of homeownership a reality,” said Burchill.

Joy McCracken, executive director of Neighborhood Housing Services, said, “We thank U.S. Bank as these funds will go a long way in helping to provide decent, safe and affordable housing and promote neighborhood revitalization efforts currently taking place throughout our state.”

Since 1998, NHS has assisted more than 520 families with purchasing a home, and more than 800 people have graduated from its homebuyer education. For more information about Neighborhood Housing programs and services, visit its website at www.nhsblackhills.org or call 605-578-1401.

U.S. Bancorp, with $219 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,472 banking offices and 4,841 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

U.S. Bancorp is the parent company of U.S. Bank, which has xx branches in Rapid City. Visit U.S. Bancorp on the web at usbank.com.