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U.S. Bank Names Schnucks' Exclusive In-Store Bank Partner

ST. LOUIS, Mo. -- Schnuck Markets, Inc. here has inked an agreement that makes U.S. Bancorp's national bank subsidiary, U.S. Bank, the exclusive in-store banking partner for all 66 Schnuck's locations in the St. Louis metro area.

U.S. Bank will establish 25 full-service in-store banking locations in selected Schnuck Markets and place ATMs in the other 41 units. The new banking locations inside Schnuck's will be U.S. Bank's first in-store locations in the market.

"We are always looking for ways to give our customers added value and convenience," said Craig Schnuck, Schnucks' chairman and c.e.o. "This partnership with U.S. Bank will further accommodate the needs of our soon-to-be shared customers."

The rollout of the 25 U.S. Bank in-store branches is scheduled to begin in the coming months, with all locations to be completed by the first quarter of 2006.
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