The board of directors of U.S. Bancorp, Minneapolis, the parent company of U.S. Bank Home Mortgage, has authorized a program to repurchase up to 150 million shares of its outstanding common stock.The authorization replaces the company's existing share repurchase program. U.S. Bancorp's common stock may be repurchased through December 2008 in the open market or in privately negotiated transactions, and the reacquired shares will be held as treasury shares and may be reissued for various corporate purposes, the company said. U.S. Bank can be found online at http://www.usbank.com.
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