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DealerTrack Adds U.S. Bank to Its List of Lenders

June 09, 2003

U.S. Bank, a division of U.S. Bancorp, has announced it has joined the list of

lending institutions utilizing the DealerTrack™ auto finance platform. U.S. Bank says it will accelerate

its dealer-to-lender relationships by making its lending services available to dealers currently

utilizing the DealerTrack auto finance platform.

U.S. Bank had previously been a participant on Credit Online's CreditConnection® network.

Following DealerTrack's recent acquisition of Credit Online, U.S. Bank has now migrated to the

DealerTrack platform - providing its dealer customers with access to the best of both worlds.

U.S. Bank's dealer customers who use DealerTrack are now able to electronically submit loan and

lease applications to the lender. Dealers can also use the platform to monitor changes in

application status, share information instantly with lenders on the system and access low-cost

credit reports. In addition, DealerTrack says it now offers dealers the ability to integrate with leading

dealer management systems.

"U.S. Bank considers DealerTrack a true and established leader in the electronic auto financing

market," said Tom Wirth, senior vice president of U.S. Bank. "We welcome the combination of

CreditConnection and DealerTrack functionality and are encouraged by the larger pool of dealer

customers available on the platform. We believe the level of service we will be able to offer our

dealers through DealerTrack is critical to our continued success in this area of our business."

"We are proud to welcome U.S. Bank to the DealerTrack family," said Mark O'Neil, DealerTrack

president and chief executive officer. "We know that U.S. Bank has seen a significant return on

its electronic finance application investment through its use of CreditConnection, and we

anticipate similar positive returns for both U.S. Bank and its dealer customers as they make the

transition to the DealerTrack platform."

About DealerTrack

With over 20,000 dealers and over 30 lenders currently connected, DealerTrack is an independent Web-based platform that automates and accelerates the entire dealer-to-lender

relationship, from financing to daily information sharing. The DealerTrack suite of products

includes credit application processing, credit bureau access, electronic contracting and lease

comparisons - all in one integrated solution. Additionally, the DealerTrack platform

features integration with top dealer management systems for credit application processing and

credit bureau access. More information on DealerTrack is available at or by

calling 877-357-8725.

About U.S. Bank

U.S. Bancorp, with assets in excess of $182 billion, is the 8th largest financial services holding

company in the United States. The company operates 2,200 banking offices and 4,582 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 home of the

Five Star Service Guarantee which assures customers of certain key banking benefits and services or

customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank.

Visit U.S. Bancorp on the web at

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