DealerTrack Adds U.S. Bank to Its Growing List of Lenders; Addition of Major Bank Shows Continued Adoption of DealerTrack Platform

    MELVILLE, N.Y.--June 9, 2003--U.S. Bank, a division of U.S. Bancorp, has joined the growing list of lending institutions utilizing the DealerTrack(TM) auto finance platform.
    U.S. Bank will accelerate its dealer-to-lender relationships by making its lending services available to their dealers currently utilizing the DealerTrack auto finance platform.
    U.S. Bank had previously been a participant on Credit Online's CreditConnection(R) 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 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 North America's premier 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 easy-to-use, 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 www.dealertrack.com 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 www.usbank.com.