MILWAUKEE -- Milwaukee Golf Charities, Inc., the organization responsible for the operation of the U.S. Bank Championship in Milwaukee, and U.S. Bank have agreed to terms on a new three-year contract whereby U.S. Bank remains the title sponsor of the annual PGA TOUR event, it was announced today by Bryce Edwards, President of the tournament's Board of Directors and Dan Croak, the event's Tournament Director.

U.S. Bank became the first title sponsor in the 36-year history of the tournament in 2004.

"It's terrific to be involved with such an outstanding organization and to be the title sponsor of a PGA TOUR event that shares our history in Milwaukee," said Jerry Grundhofer, chairman, president, and chief executive officer of the U.S. Bancorp, parent company of U.S. Bank, at the time. This year's tournament marks the third year of the original three-year agreement. In the previous two years, the U.S. Bank Championship has crowned Carlos Franco and Ben Crane as champions and donated more than $1.2 million to charities in Milwaukee and Wisconsin.

"We are happy to continue our partnership with an event that features top-notch PGA TOUR players at our local crown jewel public course played by so many families in our area," said Bill Bertha, U.S. Bank Wisconsin market president. "We also love the economic boost it provides to our local economy, and most of all, the charitable contributions that have resulted from our being involved in this outstanding tournament. This year we hope to again surpass the record of yearly giving," Bertha said.

"We are so pleased to able to announce the renewal of our agreement with U.S. Bank," said Bryce Edwards. "As we look forward to our 40th anniversary event and beyond, to have a partnership with an organization as strong as U.S. Bank means a great deal as we move forward with the PGA TOUR and look to continue to increase the amount of charitable giving that the tournament is able to achieve."

"We are extremely pleased that U.S. Bank will continue its sponsorship in Milwaukee as the tournament enters a new era on the PGA TOUR as part of the FedExCup Season in 2007," said Henry Hughes, Chief of Operations for the PGA TOUR. "U.S. Bank's involvement over the past two years has helped to grow the tournament's profile and contributions to local charities. We look forward to continued growth and success of the U.S. Bank Championship in Milwaukee."

In addition to the three-year agreement between the tournament and U.S. Bank, an agreement extending the relationship between the tournament and Aurora Health Care for an additional two years was announced.

"Aurora is delighted to continue our relationship with the U.S. Bank Championship," said Edwin Howe, President of Aurora Health Care. "It is important to our community that we remain a major league city."

The U.S. Bank Championship in Milwaukee, scheduled for July 16th - 22nd next year, will become part of the new PGA TOUR FedExCup competition that debuts in 2007. The FedExCup Regular Season runs from the beginning of January through the middle of August and will establish the seeding for the PGA TOUR Playoffs. The Playoffs will consist of four events that will determine the season-long FedExCup champion, who will receive a record $10 million bonus.

U.S. Bancorp, with assets of $213 billion, is the sixth-largest financial holding company in the United States. The company operates 2,434 banking offices and 4,966 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. Visit U.S. Bancorp on the web at www.usbank.com.

Aurora Health Care is a community-owned Wisconsin health care provider and a nationally recognized leader in efforts to improve the quality of health care.

The U.S. Bank Championship in Milwaukee is a non-profit event that contributed over $633,000 to Wisconsin charities last year and more than $5.1 million since 1994.