OfficeMax Partners With U.S. Bank to Power OfficeMax's Visa Credit Card Portfolio

NAPERVILLE, Ill., Nov. 9 /PRNewswire-FirstCall/ -- OfficeMax®, (NYSE: OMX) a leading provider of office supplies and services, today announced it has entered into a strategic alliance and partnership with U.S. Bank, lead bank for U.S. Bancorp (NYSE: USB) to issue a new OfficeMax Visa Signature® and Visa® Rewards credit card.

"U.S. Bank has had a long and rich history of successful retail credit card programs that appeal to customers and build brand loyalty," said Ryan Vero, EVP and Chief Merchandising Officer for OfficeMax. "Our customers appreciate the benefits of our credit card program and regard it as a valuable tool for their business and home office. We look forward to working with U.S. Bank in identifying new reward opportunities that complement our MaxPerks Rewards program and help our customers in unexpected ways."

OfficeMax customers can earn eight percent or more in rewards on OfficeMax purchases when they use their OfficeMax Visa Card along with their MaxPerks® Rewards membership. Cardmembers can also earn reward points everywhere Visa is accepted. All cardmembers are able to choose from a variety of rewards, including an OfficeMax gift card, cash back, merchandise and unique travel opportunities. For more information, please visit usbank.com/omx80003.

"We are pleased to partner with OfficeMax to deliver innovative and valuable rewards to their loyal customers through this new credit card relationship," said John Owens, SVP of U.S. Bank Retail Payment Solutions. "We are proud to add a successful national retailer like OfficeMax to our portfolio and the new no-annual fee OfficeMax Visa will be a meaningful accelerator to their MaxPerks loyalty program."

U.S. Bank Retail Payment Solutions (RPS) is one of the nation's leading providers of payment processing, issuing and advisory services. RPS offers credit, debit, and prepaid payment solutions to consumers and small businesses through U.S. Bank and in partnership with financial institutions, businesses, governments and employers.

About OfficeMax
OfficeMax Incorporated (NYSE: OMX) is a leader in both business-to-business office products solutions and retail office products. The OfficeMax mission is simple. We help our customers do their best work. The company provides office supplies and paper, in-store print and document services through OfficeMax ImPress®, technology products and solutions, and furniture to consumers and to large, medium and small businesses. OfficeMax customers are served by more than 30,000 associates through direct sales, catalogs, e-commerce and more than 1,000 stores. To find the nearest OfficeMax, call 1-877-OFFICEMAX. For more information, visit http://www.officemax.com/.

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $265 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,851 banking offices and 5,173 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

    OfficeMax Media Contacts:            OfficeMax Investor Contacts:
    William Bonner    Jennifer Rook      Tony Giuliano    Mike Steele
    630-864-6066      630-864-6057       630-864-6820     630-864-6826

    U.S. Bank Media Contact:
    Teri Charest
    612-303-0732
    teri.charest@usbank.com