U.S. Bank Raises Prime Lending Rate to 5.25 Percent from 5.00 Percent Effective September 27, 2018
MINNEAPOLIS--(BUSINESS WIRE)--Sep 26, 2018--U.S. Bancorp (NYSE:USB) announced it has raised its prime lending rate to 5.25 percent from 5.00 percent, effective tomorrow, September 27, 2018, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on June 13, 2018, when it was increased 25 basis points to 5.00 percent.
About U.S. Bank U.S. Bancorp, with 74,000 employees and $461 billion in assets as of June 30, 2018, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical Company. Visit U.S. Bank at usbank.com or follow on social media to stay up to date with company news.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005918/en/
CONTACT: Jennifer Thompson, U.S. Bank Investor Relations
Stacey Wempen, U.S. Bank Financial Communications
KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: U.S. Bancorp
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PUB: 09/26/2018 06:00 PM/DISC: 09/26/2018 06:01 PM