U.S. Bank Raises Prime Lending Rate to 5.25 Percent from 5.00 Percent Effective September 27, 2018
September 26 2018 - 6:00PM
Business Wire
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. BankU.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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180926005918/en/
Jennifer Thompson, U.S. Bank Investor Relations612.303.0778;
jen.thompson@usbank.comorStacey Wempen, U.S. Bank Financial
Communications612.303.7620; stacey.wempen@usbank.comTwitter
@usbank_news
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