U.S. Bank Raises Prime Lending Rate to 5.50 Percent from 5.25 Percent Effective December 20, 2018
December 19 2018 - 4:32PM
Business Wire
U.S. Bancorp (NYSE:USB) announced it has raised its prime
lending rate to 5.50 percent from 5.25 percent, effective tomorrow,
December 20, 2018, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate
on September 26, 2018, when it was increased 25 basis points to
5.25 percent.
About U.S. Bank U.S. Bancorp, with 74,000 employees and
$465 billion in assets as of September 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 www.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/20181219005830/en/
Investor contact: Jennifer Thompson, U.S. Bancorp Investor
Relations jen.thompson@usbank.com, 612.303.0778, @usbank_news
Media contact: Rebekah Fawcett, U.S. Bancorp Public Affairs and
Communications rebekah.fawcett@usbank.com, 612.303.9986,
@usbank_news
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