U.S. Bank Decreases Prime Lending Rate to 4.75 Percent from 5.00 Percent Effective October 31, 2019
October 30 2019 - 5:52PM
Business Wire
U.S. Bancorp (NYSE:USB) announced it has decreased its prime
lending rate to 4.75 percent from 5.00 percent, effective tomorrow,
October 31, 2019, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate
on September 18, 2019, when it was decreased 25 basis points to
5.00 percent.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $488 billion in assets
as of September 30, 2019, 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 2019 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.
Source: U.S. Bancorp
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version on businesswire.com: https://www.businesswire.com/news/home/20191030006154/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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