U.S. Bank Decreases Prime Lending Rate to 3.25 Percent From 4.25 Percent Effective March 16, 2020
March 16 2020 - 1:48PM
Business Wire
U.S. Bancorp (NYSE:USB) announced it has decreased its prime
lending rate to 3.25 percent from 4.25 percent, effective today,
March 16, 2020, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate
on March 3, 2020, when it was decreased 50 basis points to 4.25
percent.
About U.S. Bancorp
U.S. Bancorp, with more than 70,000 employees and $495 billion
in assets as of December 31, 2019, is the parent company of U.S.
Bank National Association, 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 one of the 2020 World’s Most
Ethical Companies. 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/20200316005733/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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