U.S. Bank Increases Prime Lending Rate to 5.50 Percent
July 27 2022 - 5:30PM
Business Wire
U.S. Bancorp (NYSE: USB) announced it has increased its prime
lending rate to 5.50 percent from 4.75 percent, effective tomorrow,
July 28, 2022, at all U.S. Bank locations.
About U.S. Bancorp:
U.S. Bancorp, with approximately 70,000 employees and $591
billion in assets as of June 30, 2022, is the parent company of
U.S. Bank National Association. The Minneapolis-based company
serves millions of customers locally, nationally and globally
through a diversified mix of businesses: Consumer and Business
Banking; Payment Services; Corporate & Commercial Banking; and
Wealth Management and Investment Services. The company has been
recognized for its approach to digital innovation, social
responsibility, and customer service, including being named one of
the 2022 World’s Most Ethical Companies and Fortune’s most admired
superregional bank. Learn more at usbank.com/about.
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version on businesswire.com: https://www.businesswire.com/news/home/20220727006017/en/
Investor contact: Jennifer Thompson, U.S. Bancorp Investor
Relations – 612.303.0778; jen.thompson@usbank.com
Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and
Communications – 612.303.9933; jeffrey.shelman@usbank.com
US Bancorp (NYSE:USB)
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