U.S. Bank Increases Prime Lending Rate to 7.50 Percent
December 14 2022 - 5:30PM
Business Wire
U.S. Bancorp (NYSE: USB) announced it has increased its prime
lending rate to 7.50 percent from 7.00 percent, at all U.S. Bank
locations. The reference rate at all Union Bank locations will also
increase to 7.50 percent from 7.00 percent. These changes are
effective tomorrow, December 15, 2022.
About U.S. Bancorp:
U.S. Bancorp, with approximately 70,000 employees and $601
billion in assets as of September 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. Union Bank, consisting
primarily of retail banking branches on the West Coast, joined U.S.
Bancorp in 2022. 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/20221214005976/en/
Investor contact: George Andersen, Director of Investor
Relations, U.S. Bancorp Investor Relations – 612.303.3620,
george.andersen@usbank.com
Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and
Communications – 612.303.9933, jeffrey.shelman@usbank.com
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