U.S. Bank raises prime lending rate to 5.00 percent from 4.75 percent effective June 14, 2018

June 13, 2018 | GET MORE : General Information

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U.S. Bancorp (NYSE:USB) announced it has raised its prime lending rate to 5.00 percent from 4.75 percent, effective June 14, 2018 at all U.S. Bank locations.

U.S. Bancorp last announced a change in its prime lending rate on March 21, 2018, when it was increased 25 basis points to 4.75 percent.

About U.S. Bancorp

Minneapolis-based U.S. Bancorp (NYSE: USB), with $460 billion in assets as of March 31, 2018, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,054 banking offices in 25 states and 4,729 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

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Stacey Wempen, 612-303-7620