MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE:USB) announced it has raised its prime lending rate to 4.25 percent from 4.00 percent, effective tomorrow, June 15, 2017, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on March 15, 2017, when it was increased 25 basis points to 4.00 percent.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $450 billion in assets as of March 31, 2017, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company operates 3,091 banking offices in 25 states and 4,838 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. www.usbank.com