MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE:USB) announced it has raised its prime lending rate to 3.50 percent from 3.25 percent, effective tomorrow, December 17, 2015, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on December 16, 2008, when it was decreased 75 basis points to 3.25 percent.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $416 billion in assets as of September 30, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,151 banking offices in 25 states and 5,001 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.