U.S. Bank Raises Prime Lending Rate to 3.75 Percent from 3.50 Percent Effective December 15, 2016
December 14 2016 - 3:15PM
Business Wire
U.S. Bancorp (NYSE:USB) announced it has raised its prime
lending rate to 3.75 percent from 3.50 percent, effective tomorrow,
December 15, 2016, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate
on December 16, 2015, when it was increased 25 basis points to 3.50
percent.
Minneapolis-based U.S. Bancorp (NYSE: USB), with $454 billion in
assets as of September 30, 2016, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the
United States. The Company operates 3,114 banking offices in 25
states and 4,875 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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version on businesswire.com: http://www.businesswire.com/news/home/20161214006158/en/
U.S. Bank Corporate CommunicationsDana Ripley,
612-303-3167dana.ripley@usbank.comTwitter @usbank_news
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