MINNEAPOLIS--(BUSINESS WIRE)--April 30, 2008--U.S. Bancorp (NYSE:
USB) announced it will lower its prime lending rate to 5.00 percent
from 5.25 percent, effective after the close of business today, April
30, 2008, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on
March 18, 2008, when it was decreased 75 basis points to 5.25 percent
from 6.00 percent.
U.S. Bancorp, with $242 billion in assets, is the parent company
of U.S. Bank, the 6th largest commercial bank in the United States.
The company operates 2,522 banking offices and 4,844 ATMs, and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web
CONTACT: U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judith T. Murphy (Analysts), 612-303-0783
SOURCE: U.S. Bancorp