MINNEAPOLIS--(BUSINESS WIRE)--Oct. 29, 2008--U.S. Bancorp (NYSE:
USB) announced it will lower its prime lending rate to 4.00 percent
from 4.50 percent, effective after the close of business today,
October 29, 2008, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on
October 8, 2008, when it was decreased 50 basis points to 4.50 percent
from 5.00 percent.
U.S. Bancorp, with $247 billion in assets, is the parent company
of U.S. Bank, the 6th largest commercial bank in the United States, as
of June 30, 2008. The company operates 2,556 banking offices and 4,903
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 at www.usbank.com.
CONTACT: U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judith T. Murphy (Analysts), 612-303-0783
SOURCE: U.S. Bancorp