MINNEAPOLIS--(BUSINESS WIRE)--Dec. 16, 2008--U.S. Bancorp (NYSE: USB) announced it will lower its prime lending rate
to 3.25 percent from 4.00 percent, effective after the close of business
today, Dec. 16, 2008, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on
October 29, 2008, when it was decreased 50 basis points to 4.00 percent
from 4.50 percent.
Minneapolis-based U.S. Bancorp, with $247 billion in assets as of
September 30, 2008, is the parent company of U.S. Bank National
Association, the 6th largest commercial bank in the United States as of
that date. The company operates 2,769 banking offices and 5,159 ATMs in
24 states, 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