MINNEAPOLIS--(BUSINESS WIRE)--Nov. 7, 2002--U.S. Bancorp
(NYSE:USB) announced it will lower its prime lending rate to
4.25 percent from 4.75 percent, effective after the close of business
today, Nov. 7, 2002, at all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on
Dec. 12, 2001, when it was lowered to 4.75 percent from 5.00 percent.
U.S. Bancorp, with assets in excess of $174 billion, is the 8th
largest financial services holding company in the United States. The
company operates 2,133 banking offices and 4,680 ATMs, and provides a
comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. U.S. Bancorp is home of the Five Star Service
Guarantee which assures customers of certain key banking benefits and
services or customers will be paid for their inconvenience. U.S.
Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the
web at usbank.com.
CONTACT: U.S. Bancorp
Steve Dale, 612/303-0784
Jennifer Wendt, 612/303-0731
INDUSTRY KEYWORD: BANKING
SOURCE: U.S. Bancorp
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