MINNEAPOLIS--(BUSINESS WIRE)--Aug. 10, 2004--U.S. Bancorp
(NYSE:USB) announced it has raised its prime lending rate to 4.50
percent from 4.25 percent, effective today, Tuesday, August 10, at all
U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on
June 30, 2004, when it was increased 25 basis points to 4.25 percent.
U.S. Bank is a subsidiary of Minneapolis-based U.S. Bancorp. With
assets of $190 billion, U.S. Bancorp is the 7th largest financial
services holding company in the United States. The company operates
2,315 banking offices and 4,565 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. 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. Visit U.S.
Bancorp on the web at usbank.com.
CONTACT: U.S. Bancorp
Steve Dale (Media), 612-303-0784
H. D. McCullough (Analysts), 612-303-0786
Judy Murphy (Analysts), 612-303-0783
SOURCE: U.S. Bancorp