MINNEAPOLIS, Feb 2, 2005 (BUSINESS WIRE) -- U.S. Bancorp
(NYSE:USB) announced it has raised its prime lending rate to 5.50
percent from 5.25 percent, effective today, Wednesday, Feb.2, 2005, at
all U.S. Bank locations.
U.S. Bancorp last announced a change in its prime lending rate on
Dec. 14, 2004, when it was increased 25 basis points to 5.25 percent.
U.S. Bancorp, with $195 billion in assets, is the 6th largest bank
holding company in the United States. The company operates 2,370
banking offices and 4,620 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 in which the company pays customers if certain key banking
benefits and services are not met. U.S. Bancorp is the parent company
of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.
SOURCE: U.S. Bancorp
Steve Dale (Media), (612) 303-0784
H. D. McCullough (Analysts), (612) 303-0786
Judy Murphy (Analysts), (612) 303-0783