U.S. Bank Decreases Prime Lending Rate to 8.00 Percent

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) announced it has decreased its prime lending rate to 8.00 percent from 8.50 percent, effective tomorrow, September 19, 2024, at all U.S. Bank locations.

About U.S. Bancorp:

U.S. Bancorp, with more than 70,000 employees and $680 billion in assets as of June 30, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.

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Investor contact:

George Andersen, Director of Investor Relations, U.S. Bancorp Investor Relations – george.andersen@usbank.com

Media contact:

Jeff Shelman, U.S. Bancorp Public Affairs and Communications – jeffrey.shelman@usbank.com

Source: U.S. Bancorp

FAQ

What is U.S. Bancorp's new prime lending rate as of September 19, 2024?

U.S. Bancorp's new prime lending rate will be 8.00% effective September 19, 2024.

How much did U.S. Bancorp (USB) decrease its prime lending rate?

U.S. Bancorp decreased its prime lending rate by 0.50 percentage points, from 8.50% to 8.00%.

When will U.S. Bancorp's (USB) new prime lending rate take effect?

The new prime lending rate of 8.00% will take effect on September 19, 2024.

Where will U.S. Bancorp's (USB) new prime lending rate be applied?

The new prime lending rate will be applied at all U.S. Bank locations.