{"id":772922,"date":"2023-07-27T03:07:48","date_gmt":"2023-07-27T07:07:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-bank-increases-prime-lending-rate-to-8-50-percent\/"},"modified":"2023-07-27T03:07:48","modified_gmt":"2023-07-27T07:07:48","slug":"u-s-bank-increases-prime-lending-rate-to-8-50-percent","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-bank-increases-prime-lending-rate-to-8-50-percent\/","title":{"rendered":"U.S. Bank Increases Prime Lending Rate to 8.50 Percent"},"content":{"rendered":"

<\/p>\n

U.S. Bank Increases Prime Lending Rate to 8.50 Percent<\/b><\/p>\n

MINNEAPOLIS–(BUSINESS WIRE<\/a>)–
\nU.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 8.50 percent from 8.25 percent, effective tomorrow, July 27, 2023, at all U.S. Bank locations. The prime lending rate replaces the reference rate formerly used by MUFG Union Bank, National Association.<\/p>\n

About U.S. Bancorp:<\/b><\/p>\n

\nU.S. Bancorp, with approximately 77,000 employees and $681 billion in assets as of June 30, 2023, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. Union Bank, consisting primarily of retail banking branches on the West Coast, joined U.S. Bancorp in 2022. U.S. Bancorp has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2023 World\u2019s Most Ethical Companies and Fortune\u2019s most admired superregional bank. To learn more, please visit the U.S. Bancorp website at usbank.com and click on \u201cAbout Us\u201d.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230726579754\/en\/<\/a><\/span><\/p>\n

\nInvestor contact:
\n
George Andersen, Director of Investor Relations, U.S. Bancorp Investor Relations \u2013 612.303.3620, george.andersen@usbank.com<\/a><\/p>\n

\nMedia contact:
\n
Jeff Shelman, U.S. Bancorp Public Affairs and Communications \u2013 612.303.9933, jeffrey.shelman@usbank.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Minnesota<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

U.S. Bank Increases Prime Lending Rate to 8.50 Percent MINNEAPOLIS–(BUSINESS WIRE)– U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 8.50 percent from 8.25 percent, effective tomorrow, July 27, 2023, at all U.S. Bank locations. The prime lending rate replaces the reference rate formerly used by MUFG Union Bank, National Association. About U.S. Bancorp: U.S. Bancorp, with approximately 77,000 employees and $681 billion in assets as of June 30, 2023, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. Union Bank, consisting primarily … <\/p>\n

Continue reading “U.S. Bank Increases Prime Lending Rate to 8.50 Percent”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772922","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nU.S. Bank Increases Prime Lending Rate to 8.50 Percent - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-bank-increases-prime-lending-rate-to-8-50-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Bank Increases Prime Lending Rate to 8.50 Percent - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"U.S. Bank Increases Prime Lending Rate to 8.50 Percent MINNEAPOLIS–(BUSINESS WIRE)– U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 8.50 percent from 8.25 percent, effective tomorrow, July 27, 2023, at all U.S. Bank locations. The prime lending rate replaces the reference rate formerly used by MUFG Union Bank, National Association. About U.S. Bancorp: U.S. Bancorp, with approximately 77,000 employees and $681 billion in assets as of June 30, 2023, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. 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