US Bank raises its key rate to 6.25% | national company

MINNEAPOLIS–(BUSINESS WIRE)–Sept. 21, 2022–

US Bancorp (NYSE: USB) announced that it has raised its prime rate from 5.50% to 6.25%, effective tomorrow, September 22, 2022, at all US bank branches.

About US Bancorp:

US Bancorp, with approximately 70,000 employees and $591 billion in assets as of June 30, 2022, is the parent company of the US Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diverse array of businesses: personal and business banking; payment services; Business and corporate banking services; and wealth management and investment services. The company has been recognized for its approach to digital innovation, social responsibility and customer service, including being named one of the 2022 World’s Most Ethical Companies and Fortune’s Most Admired Superregional Bank. Learn more about usbank.com/about.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220921005970/en/

CONTACT: Investor contact:

George Andersen, Director of Investor Relations, US Bancorp Investor Relations – 612.303.3620, [email protected] Contact:

Jeff Shelman, US Bancorp Public Affairs and Communications – 612.303.9933;[email protected]

KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA

SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: US Bancorp

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PUBLISHED: 09/21/2022 17:30 / DISK: 09/21/2022 17:32

http://www.businesswire.com/news/home/20220921005970/en

Copyright BusinessWire 2022.

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