U.S. BANK INCREASES PRIME LENDING RATE TO 3.50 PERCENT
U.S. Bancorp announced it has increased its prime lending rate to 3.50 percent from 3.25 percent, effective tomorrow, March 17, 2022, at all U.S. Bank locations. U.S. Bancorp, with nearly 70,000 employees and $573 billion in assets as of December 31, 2021, 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.
