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 Minneapoli