U.S. Bancorp Lowers Prime Lending Rate

U.S. Bancorp (NYSE: USB) announced it will lower its prime lending rate to 5.00 percent from 5.25 percent, effective after the close of business today, April 30, 2008, at all U.S. Bank locations. U.S. Bancorp last announced a change in its prime lending rate on March 18, 2008, when it was decreased 75 basis points to 5.25 percent from 6.00 percent. U.S. Bancorp, with $242 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,522 banking offices and 4,844 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.