U.S. Bancorp Lowers Prime Lending Rate

U.S. Bancorp (NYSE: USB) announced it will lower its prime lending rate to 3.25 percent from 4.00 percent, effective after the close of business today, Dec. 16, 2008, at all U.S. Bank locations.

U.S. Bancorp last announced a change in its prime lending rate on October 29, 2008, when it was decreased 50 basis points to 4.00 percent from 4.50 percent.

Minneapolis-based U.S. Bancorp, with $247 billion in assets as of September 30, 2008, is the parent company of U.S. Bank National Association, the 6th largest commercial bank in the United States as of that date. The company operates 2,769 banking offices and 5,159 ATMs in 24 states, 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.