U.S. Bank Raises Prime Lending Rate to 3.75 Percent from 3.50 Percent Effective December 15, 2016

MINNEAPOLIS–(BUSINESS WIRE)–U.S. Bancorp (NYSE:USB) announced it has raised its prime lending rate
to 3.75 percent from 3.50 percent, effective tomorrow, December 15,
2016, at all U.S. Bank locations.

U.S. Bancorp last announced a change in its prime lending rate on
December 16, 2015, when it was increased 25 basis points to 3.50 percent.

Minneapolis-based U.S. Bancorp (NYSE: USB), with $454 billion in assets
as of September 30, 2016, is the parent company of U.S. Bank National
Association, the fifth largest commercial bank in the United States. The
Company operates 3,114 banking offices in 25 states and 4,875 ATMs, and
provides a comprehensive line of banking, investment, mortgage, trust
and payment services products to consumers, businesses and institutions.
Visit U.S. Bancorp on the web at www.usbank.com.

Contacts

U.S. Bank Corporate Communications
Dana Ripley, 612-303-3167
dana.ripley@usbank.com
Twitter
@usbank_news