U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 8.25 percent from 8.00 percent, at all U.S. Bank locations. The reference rate at all Union Bank locations will also increase to 8.25 percent from 8.00 percent. These changes are effective tomorrow, May 4, 2023.
About U.S. Bancorp:
U.S. Bancorp, with approximately 77,000 employees and $682 billion in assets as of March 31, 2022, is the parent company of U.S. Bank National Association.
