U.s. bank increases prime lending rate to 4.00 percent

Minneapolis--(business wire)--u.s. bancorp (nyse: usb) announced it has increased its prime lending rate to 4.00 percent from 3.50 percent, effective tomorrow, may 5, 2022, at all u.s. bank locations. about u.s. bancorp: u.s. bancorp, with approximately 70,000 employees and $587 billion in assets as of march 31, 2022, is the parent company of u.s. bank national association. the minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of b
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