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U.S. Bancorp raises prime lending rate to 7.00%

September 16, 2026 5:31 PM EDT

U.S. Bancorp (NYSE: USB) announced it is raising its prime lending rate to 7.00% from 6.75%, effective September 17, 2026, at all U.S. Bank locations.

The Minneapolis-based bank holding company is the parent of U.S. Bank National Association. The announcement was made in a press release issued by the company.



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