U.S. Bancorp Raises Prime Lending Rate

    Business Editors

    MINNEAPOLIS--(BUSINESS WIRE)--May 3, 2005--U.S. Bancorp (NYSE:USB) announced it has raised its prime lending rate to 6.00 percent from 5.75 percent, effective today, Tuesday, May 3, 2005, at all U.S. Bank locations.
    U.S. Bancorp last announced a change in its prime lending rate on March 22, 2005, when it was increased 25 basis points to 5.75 percent.
    U.S. Bancorp, with $198 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,377 banking offices and 4,654 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. U.S. Bancorp is home of the Five Star Service Guarantee in which the company pays customers if certain key banking benefits and services are not met. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.

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CONTACT: U.S. Bancorp Steve Dale (Media), 612-303-0784 H. D. McCullough (Analysts), 612-303-0786 Judy Murphy (Analysts), 612-303-0783

KEYWORD: MINNESOTA INDUSTRY KEYWORD: BANKING SOURCE: U.S. Bancorp

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