FirstMerit Corporation Lowers Prime Rate to 6.50 Percent
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AKRON, Ohio, Jan. 22 /PRNewswire-FirstCall/ -- FirstMerit Corporation
(Nasdaq: FMER) announced, on behalf of its subsidiary banks, it has lowered
its prime rate from 7.25 percent to 6.50 percent, effective January 22, 2008.
The rate was last changed on December 11, 2007 when FirstMerit lowered its
prime rate from 7.50 percent to 7.25 percent.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070920/CLTU138LOGO )
About FirstMerit Corporation
FirstMerit Corporation is a diversified financial services company
headquartered in Akron, Ohio, with assets of $10.4 billion as of December 31,
2007 and 160 banking offices and 176 ATMs in 25 Ohio and Western Pennsylvania
counties. FirstMerit provides a complete range of banking and other financial
services to consumers and businesses through its core operations. Principal
wholly-owned subsidiaries include: FirstMerit Bank, N.A., FirstMerit Mortgage
Corporation, FirstMerit Title Agency, Ltd., and FirstMerit Community
Development Corporation.
Analysts/Media Contact:
Thomas P. O'Malley
(330) 384-7109
SOURCE FirstMerit Corporation
Analysts-Media Thomas P. O'Malley of FirstMerit Corporation, +1-330-384-7109
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