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AmSouth Cuts Prime Lending Rate to 4.25 Percent.


Business Editors

BIRMINGHAM, Ala ALA aminolevulinic acid.
Ala alanine.
ala (a´lah) pl. a´lae   [L.] a winglike process.
.--(BUSINESS WIRE)--Nov. 6, 2002

AmSouth Bank (NYSE NYSE

See: New York Stock Exchange
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) announced today that it is lowering its prime interest rate to 4.25 percent from 4.75 percent, effective Thursday, Nov. 7, 2002. The prime rate is the benchmark for many types of commercial and consumer loans and lines of credit.

About AmSouth

AmSouth is a regional bank holding company headquartered in Birmingham with $40 billion in assets, 600 branch banking offices and more than 1,200 ATMs. AmSouth operates in Tennessee, Alabama, Florida, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
  • Control secondary market, offer the ability to up-grade and trade-in.
  • Converts cash buyers of small machines to larger, more expensive purchases.
, annuity and mutual fund sales, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.
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Publication:Business Wire
Date:Nov 6, 2002
Words:147
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