BankBoston raises base lending rate.BOSTON--(BUSINESS WIRE)--March 26, 1997--BankBoston (NYSE NYSE See: New York Stock Exchange : BKB BKB Basler Kantonalbank (Switzerland) BKB Black King Bar (gaming weapon) BKB BV Kwaliteitsverklaringen Bouw (Dutch) BKB BankBoston Corporation ) today announced a one-quarter point increase in its base lending rate to 8.50 percent, effective March 26, 1997. BankBoston (NYSE: BKB), with assets of $62.3 billion as of Dec. 31, 1996, was founded in 1784 and is the 15th-largest bank holding company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . BankBoston is engaged primarily in consumer banking in southern New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , providing financing and capital markets services to selected corporations regionally, nationally and internationally, and full-service banking in key Latin American markets. The corporation and its subsidiaries operate through a network of 650 offices in the United States and through more than 100 offices in 23 countries in Latin America, Europe and Asia, the third-largest overseas network of any U.S. bank. The corporation's common and preferred stocks are listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Boston stock exchanges. CONTACT: BankBoston Kristen Habermann 617/434-6883 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion