FIRST UNION LOWERS PRIME TO 7 1/2 PERCENT IN SOUTH CAROLINA
FIRST UNION LOWERS PRIME
TO 7 1/2 PERCENT IN SOUTH CAROLINA
GREENVILLE, S.C., Nov. 6 /PRNewswire/ -- First Union National Bank of South Carolina has lowered its prime interest rate from 8 to 7 1/2 percent, effective today.
Today's prime rate change is the fifth for 1991. The prime rate last changed from 8 1/2 to 8 percent on September 16, 1991. The prime rate is a benchmark used to set interest on various forms of corporate and consumer credit.
First Union National Bank of South Carolina is based in Greenville and operates 55 banking offices in more than 32 communities across the state.
/CONTACT: (Media) Donna Stockton of First Union Corporation, 704-374-6999/
(FTU) CO: First Union National Bank of South Carolina ST: South Carolina IN: FIN SU: CM -- CH012 -- 1815 11/06/91 14:56 EST