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MICHIGAN NATIONAL CORP. LOWERS PRIME RATE

 MICHIGAN NATIONAL CORP. LOWERS PRIME RATE
 FARMINGTON HILLS, Mich., July 2 /PRNewswire/ -- Michigan National


Corp. (NASDAQ-NMS: MNCO) announced today that it has lowered the Michigan National Bank prime rate from 6.5 percent to 6.0 percent effective today, Thursday, July 2.
 Michigan National Corp. is a diversified financial services corporation with total assets of $10.9 billion. It is a bank holding company and a savings and loan holding company.
 Michigan National Corp.'s principal subsidiary, Michigan National Bank, has approximately 190 branches throughout Michigan. Michigan National Corp. has its headquarters in Farmington Hills.
 -0- 7/2/92
 /CONTACT: Ariadne Magoulias of Michigan National Corp., 313-473-3428/
 (MNCO) CO: Michigan National Corp. ST: Michigan IN: FIN SU:


JG -- DE027 -- 6270 07/02/92 15:17 EDT
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Publication:PR Newswire
Date:Jul 2, 1992
Words:126
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