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FIRST UNION LOWERS PRIME TO 7 1/2 PERCENT IN GEORGIA

 FIRST UNION LOWERS PRIME TO 7 1/2 PERCENT IN GEORGIA
 ATLANTA, Ga., Nov. 6 /PRNewswire/ -- First Union National Bank of


Georgia has lowered its prime interest rate from 8 to 7 1/2 percent. The change is effective Thursday, November 7.
 This prime rate change is the fifth for 1991. The prime rate last changed from 8 1/2 to 8 percent on September 17, 1991. The prime rate is a benchmark used to set interest on various forms of corporate and consumer credit.
 With 119 banking offices, First Union National Bank of Georgia is a principal subsidiary of Charlotte, N.C.-based First Union Corporation (NYSE: FTU FTUpr). First Union reported assets of $49.0 billion as of September 30, 1991 and operated 1,062 banking offices in North Carolina, South Carolina, Georgia, and Florida, one office in Tennessee, and 274 non-banking offices in 36 states.
 -0- 11/6/91
 /CONTACT: Media Contact: Donna Stockton, First Union Corporation, 704-374-6999/
 (FTU) CO: First Union Corporation ST: Georgia IN: FIN SU: DF -- CH014 -- 1846 11/06/91 15:47 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 6, 1991
Words:180
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