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FIRST UNION LOWERS PRIME TO 7.5 PERCENT IN NORTH CAROLINA

    FIRST UNION LOWERS PRIME TO 7.5 PERCENT IN NORTH CAROLINA
    CHARLOTTE, N.C., Nov. 6 /PRNewswire/ -- First Union National Bank of North Carolina has lowered its prime interest rate from 8 percent to 7.5 percent, effective today.
    Today's prime rate change is the fifth for 1991. The prime rate last changed from 8 1/2 percent to 8 percent on Sept. 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 North Carolina is a principal subsidiary of Charlotte-based First Union Corporation (NYSE: FTU FTUpr) and has 270 offices in more than 140 North Carolina communities.
    -0-                    11/6/91
    /CONTACT:  Media Contact: Sandy Deem, First Union Corporation, 704-374-2710/
    (FTU FTUpr) CO:  First Union Corporation ST:  North Carolina IN:  FIN SU: DF -- CH007 -- 1750 11/06/91 13:15 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:147
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