Printer Friendly

HARRIS TRUST AND SAVINGS BANK LOWERS PRIME LENDING RATE

 CHICAGO, Sept. 17 /PRNewswire/ -- Harris Trust and Savings Bank and its community banks today announced lowering of the prime lending rate from 6.0 percent to 5.75 percent effective today.
 This brings the Harris prime to its lowest rate since 1972.
 Donald S. Hunt, president and chief operating officer of Harris, cited "lower costs of funds and a desire to pass the benefit on to our customers" as reasons for the cut.
 -0- 9/17/93
 /CONTACT: Mary Ullrich of Harris Bank, 312-461-6905/


CO: Harris Trust and Savings Bank ST: Illinois IN: FIN SU:

WB -- NY011 -- 3020 09/17/93 10:54 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 17, 1993
Words:104
Previous Article:/C O R R E C T I O N -- DUFF & PHELPS VALCOR RATING/
Next Article:SACRAMENTO MUNICIPAL UTILITY DISTRICT (CALIF.) $144 MILLION BONDS RATED 'A-' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters