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MICHIGAN NATIONAL CORP. LOWERS PRIME RATE

 MICHIGAN NATIONAL CORP. LOWERS PRIME RATE
 FARMINGTON HILLS, Mich., Dec. 20 /PRNewswire/ -- Michigan National


Corp. (NASDAQ-NMS: MNCO) announced today that it has lowered the Michigan National Bank prime rate from 7.5 percent to 6.5 percent effective Monday, Dec. 23, 1991.
 Michigan National Corp. is a diversified financial services corporation with total assets of $10.5 billion. It is a bank holding company and a savings and loan holding company.
 Michigan National Corporation's principal subsidiary, Michigan National Bank, has approximately 200 branches throughout Michigan and operates the state's largest automated teller machine network. Michigan National Corporation has its headquarters in Farmington Hills.
 -0- 12/20/91
 /CONTACT: Ariadne Magoulias of Michigan National Corp., 313-473-3428/
 (MNCO) CO: Michigan National Corporation; Michigan National Bank ST: Michigan IN: FIN SU:


SM -- DE009 -- 4303 12/20/91 11:06 EST
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Publication:PR Newswire
Date:Dec 20, 1991
Words:137
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