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MIDLANTIC NATIONAL BANK OFFERS STORM DAMAGE LOAN PACKAGE

 EDISON, N.J., Dec. 21 /PRNewswire/ -- Midlantic National Bank today announced the availability of a special loan package for New Jersey residents who suffered damage during the storm on Dec. 11 and 12.
 The loan package applies to both homeowners and non-homeowners.
 New Jersey residents who provide proof of damage can apply for loans of $2,500 to $10,000 with terms up to five years. For Midlantic customers, the interest rate is 7.75 percent if payments are automatically debited from a Midlantic National Bank checking account. For non-customers, the interest rate is 8.25 percent. As part of this special package, loan approvals can be made in 24 hours.
 Midlantic's storm damage loan program will be available through Jan. 15, 1993. Information about the program is available at all Midlantic National Bank offices in New Jersey.
 Midlantic National Bank, headquartered in Edison, provides a full range of retail and commercial banking services through a network of 271 branches statewide.
 /delval/
 -0- 12/21/92
 /CONTACT: Ray Desiderio for Midlantic National Bank, 215-278-4260/


CO: Midlantic National Bank ST: New Jersey IN: FIN SU:

MJ-CC -- PH037 -- 8919 12/21/92 17:24 EST
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Publication:PR Newswire
Date:Dec 21, 1992
Words:193
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