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SOCIETY NATIONAL BANK LOWERS PRIME RATE TO 6.5 PERCENT

 SOCIETY NATIONAL BANK LOWERS PRIME RATE TO 6.5 PERCENT
 CLEVELAND, Dec. 23 /PRNewswire/ -- Society National Bank lowered


its prime rate to 6.5 percent from 7.5 percent, effective today.
 Society National Bank is an affiliate of Society Corporation (NASDAQ: SOCI), one of the largest bank holding companies in the Midwest, with $15.4 billion in assets at Sept. 30, 1991. The holding company has 350 offices in Ohio, Michigan, Indiana and Florida, including more than 100 in northeast Ohio. Through its affiliates, Society engages in commercial banking, consumer banking, mortgage banking and leasing, and provides trust and investment banking services. On Sept. 13, 1991, Society Corporation and Ameritrust Corporation jointly announced a definitive agreement for the merger of Ameritrust into Society, creating a $26 billion bank holding company. The combination, which is subject to shareholder and regulatory approval, is expected to be completed in the first quarter of 1992.
 -0- 12/23/91
 /CONTACT: John Fuller of Society Corporation, 216-689-8140/
 (SOCI) CO: Society Corporation ST: Ohio IN: FIN SU:


KK -- CL011 -- 4818 12/23/91 11:59 EST
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Publication:PR Newswire
Date:Dec 23, 1991
Words:180
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