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Little Banks Lowering Interest
AP reports Lincoln National Bank in Philadelphia, a five year old institution with deposits around 42.6 million, first cut its prime rate from 8.5 to 8 percent fueling calls, new accounts, and stock market gains as Norman Denny predicts rapid growth and aims for top 1,000 banks.
MENTIONED IN THIS ARTICLE
New York
United States
Lincoln National Bank
Lincoln
Denny
Des Plaines
Ill
Philadelphia
Big Brothers
American Banker