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Savings rates rise at First National Bank of Middletown
The First National Bank of Middletown announces higher savings rates after Federal Reserve action. President Robert Q. Millan cites disintermediation as the cause and says passbook rates rise to 4.5 percent and savings accounts with three month maturities to 5 percent.
MENTIONED IN THIS ARTICLE
First National
First National Bank of
Middletown
Robert Q. Millan
Federal Reserve Board
Millan