FirstMerit Corporation News
FirstMerit Corporation Lowers Prime Rate to 5.25 Percent
AKRON, Ohio, March 18 PRNewswire-FirstCall — FirstMerit Corporation (Nasdaq: FMER) announced, on behalf of its subsidiary banks, it has lowered its prime rate from 6.00 percent to 5.25 percent, effective March 18, 2008. The rate was last changed on January 30, 2008 when FirstMerit lowered its prime rate from 6.50 percent to 6.00 percent.
About FirstMerit Corporation
FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of $10.4 billion as of December 31, 2007 and 160 banking offices and 176 ATMs in 25 Ohio and Western Pennsylvania counties. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal wholly-owned subsidiaries include: FirstMerit Bank, N.A., FirstMerit Mortgage Corporation, FirstMerit Title Agency, Ltd., and FirstMerit Community Development Corporation.
Analysts/Media Contact: Thomas P. O'Malley (330) 384-7109
SOURCE FirstMerit Corporation
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