Thursday October 1, 4:43 pm Eastern TimeCompany Press ReleaseStar Bank Lowers Prime Lending Rate to 8.25 Percent From 8.50 Percent
CINCINNATI--(BUSINESS WIRE)--Oct. 1, 1998--Star Banc Corporation
(NYSE:STB - news), the parent company of Star Bank, announced that it has
lowered its prime lending rate to 8.25 percent from 8.50 percent,
effective today.
The last change in Star Banc's prime lending rate was on
March 26, 1997, when it was increased to 8.50 percent from
8.25 percent.
Star Banc Corporation, a $17 billion multi-state bank holding
company is the parent company of Star Bank and operates
452 full-service banking locations in Ohio, Kentucky, Indiana and
Tennessee, in addition to Star Banc Finance, Inc., a consumer finance
company. Also, Star Bank offers a ``Five Star Service Guarantee'' which
assures customers of certain key banking benefits or Star will pay
customers for their inconvenience. Additionally, Star Bank was the
first bank in the U.S. to introduce ``24-Hour Remote Banking,'' a fully
integrated customer service and banking convenience package which
includes branch banking, voice-activated phone banking, PC banking,
super ATMs, video kiosk banking and Internet banking. Visit Star
Bank's web site at http://www.starbank.com. Star Bank was founded in
1863.
Contact:
Star Banc Corporation, Cincinnati
Steve Dale (Media), 513/632-4524
David Moffett (Analysts), 513/632-4008
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Thanks Tim and Anna!
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