AKRON, Ohio, Oct. 30 /PRNewswire-FirstCall/ -- FirstMerit Corporation
(Nasdaq: FMER) announced, on behalf of its subsidiary banks, it has lowered
its prime rate from 4.50 percent to 4.00 percent, effective October 30, 2008.
The rate was last changed on October 8, 2008 when FirstMerit lowered its prime
rate from 5.00 percent to 4.50 percent.
FirstMerit Corporation is a diversified financial services company
headquartered in Akron, Ohio, with assets of $10.7 billion as of September 30,
2008 and 158 banking offices and 182 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.
FirstMerit Corporation
Investor Relations Contact: Thomas O'Malley
Director Corporate Communications/Investor Relations Officer
Phone: 330.384.7109
