BankPacific lowers prime rate to 5 percent
For the seventh time since September 2007, BankPacific has reduced its prime rate, this time to 5 percent, the lowest it has been in nearly four years.
For the seventh time since September 2007, BankPacific has reduced its prime rate, this time to 5 percent, the lowest it has been in nearly four years.
“This is very good news for borrowers. While the U.S. mainland is dangerously close to a recession, many in our region are looking at new opportunities and a lower cost of money can only help those individuals and businesses,” said Philip Flores, BankPacific CEO.[B][I] (PR)[/I][/B]
