BankPacific lowers rate to 4 percent

Posted on Oct 30 2008

Following the Federal Reserve Systems’ move early yesterday morning Guam time, BankPacific announced it is lowering its prime rate to 4 percent.

“This news, though anticipated, was very good to wake up to this morning. We want to immediately pass the rate break on to our clients. Unlike many banks stateside, we are actively lending money to small businesses and now we can do so at even lower rates,” said Philip Flores, BankPacific president.

BankPacific has been serving the region since 1954 and has a five-star rating from Bauer Financial Corporation and an “A” rating from Lace Financial Corporation, both of which are the highest ratings available. [B][I](BankPacific)[/I][/B]

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