BankPacific lowers prime rate to 5 percent

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Posted on May 01 2008
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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]

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