EAB Lowers Prime Rate

Apr 19, 2001, 01:00 ET from EAB

    UNIONDALE, N.Y., April 19 /PRNewswire/ -- EAB has lowered its prime rate,
 effective April 19, 2001, from 8.0% to 7.5%.
 
                  COMMERCIAL LENDING RATES CURRENTLY IN EFFECT
 
     EAB Prime Rate               7.5%                Effective from 4/19/01
 
     X New York State Usury        16%                Effective since 12/1/80
     X Federal Usury
     (whichever is higher)
 
     New York Federal Reserve     4.0%                Effective since 4/18/01
      Bank Discount Rate
 
     Please direct all questions about these rates to Commercial Loan
 Management Information Support Group at 516-296-6696.
 
 

SOURCE EAB
    UNIONDALE, N.Y., April 19 /PRNewswire/ -- EAB has lowered its prime rate,
 effective April 19, 2001, from 8.0% to 7.5%.
 
                  COMMERCIAL LENDING RATES CURRENTLY IN EFFECT
 
     EAB Prime Rate               7.5%                Effective from 4/19/01
 
     X New York State Usury        16%                Effective since 12/1/80
     X Federal Usury
     (whichever is higher)
 
     New York Federal Reserve     4.0%                Effective since 4/18/01
      Bank Discount Rate
 
     Please direct all questions about these rates to Commercial Loan
 Management Information Support Group at 516-296-6696.
 
 SOURCE  EAB