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FOR IMMEDIATE RELEASE
Analysts/Media Contact:
Thomas P. O’Malley
(330) 384-7109
FirstMerit Corporation Lowers Prime Rate to 5.00 Percent
AKRON, Ohio, April 30, 2008 - FirstMerit Corporation
(Nasdaq: FMER) announced, on behalf of its subsidiary banks, it has lowered
its prime rate from 5.25 percent to 5.00 percent, effective April 30, 2008.
The rate was last changed on March 18, 2008 when FirstMerit lowered its prime
rate from 6.00 percent to 5.25 percent.
ABOUT FIRSTMERIT CORPORATION
FirstMerit
Corporation is a diversified financial services company headquartered
in Akron, Ohio, with assets of $10.4 billion as of December 31, 2007
and 160 banking offices and 176 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.
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