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The Honolulu Advertiser

Updated at 3:49 p.m., Wednesday, October 31, 2007

Bank of Hawaii, First Hawaiian lower lending rate

Advertiser Staff

Bank of Hawaii and First Hawaiian Bank said they are lowering their prime rate to 7.50 percent from 7.75 percent.

The action follows a decision by the Federal Reserve to lower the federal funds rate by one-quarter of a point.