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BOG Prime Rate Changed in July     16-Oct-09 12:47 pm    
Not sure how anecdotal data like this impacts a share price, but my LLC has had a LOC with BOG for three years. It is well collateralized (LTV < 20%), auto-drafted and personally guaranteed by all of the partners. The contract interest rate was BOG Prime Rate which until July 20, 2009 was also the Prime Rate published in the Wall Street Journal. In July, BOG's Prime Rate went from 3.25 to 4.5. For $4,000 a year in additional interest expense, my loyalty to the local BOG branch will have to take a back seat to financial forces. I am changing banks. :(
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perigee98

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BOG Prime Rate Changed in July
perigee98 Not rated 16-Oct-09 12:47 pm  
 
Just what GRAN needs, a great asset leaving the ba...
topsail76 Rate it 16-Oct-09 07:29 pm  
 
I can't imagine that you will find any difficulty ...
toadear Rate it 19-Oct-09 01:22 pm  
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Bank of Granite Corporation (GRAN)

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