ROYAL OAK, Mich. -- Citing favorable rate spreads, National Bank of Royal Oak has lowered its prime lending rate to 6% from 6.5%.

The unit of Royal Bank Group Inc., which has $183 million in assets, has at times changed its prime ahead of moves by larger institutions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.