LIBOR Transition
LIBOR is an index used to determine the interest rate on some adjustable rate loans. Regulators have determined that LIBOR has become unreliable. LIBOR will cease on June 30, 2023. This will affect all loans and financial products that use LIBOR to determine interest rate.
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Willard M. Miley
President and Chief Operating Officer (COO)
Robert J. Granata
Chairman and Chief Executive Officer (CEO)
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