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MANCHESTER, N.H. — As incentives for businesses and home seekers to participate in a multimillion dollar neighborhood revitalization project, St. Mary’s Bank, the nation’s oldest credit union, has dropped its commercial loan rates and raised its lending threshold.

The $656 million credit union said it has dropped its commercial loan interest rate by one percentage point to 4.99% and raised the maximum loan amount available at the discounted rate from $100,000 to $250,000. For loans over $250,000, interest rates will be blended with market rates, according to St. Mary’s Bank.

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