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Nationwide bank lending drops in first quarter

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Commercial bank lending nationwide declined in the first quarter for the first time in seven quarters. Lending was down 0.89 percent in the first quarter of 2013, according to a report by Sterne Agee. It hasnt declined since the first quarter of 2011. The first-quarter lending levels of Kansas City-area commercial banks are not yet available, but the national trend probably will affect local ...

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