Chemical Bank New York Trust Co.
| Company Deal | Chemical Bank New York Trust Company: $52,783,000 5% convertible capital notes due 1993 |
|---|---|
| Transaction Type | Convertible Capital Notes |
| Deal Description | Chemical Bank New York Trust Company used the proceeds from this transaction to increase its capital funds. The bank's Board of Directors judged that, with continued confidence in the strength of the economy, additional capital funds would better enable the bank to maintain and to augment the scope of its services, to meet the requirements of its existing customers, and to attract new customers. |