Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Chemical Bank New York Trust Co. Deal - Lehman Brothers Collection

Chemical Bank New York Trust Co.

Company DealChemical Bank New York Trust Company: $52,783,000 5% convertible capital notes due 1993
Transaction TypeConvertible Capital Notes
Deal DescriptionChemical 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.
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