$20 million of JeffBanks Inc. subordinated notes issued at 8.75%.PHILADELPHIA--(BUSINESS WIRE)--March 21, 1996--A subordinated note offering with a coupon of 8.75% in the amount of $20 million for JeffBanks Inc. became effective March 20, 1996, announced Betsy Z. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , chairman and chief executive officer of Philadelphia-based JeffBanks Inc. JeffBanks Inc. subordinated notes are scheduled to begin trading Monday, March 25, 1996, on the Philadelphia Stock Exchange Philadelphia Stock Exchange (PHLX) A securities exchange trading American and European foreign currency options on spot exchange rates. under the symbol, "JFF JFF Institut für Medienpädagogik in Forschung Und Praxis (formerly: Institut Jugend Film Fernsehen) JFF Just For Fun JFF Jpeg File Format .A." The underwriter for the offering was Alex. Brown & Sons Inc. The subordinated notes are due in 2006 and will be callable by JBI in 2001 at par. The offering will provide additional capital for JBI and its subsidiary banks, Jefferson Bank and Jefferson Bank New Jersey. Both subsidiaries are FDIC-insured commercial banks, together serving the Greater Philadelphia region with 26 locations. Total assets for JBI at 12/31/95 were $936 million. CONTACT: JeffBanks Inc., Philadelphia Paul Frenkiel, CFO See Chief Financial Officer. , 610/269-6500, ext. 330 |
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