Printer Friendly

1ST SOURCE BANK TO REDEEM CAPITAL NOTES DUE IN YEAR 2000

 1ST SOURCE BANK TO REDEEM CAPITAL NOTES DUE IN YEAR 2000
 SOUTH BEND, Ind., Sept. 15 /PRNewswire/ -- 1st Source Bank,


(formerly First Bank & Trust Company of South Bend), the major subsidiary of 1st Source Corporation (NASDAQ-NMS: SRCE), has announced that on Oct. 23, 1992, it is redeeming its bank capital notes maturing in 2000 totaling $1 million. The interest rate on the notes is 9.4 percent.
 Ernestine M. Raclin, chairman of the board, and Christopher J. Murphy III, president, said 1st Source Bank will pay each noteholder 100 percent of par value, plus interest and a redemption premium. The redemption premium will be 2.4 percent.
 Noteholders will receive interest to the date of redemption. The redemption was authorized by the 1st Source Bank board of directors on July 21, 1992.
 In addition to 1st Source Bank, 1st Source Corporation has four other subsidiaries: 1st Source Capital Corporation, 1st Source Bank of Starke County, 1st Source Leasing, and 1st Source Insurance.
 -0- 9/15/92
 /CONTACT: Linda Krzyzaniak of 1st Source Corporation, 219-235-2643/
 (SRCE) CO: 1st Source Bank; 1st Source Corporation ST: Indiana IN: FIN SU:


ML -- DE014 -- 9592 09/15/92 11:28 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 15, 1992
Words:196
Previous Article:SKYWEST AIRLINES OUTDOES ITSELF WITH AUGUST PERFORMANCE
Next Article:JACO ELECTRONICS ANNOUNCES YEAR END AND FOURTH QUARTER RESULTS
Topics:


Related Articles
FRANKLIN BANK PLANS TO REDEEM 12 PERCENT SUBORDINATED NOTES -- ISSUE NEW SECURITIES
ADVANTA NATIONAL BANK BANK-NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
MBNA Corporation Preferred Stock Rated 'A-' by Fitch -- Fitch Financial Wire --
Carrollton Bancorp Reports First Quarter Earnings & Increased Quarterly Dividend.
Global Structured Finance New Ratings.
Carrollton Bancorp Reports Second Quarter Earnings & Quarterly Dividend.
Franklin Bank to Redeem 8.5% Subordinated Notes.
Banco Bradesco Reports Strategic Highlights for the 2nd Quarter of 2001.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters