Printer Friendly

CRESTAR TO REDEEM DEBENTURES

 RICHMOND, Va., Aug. 27 /PRNewswire/ -- Crestar Financial Corporation (NYSE: CF) today announced that on Sept. 30, 1993, it will redeem all outstanding 7-3/4 percent debentures with a stated maturity of Sept. 15, 1997.
 The redemption price will be 100 percent of the principal amount, plus accrued interest from Sept. 15, 1993, to the date of redemption.
 Crestar Financial Corporation is the holding company for three banks with 308 banking offices in Virginia, Maryland and the District of Columbia. Other subsidiaries provide insurance, securities sales and service, mortgage banking and investment advisory services. At June 30, 1993, Crestar had total assets of $13.2 billion and total deposits of $10 billion. Equity capital of $1.1 billion represented 8.05 percent of total assets.
 -0- 8/27/93
 /CONTACT: Eugene S. Putnam Jr., investor relations, Crestar Financial Corporation, 804-782-5619/
 (CF)


CO: Crestar Financial Corporation ST: Virginia IN: FIN SU:

DC-MH -- DC020 -- 6645 08/27/93 13:15 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 27, 1993
Words:158
Previous Article:USA GROUP APPLAUDS PROGRESS ON DEFAULTS; NATION'S LARGEST GUARANTOR WARNS THAT DEFAULTS WILL RISE UNDER DIRECT LENDING
Next Article:APPEALS COURT VINDICATES RAFI KHAN'S POSITION
Topics:

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