The Israel Discount Bank, one of Israel’s leading financial institutions, reported today the successful sale in the United States of 300,000 shares of stock at $12.25 per share.
The bank also reported that $4,000,000 in capital notes maturing in 1979 and bearing 5.5 per cent interest were privately placed with two major American insurance companies. The bank’s three-year old New York branch has already begun contributing to the bank’s earnings and to its total resources, the report stated.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
