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.
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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.
