ST. LOUIS -- Boatmen's Bancshares Inc. on Wednesday announced a $2 billion note program for eight of its largest bank subsidiaries.
The Banks Involved
Standard & Poor's Corp. assigned a A-Plus/A-1 rating to the notes, which have a minimum size of $250,000 and maturities from 30 days to 15 years.
The participating banks include:
The Boatmen's National Bank of St. Louis; Boatmen's Credit Card Bank; Boatmen's First National Bank of Kansas City; Sunwest Bank of Albuquerque; Boatmen's Bank of Southern Missouri; Boatmen's First National Bank of Amarillo; Boatmen's Bank of Tennessee; and Boatmen's Bank of Iowa.
Boatmen's chief financial officer, James Kienker, noting an increase in loan applications, said the proceeds would be used for ordinary banking business.