Marine Midland Banks Inc is offering125 mln dlrs of subordinated capital notes due 1997 yielding
8.66 pct, said lead manager First Boston Corp.
    The notes have an 8-5/8 pct coupon and were priced at 99.80
to yield 145 basis points more than comparable Treasury
securities.
    Non-callable to maturity, the issue is rated A-3 by Moody's
and A by Standard and Poor's. Merrill Lynch and Salomon
Brothers co-managed the deal.
 Reuter
