Park Ryan Inc. was a municipal bond firm on Wall Street, founded in 1953 by Darragh A.
[1] The firm, based at 70 Pine Street (the American International Building) specialized in government tax-exempt bonds, and later in sinking fund financing.
[citation needed] Park, Ryan participated in numerous syndicates for bond offerings led by large investment banks such as Goldman Sachs, Merrill Lynch, and Dillon, Read & Co., occupying a secondary position alongside such firms as Roosevelt & Cross, Kean, Taylor & Co., and G.H.
[4] After Darragh Park's death in 1973,[5] Leonard J. Collins succeeded as Chairman of the firm.
[6] Collins decided to close and liquidate Park, Ryan in 1979 in response to declines in the bond market caused by the Federal Reserve's tighter monetary policy.