Northpointe Bancshares, Inc. Closes Non-Cumulative Perpetual Preferred Stock Offering

  • Posted 12/30/2020
  • Jennifer Lian
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GRAND RAPIDS, Mich., December 30, 2020 (Newswire.com) – Northpointe Bancshares, Inc. (“Northpointe”), parent company of Northpointe Bank, announced today that it has completed a private placement of 3,800,000 depositary shares, each representing a 1/40th interest in a share of its 8.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, to certain qualified institutional buyers and accredited investors. Each preferred share has a liquidation CONTINUE READING >>

CFBank And Consumers National Bank Enter Into Agreement For Consumers To Purchase CFBank’s Two Columbiana County, Ohio Branches

  • Posted 12/29/2020
  • Jennifer Lian
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WORTHINGTON, Ohio and MINERVA, Ohio, Dec. 29, 2020 /PRNewswire/ — CFBank, National Association (“CFBank”) and Consumers National Bank (“Consumers”) have announced the signing of a branch purchase and assumption agreement pursuant to which Consumers will acquire the Wellsville, Ohio drive-up branch and the Calcutta, Ohio branch of CFBank. The purchase and assumption agreement provides for the transfer by CFBank to Consumers of the land, buildings and other associated assets of CONTINUE READING >>

Pathfinder Bancorp, Inc. Announces Completion of $25 Million Private Placement of Subordinated Notes

  • Posted 10/15/2020
  • Jennifer Lian
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OSWEGO, N.Y., Oct. 14, 2020 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc. (“Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), today announced the completion of its private placement of $25 million of its 5.50% Fixed to Floating Rate Subordinated Notes (the “Notes”) to certain qualified institutional buyers and accredited institutional investors. The Notes will have a maturity date of CONTINUE READING >>

Bank of Idaho Holding completes private placement of subordinated notes due 2030

  • Posted 08/25/2020
  • Jennifer Lian
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Copyright © 2020, SNL Financial By  Abdullah KhanMarket Intelligence ADD TOCREATE ALERTEMAILPRINTPDFFEEDBACK + – Bank of Idaho Holding Co. completed a private placement of $10.0 million in aggregate principal amount of fixed- to floating-rate subordinated notes due Aug. 31, 2030. The notes will initially bear a fixed interest rate of 5.75% per year until Sept. 15, 2025. For the remainder of the term, until maturity CONTINUE READING >>