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Summit Financial Group Announces Completion of $30.0 Million Issuance of Subordinated Debt

  • Posted: 09/23/2020
  • Jennifer Lian
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Company Release – 09/23/2020 13:25 Summit Financial Group Announces Completion of $30.0 Million Issuance of Subordinated Debt MOOREFIELD, W. Va., Sept. 23, 2020 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today announced the completion of a private placement of $30 million of its 5.00% Fixed to Floating Rate Subordinated Notes due 2030 (the “Notes”) to certain qualified institutional buyers and accredited CONTINUE READING >>

SouthCrest Bank Agrees to Strategic In Market Branch Acquisition

  • Posted: 09/11/2020
  • Jennifer Lian
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Company Release – 09/11/2020 07:00 ATLANTA, Sept. 11, 2020 (GLOBE NEWSWIRE) — SouthCrest Financial Group (SCSG:PK), the holding company for SouthCrest Bank, N.A., announced an agreement to acquire the Thomaston branch of Colony Bank.  CEO Brian D. Schmitt stated “We are extremely excited to be adding to our position as the leading bank in Thomaston and Upson County.  We look forward to giving the same great service to our new customers that 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 >>

Southern National Bancorp of Virginia, Inc. Announces Closing of Subordinated Notes Offering

  • Posted: 08/25/2020
  • Jennifer Lian
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MCLEAN, Va., Aug. 25, 2020 /PRNewswire/ — Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) (the “Company”) the parent company of Sonabank, today announced that it had completed its previously announced underwritten offering and sale of its $60.0 million aggregate principal amount of 5.40% Fixed-to-Floating Rate Subordinated Notes due 2030. The Company expects to use the net proceeds of the offering for general corporate purposes, which CONTINUE READING >>