Powered by

Ohio-based SB Financial Group completes private placement of notes

May 28, 2021 - SNL Financial
Mergers and Acquisitions

The company issued $20 million aggregate principal amount of fixed- to floating-rate subordinated notes due 2031.

Defiance, Ohio-based SB Financial Group Inc. completed a private placement of $20 million aggregate principal amount of fixed- to floating-rate subordinated notes due 2031.

The notes bear a fixed rate of 3.65% for the first five years and will reset quarterly thereafter to the then-current three-month secured overnight financing rate, plus 296 basis points.

The comp...