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SB Financial completes placement of USD 20m of subordinated notes due 2031

Jun 02, 2021 - Banking and Credit News
Mergers and Acquisitions

SB Financial Group, Inc. (NASDAQ: SBFG), an Ohio-based diversified financial services company, has announced the completion of its issuance and sale of USD 20 million aggregated principal amount of fixed-to-floating rate subordinated notes due 2031, the company said.

Notes were offered in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended. The Notes bear a fixed rate of 3.65% for the first five years and will reset quarterly t...