trending Market Intelligence /marketintelligence/en/news-insights/trending/JaXbQ7hYafJUekHgVtkfHw2 content esgSubNav
In This List

Civista Bancshares to redeem series B preferred shares

Blog

Banking Essentials Newsletter: December 7th Edition

Blog

Banking Essentials Newsletter: December 7th Edition

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears


Civista Bancshares to redeem series B preferred shares

Civista Bancshares Inc. will redeem all of its 6.50% noncumulative redeemable convertible series B perpetual preferred shares and the corresponding depositary shares Dec. 20.

Each depositary share represents a 0.025 interest in a series B preferred stock and will be redeemed at $25 apiece. There were 395,929 depositary shares as of Sept. 30, the company said.

Depositary stockholders have the option to convert their holdings into common shares of the Sandusky, Ohio-based company at any time before 5 p.m. EDT on Dec. 19.