trending Market Intelligence /marketintelligence/en/news-insights/trending/jiPhgOKlQZOL0j1d12SnPA2 content esgSubNav
In This List

Revere Bank completes $31M subordinated debt offering

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Revere Bank completes $31M subordinated debt offering

Laurel, Md.-based Revere Bank completed a $31 million subordinated debtoffering.

The subordinated debt was issued as a 10-year fixed-to-floatstructure maturing in 2026 with a five-year call option. It will have a couponof 5.625% for the first five years floating thereafter at three month LIBORplus 4.409%.

AmbassadorFinancial Group Inc., which provided a fairness opinion to RevereBank in its pending acquisition of Monument Bank, announced the completion of the debtoffering in a press release posted on StreetInsider.com.