trending Market Intelligence /marketintelligence/en/news-insights/trending/l2tufgUvnJidz6ZuCwHfFQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

White River Bancshares closes private placement of subordinated notes due 2029

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


White River Bancshares closes private placement of subordinated notes due 2029

White River Bancshares Co. completed the private placement of $11 million in subordinated notes due Dec. 31, 2029, to institutional accredited investors.

The Fayetteville, Ark.-based company plans to use the net proceeds to replace existing debt, support organic growth and for general corporate purposes.

The notes will bear interest at a fixed rate of 5.875% per year until Dec. 31, 2024. After that, interest will be equal to three-month secured overnight financing rate plus 442 basis points.

White River Bancshares may redeem the notes at its option in whole or in part on or after Dec. 31, 2024, or in whole but not in part under certain other circumstances. The notes have been structured to qualify as Tier 2 capital for the company for regulatory purposes.

Raymond James & Associates Inc. was the sole placement agent for the offering. Kutak Rock LLP served as legal counsel to White River Bancshares, and Holland & Knight LLP served as legal counsel to the placement agent.