trending Market Intelligence /marketintelligence/en/news-insights/trending/NoudAk2a5kb45QDLZa-gkA2 content esgSubNav
In This List

Towerbank International to offer securities worth $3.9M

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Blog

Banking Essentials Newsletter: September Edition


Towerbank International to offer securities worth $3.9M

Towerbank International Inc. on Dec. 21 will offer negotiable commercial securities for up to $3.9 million.

The series Y notes, which will be issued Dec. 26, have a maturity of 180 days and a 3.25% interest rate.

Proceeds from the offering will be used to finance the growth of the issuer's loan portfolio.

The offering is part of the bank's $20.0 million revolving program for the public offering of negotiable commercial securities.