trending Market Intelligence /marketintelligence/en/news-insights/trending/wJWz1rRqKh3G9pucRB3Pfg2 content esgSubNav
In This List

Community Heritage Financial completes subordinated debt offering

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Community Heritage Financial completes subordinated debt offering

Community Heritage Financial Inc. has completed the offering of $15 million aggregate principal amount of 5.75% fixed- to floating-rate subordinated notes due 2029.

The company intends to use the net proceeds for general corporate purposes. The notes have been structured to qualify as Tier 2 capital for the company for regulatory capital purposes.

Boenning & Scattergood Inc. was the sole placement agent for the offering. Baker Donelson Bearman Caldwell & Berkowitz was legal counsel to the company and Goodwin Procter LLP was legal counsel to the placement agent.