First Keystone Corporation (OTCID: FKYS) Closes $32.5 Million Capital Offering
First Keystone Corporation closed a $32.5 million private placement of fixed-to-floating rate subordinated notes due 2036. The notes qualify as Tier 2 regulatory capital, and proceeds are intended to redeem $25.0 million of subordinated notes due December 31, 2030, with the remainder for general corporate purposes.
Key figures
- Deal Value Usd
- 32500000
- Notes type
- fixed-to-floating rate subordinated notes due 2036
- Total assets
- $1.57 billion
- Regulatory treatment
- Tier 2 capital
- Existing notes to redeem
- 25000000
AI analysis
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