Southern BancShares ([[SBNC]]) completed the private placement of $80M of 3.125% fixed-to-floating rate subordinated notes due 2031.Until June 30, 2026, the notes will bear interest at a fixed annual rate of 3.125%, thereafter, the notes will bear interest at a floating rate equal to the thre...
Southern BancShares (N.C.), Inc. Announces Completion Of $80 Million Subordinated Debt Offering PR Newswire MOUNT OLIVE, N.C. , June 23, 2021 /PRNewswire/ -- Southern BancShares (N.C.), Inc. (the "Company") (OTC Pink: SBNC), the holding company for ...
Cedar Creek Partners is a hedge fund. The fund applies the typical bottom-up concentrated value approach of looking for a discount to intrinsic value to the neglected ares of the market, micro and nano caps. The S&P 500 rose 6.3%, and the NASDAQ was the weak performer, posting a 2...
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Southern BancShares (N.C.), Inc. Announces Completion Of $80 Million Subordinated Debt Offering PR Newswire MOUNT OLIVE, N.C. , June 23, 2021 /PRNewswire/ -- Southern BancShares (N.C.), Inc. (the "Company") (OTC Pink: SBNC), the holding company for ...