Crazy Woman Creek Bancorp Announces Redemption of Subordinated Notes

Company Overview - Crazy Woman Creek Bancorp, Inc. operates as the bank holding company for Buffalo Federal Bank, providing a range of banking products and services to individuals, families, and businesses in North-Central Wyoming [3] - Buffalo Federal Bank was founded in 1936, and Crazy Woman Creek Bancorp, Inc. was formed in 1995 as its parent company, headquartered in Buffalo, Wyoming [3] - The shares of Crazy Woman Creek Bancorp, Inc. are traded on the OTCPK under the symbol "CRZY" [3] Financial Actions - The company announced a full redemption of its $2.0 million aggregate principal amount of fixed-to-floating rate subordinated notes due August 14, 2030, at a redemption price equal to 100% of the principal amount plus any accrued and unpaid interest [1] - The primary use of the proceeds from the Notes was to fund a block repurchase of 93,000 outstanding shares at a purchase price of $14.50 per share in August 2020 [2] - The Notes, originally issued in August 2020, had a fixed-to-floating interest rate yielding 5.0% before redemption [2] Management Commentary - Paul M. Brunkhorst, President and CEO, expressed satisfaction in completing the redemption at the earliest permitted opportunity, coinciding with the conclusion of the 5.0% fixed-rate period [2]