US Metro Bancorp Completes $31.9 Million Subordinated Note Capital Raise and Redemption of $16.0 Million Subordinated Note

Core Points - US Metro Bancorp successfully closed a private placement of $31.9 million in subordinated debt notes with a fixed interest rate of 6.00% [1] - The notes will mature on October 31, 2028, and interest will be paid quarterly in arrears [1] - The funds raised will be utilized by the company for unspecified purposes [1]