Core Viewpoint - Hanover Bancorp, Inc. has successfully completed a private placement of $35 million in fixed-to-floating rate subordinated notes, enhancing its financial flexibility and supporting its strategic goals [1][4]. Financial Details - The subordinated notes will initially carry an interest rate of 7.25% per annum, payable semi-annually until March 15, 2031, after which the rate will reset quarterly to the three-month secured overnight financing rate (SOFR) plus 386 basis points [2]. - The notes received a BBB+ rating from Egan-Jones Ratings Company and are intended to qualify as Tier 2 capital for regulatory purposes [2]. Use of Proceeds - The net proceeds from the notes will be used to redeem $25 million of the Company's existing subordinated notes and for general corporate purposes, including contributing equity capital to Hanover Community Bank [3]. Management Commentary - The Chairman and CEO of Hanover expressed satisfaction with the transaction, stating it enhances financial flexibility, allows for the retirement of existing subordinated notes at a lower interest rate, and supports balance sheet growth [4]. Company Overview - Hanover Bancorp, Inc. is the parent company of Hanover Community Bank, focusing on personalized banking services in the metro-New York area, offering a full range of financial services including consumer, commercial, and municipal banking products [5].

Core Viewpoint - HBT Financial, Inc. has announced the issuance of $85 million in Fixed-to-Floating Rate Subordinated Notes due 2036, aimed at raising capital for general corporate purposes, potentially including share repurchases [1][2]. Group 1: Financial Details - The Notes will initially bear an interest rate of 5.75% for the first five years, after which the rate will reset quarterly to the three-month SOFR rate plus 233 basis points [2]. - The Company has the option to redeem the Notes in whole or in part starting from March 15, 2031, or prior to that date under specific limited circumstances [2]. - The Notes are designed to qualify as Tier 2 capital for regulatory purposes [2]. Group 2: Company Background - HBT Financial, Inc. is headquartered in Bloomington, Illinois, and serves as the holding company for Heartland Bank and Trust Company, with banking operations dating back to 1920 [4]. - The Company offers a wide range of financial products and services to consumers, businesses, and municipal entities across Illinois, eastern Iowa, and suburban St. Louis, operating 83 full-service branches [4]. - As of December 31, 2025, HBT Financial reported total assets of $5.1 billion, total loans of $3.5 billion, and total deposits of $4.4 billion [4]. Group 3: Transaction Details - Piper Sandler & Co. acted as the sole placement agent for the Notes issuance [3]. - Vedder Price P.C. provided legal counsel to the placement agent, while Barack Ferrazzano Kirschbaum & Nagelberg LLP served as legal counsel to the Company [3].

Core Insights - Coop Pank reported a solid net profit of 2.9 million euros in February 2026, marking a 16% increase compared to the same period last year, driven by low loan loss provisions and tax expenses [2][6] - The bank's return on equity stood at 16.0%, with a cost-to-income ratio of 56% [2][6] Financial Performance - The quality of the bank's loan portfolio remained strong, with loan loss provisions at a low level, and some previously made provisions were released [1] - The bank's customer deposits increased by 55 million euros, reaching 2.13 billion euros, with a year-over-year growth of 11% [6] - The loan portfolio grew by 6 million euros to 2.13 billion euros, with a year-over-year increase of 19% [6] - Loan impairment costs were recorded at 0.3 million euros for February [6] Customer Growth and Engagement - The number of clients increased by 1,400 in February, bringing the total to 229,800, with active clients reaching 108,800, reflecting a 9% growth in the customer base over the year [6] - Coop Pank launched an updated joint loyalty program with Coop, allowing nearly 700,000 users to apply for a new credit card with favorable terms [3] Capital Position and Future Plans - The bank raised 5.0 million euros in subordinated debt from the European Energy Efficiency Fund, enhancing its Tier 2 capital [4] - A new subordinated bond program was approved, with plans for a public offering of the first series of bonds in March or April [4]

Core Insights - White River Bancshares Company has completed a private placement of $25.0 million in fixed-to-floating rate subordinated notes due February 29, 2036, aimed at qualified institutional buyers and accredited investors [1] - The net proceeds from the private placement will be used to redeem existing subordinated debt and for general corporate purposes [1] Financial Details - The subordinated notes will qualify as Tier 2 capital for regulatory purposes and will have a fixed interest rate of 6.625% per annum until February 28, 2031 [2] - After February 28, 2031, the interest rate will switch to 3-month Secured Overnight Financing Rate (SOFR) plus 325 basis points [2] - The notes are redeemable by the company at its option starting February 28, 2031, or in whole under certain circumstances [2] Company Background - White River Bancshares Company is the holding company for Signature Bank of Arkansas, headquartered in Fayetteville, Arkansas, with multiple locations across the state [3] - Signature Bank of Arkansas offers a full range of financial services to small businesses, families, and farms, and was founded in 2005 [3] - The company trades on the OTCQX® Best Market under the ticker WRIV [3]

Core Viewpoint - Riyad Bank plans to issue USD-denominated Tier 2 capital sustainable notes under its medium-term note program, with the amount and terms dependent on market conditions [2][4]. Group 1: Issuance Details - The issuance will be offered to eligible investors both in Saudi Arabia and internationally [3]. - The bank has appointed several joint lead managers for the proposed offer, including First Abu Dhabi Bank, BBVA, DBS Bank, Emirates NBD Capital, HSBC, Merrill Lynch Saudi Arabia, Mizuho International, Riyad Capital, SMBC Bank, and Standard Chartered [3]. Group 2: Use of Proceeds - Proceeds from the offering are intended for general banking purposes [5]. Group 3: Regulatory and Compliance - The offering is subject to regulatory approvals and will comply with applicable laws and regulations [6]. - The bank will announce any relevant material developments as required by the relevant rules and regulations [8].

Core Viewpoint - Northrim BanCorp, Inc. has successfully completed a private placement of $60 million in subordinated notes, which will enhance its regulatory capital and support growth initiatives [1][2]. Group 1: Financial Details - The subordinated notes have a fixed interest rate of 6.875% for the first five years, after which the rate will adjust quarterly to the three-month SOFR rate plus 348 basis points [2]. - The net proceeds from the private placement will be used for general corporate purposes and to support regulatory capital ratios [2]. Group 2: Legal and Regulatory Aspects - Northrim entered into a registration rights agreement with purchasers of the notes, allowing for the exchange of the notes for registered subordinated notes under the Securities Act [3]. - The notes are intended to qualify as Tier 2 capital for regulatory purposes [2]. Group 3: Company Overview - Northrim is the holding company for Northrim Bank, which operates 20 branches in Alaska and focuses on customer service and knowledge of the local economy [6]. - The company also has subsidiaries involved in factoring, asset-based lending, and regional home mortgage services [6].

Core Viewpoint - Alpine Banks of Colorado has successfully completed a private placement of $75 million in fixed-to-floating rate subordinated notes due 2035, aimed at strengthening its capital base and refinancing existing debt [1][2]. Group 1: Financial Details - The $75 million subordinated notes are structured to qualify as Tier 2 capital under bank regulatory guidelines [1]. - Proceeds from the notes will be used to redeem $50 million in subordinated notes due 2030 and for general corporate purposes [1]. - The notes can be redeemed in whole or in part on any interest payment date after November 21, 2030, subject to certain conditions [1]. Group 2: Strategic Implications - The completion of this subordinated debt offering is viewed as a strategic win for the company, enhancing its capital base and leveraging attractive financing options [2]. - The company aims to create long-term value for shareholders and is committed to improving the quality of life in Colorado [2]. Group 3: Company Overview - Alpine Banks of Colorado, through its subsidiary Alpine Bank, is an independent, employee-owned organization with $6.8 billion in assets and serves 170,000 customers [4]. - The bank has a five-star rating from BauerFinancial, indicating superior performance among financial institutions in the U.S. [4].

Core Points - Univest Financial Corporation has completed a $50.0 million private placement of fixed-to-floating rate subordinated notes [1] - The proceeds will be used to redeem $80.0 million of callable subordinated notes and for general corporate purposes [1] - The notes have a maturity date of November 15, 2035, with a fixed interest rate of 6.00% for the first five years, transitioning to a floating rate thereafter [2] Financial Details - The floating rate will be set quarterly, equal to the three-month Secured Overnight Financing Rate (SOFR) plus 261.5 basis points [2] - The notes can be redeemed by the Corporation without penalty starting November 15, 2030 [2] - These notes are structured to qualify as Tier 2 capital for regulatory purposes [2] Regulatory and Advisory Information - The Corporation has entered into registration rights agreements with purchasers for the exchange of the notes for registered subordinated notes [3] - Piper Sandler & Co. acted as the sole placement agent for the private offering, with legal advice provided by Luse Gorman, PC and Troutman Pepper Locke LLP [4] Company Overview - Univest Financial Corporation has approximately $8.6 billion in assets and $5.7 billion in assets under management as of September 30, 2025 [6] - The Corporation provides a full range of financial solutions primarily in the Mid-Atlantic Region through over 50 offices [6]

Core Points - OceanFirst Financial Corp. announced a public offering of $185.0 million in 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035, with interest accruing at 6.375% until November 15, 2030, and transitioning to a floating rate thereafter [1] - The offering is expected to close on October 29, 2025, subject to customary closing conditions [2] - The estimated net proceeds from the offering will be approximately $181.9 million, intended for repaying existing debt, supporting growth initiatives, and general corporate purposes [3] Offering Details - The Notes will accrue interest at a fixed rate of 6.375% until November 15, 2030, and then at a floating rate based on Three-Month Term SOFR plus a spread of 307.5 basis points [1] - Piper Sandler & Co. and Keefe, Bruyette & Woods are acting as joint book-running managers for the offering [2] Use of Proceeds - The net proceeds will be used to redeem the Company's existing 5.25% Fixed-to-Floating Rate Subordinated Notes due May 15, 2030, and to support growth initiatives at subsidiaries [3] Company Background - OceanFirst Financial Corp. is the holding company for OceanFirst Bank N.A., a regional bank with $14.3 billion in assets, serving customers in New Jersey and surrounding metropolitan areas [6]

Core Points - QCR Holdings, Inc. has completed private placements of $70 million in subordinated notes, consisting of $50 million in 6.875% Fixed-to-Floating Rate Subordinated Notes due September 2035 and $20 million in 7.225% Fixed-to-Floating Subordinated Notes due September 2037 [1][2][3] - The net proceeds from these placements will be used for general corporate purposes, including the redemption of previously announced subordinated notes [1][2] - The issuance supports the company's long-term growth strategy and reinforces its financial strength [2] Financial Details - The 2035 Notes will have a fixed interest rate of 6.875% for the first five years, transitioning to a floating rate thereafter, expected to be the three-month term SOFR plus 350 basis points [2] - The 2037 Notes will have a fixed interest rate of 7.225% for the first seven years, also transitioning to a floating rate, expected to be the three-month term SOFR plus 375 basis points [3] - The blended interest rate for the new issuances is below 7%, indicating a strong transaction [2] Company Overview - QCR Holdings, Inc. is a multi-bank holding company based in Moline, Illinois, serving various communities through its subsidiary banks [5] - As of June 30, 2025, the company reported $9.2 billion in assets, $6.8 billion in loans, and $7.3 billion in deposits [5]