GLENWOOD SPRINGS, Colo., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) (“Alpine” or the “Company”), the holding company for Alpine Bank, announced today that it has completed the private placement of $75 million in fixed-to-floating rate subordinated notes due 2035. The notes have been structured to qualify as Tier 2 capital under bank regulatory guidelines. The Company intends that proceeds from the sale of the notes will be used to redeem the Company’s $50 million subordinated ...

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]

Group 1 - First Bank announced the closing of a $35.0 million private placement of fixed-to-floating rate subordinated notes, intending to use the proceeds to redeem $30.0 million of existing subordinated notes and for general corporate purposes [1][2] - The notes have a maturity date of June 30, 2035, with a fixed interest rate of 7.125% for the first five years, transitioning to a floating rate thereafter, which is the three-month Secured Overnight Financing Rate (SOFR) plus 343 basis points [2] - The notes are structured to qualify as Tier 2 capital for regulatory purposes, and the Bank can redeem them without penalty starting June 30, 2030 [2] Group 2 - CEO Patrick L. Ryan expressed satisfaction with the successful completion of the subordinated debt offering, highlighting that it allows the Bank to retire existing notes at a lower interest rate and enhance its capital base without diluting common stock [3] - The overall cost of capital is considered attractive due to the tax-deductible nature of the instrument combined with the low interest rate [3] - Piper Sandler & Co. acted as the sole placement agent for the offering, with legal advice provided by Luse Gorman, PC and Silver, Freedman, Taff & Tiernan LLP [3] Group 3 - First Bank is a New Jersey state-chartered bank with 27 full-service branches and $3.88 billion in assets as of March 31, 2025, offering a range of deposit and loan products primarily in the New York City to Philadelphia corridor [4]

Core Viewpoint - Ageas SA/NV successfully placed EUR 500 million in subordinated fixed to floating rate notes, indicating strong market interest with over 3 times oversubscription [1][2]. Group and Company Summary - The notes have a maturity date in May 2056 and a first call date in November 2035, with a fixed coupon rate of 4.625% until the first reset date on May 2, 2036 [1][2]. - After the first reset date, the coupon will shift to a quarterly payment based on a 3-month Euribor floating rate plus an initial credit spread of 215 basis points and a 100 basis points step-up [2]. - The notes qualify as Tier 2 capital under the Solvency II regime and are rated A- by Fitch, with expectations of a similar rating from Standard and Poor's [3]. - The net proceeds from the issuance will be utilized for financing the acquisition of esure and for general corporate purposes, optimizing the capital structure of the group [4]. - Ageas is a prominent international insurance group with a 200-year heritage, focusing on life and non-life insurance products across Europe and Asia, employing around 50,000 people and reporting annual inflows of EUR 18.5 billion in 2024 [5].

Group 1 - The company AB Šiaulių Bankas has redeemed EUR 20 million nominal value of 6.15% fixed rate subordinated second tier notes by exercising the early redemption right on April 24, 2025 [1] - The early redemption was executed because less than 100% of the issued nominal amount qualifies as Tier 2 capital with less than five years remaining until maturity [2] - Following the redemption, Šiaulių Bankas continues to meet capital adequacy requirements with a significant buffer and has strengthened its Tier 1 capital by issuing an Additional Tier 1 (AT1) bond on October 14, 2024 [3]