Welcome to our dedicated page for Southern Bancsha news (Ticker: SBNC), a resource for investors and traders seeking the latest updates and insights on Southern Bancsha stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Southern Bancsha's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Southern Bancsha's position in the market.
Southern BancShares (N.C.) has successfully completed a private placement of $80 million in 3.125% Fixed-to-Floating Rate Subordinated Notes due 2031. The fixed interest rate will apply until June 30, 2026, after which it will shift to a floating rate tied to three-month SOFR plus 241 basis points. The offering is designed to qualify as Tier 2 capital for regulatory requirements. Proceeds will be used for general corporate purposes. The Notes are not insured by federal agencies and have not been registered under the Securities Act.
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