Isabella Bank Corporation Completes $30 Million Subordinated Notes Offering
PLEASANT, Mich., June 2, 2021 /PRNewswire/ -- Isabella Bank Corporation (OTCQX:ISBA) today announced the completion of its private placement of $30.0 million in aggregate principal amount of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 (the "Notes") to various institutional investors (the "Offering").
- PLEASANT, Mich., June 2, 2021 /PRNewswire/ -- Isabella Bank Corporation (OTCQX:ISBA) today announced the completion of its private placement of $30.0 million in aggregate principal amount of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 (the "Notes") to various institutional investors (the "Offering").
- "This issuance is an opportunity for Isabella Bank Corporation to raise capital without issuing additional shares and diluting shareholder value.
- Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered bank headquartered in Mt.
- For more information about Isabella Bank Corporation, visit the Invest in Us link at www.isabellabank.com .