Coastalsouth Bancshares Inc.
09/16/2025 | Press release | Distributed by Public on 09/16/2025 14:00
Material Event (Form 8-K)
Item 8.01 Other Events.
On September 15, 2025, CoastalSouth Bancshares, Inc. redeemed all of its outstanding 5.95% Fixed to Floating Rate Subordinated Notes due 2030 (the "Subordinated Notes"). The Subordinated Notes were originally issued in the principal amount of $15,000,000. The Subordinated Notes were redeemed at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to but excluding the redemption date of September 15, 2025, in accordance with the terms of the Subordinated Notes, dated September 9, 2020.
Coastalsouth Bancshares Inc. published this content on September 16, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 16, 2025 at 20:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]