Level One to redeem subordinated fixed-to-floaters due 2025

By Wendy Van Sickle

Columbus, Ohio, May 17 – Level One Bancorp, Inc. will redeem its outstanding $15 million of fixed-to-floating rate subordinated notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest on June 15.

Based in Farmington Hills, Mich., Level One is the holding company for Level One Bank.

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