By Lisa Kerner
Charlotte, N.C., Nov. 19 – Kinderhook Bank Corp. completed a $10 million private placement of subordinated debt through Ambassador Financial Group, Inc.
The debt is due in 2025 and is non-callable for five years, according to a news release.
Proceeds will be used to redeem Kinderhook’s Small Business Lending Fund preferred stock and for future growth.
The bank holding company is based in Kinderhook, N.Y.
| Issuer: | Kinderhook Bank Corp.
|
| Issue: | Subordinated debt
|
| Amount: | $10 million
|
| Maturity: | 2025
|
| Agent: | Ambassador Financial Group, Inc.
|
| Distribution: | Private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
