Loan & DebtJun 16, 2026, 04:12 PM
CNB Financial Redeems $50M Subordinated Notes; $35M Remain Outstanding
AI Summary
CNB Financial Corporation announced the completion of the redemption of $50,000,000 in aggregate principal amount of its 3.25% Fixed-to-Floating Rate Subordinated Notes due June 15, 2031. The redemption occurred on June 15, 2026, at a price equal to 100% of the principal amount plus accrued interest. Following this partial redemption, $35,000,000 in aggregate principal amount of the Subordinated Notes remain outstanding.
Key Highlights
- CNB Financial completed the redemption of subordinated notes.
- $50,000,000 in aggregate principal amount of notes were redeemed.
- The notes were 3.25% Fixed-to-Floating Rate Subordinated Notes due June 15, 2031.
- Redemption occurred on June 15, 2026.
- Redemption price was 100% of principal plus accrued interest.
- $35,000,000 in aggregate principal amount of notes remain outstanding.
Price Impact
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