CNB Financial Corporation Announces Closing of $85 Million of 3.25% Fixed-to-Floating Rate Subordinated Notes
CLEARFIELD, Pa., June 03, 2021 (GLOBE NEWSWIRE) -- CNB Financial Corporation (CNB or the Corporation) (NASDAQ: CCNE), the parent company of CNB Bank, announced today that it has completed a private placement of $85 million aggregate principal amount of its 3.25% fixed-to-floating rate subordinated notes due 2031 (the Notes) to certain qualified institutional investors, as defined in Rule 144A under the Securities Act of 1933, as amended (the Securities Act), or institutional accredited investors, as defined in Rule 501 of Regulation D promulgated under the Securities Act.
CNB Financial Corporation Announces Closing of $85 Million of 3.25% Fixed-to-Floating Rate Subordinated Notes
CLEARFIELD, Pa., June 03, 2021 (GLOBE NEWSWIRE) -- CNB Financial Corporation (CNB or the Corporation) (NASDAQ: CCNE), the parent company of CNB Bank, announced today that it has completed a private placement of $85 million aggregate principal amount of its 3.25% fixed-to-floating rate subordinated notes due 2031 (the Notes) to certain qualified institutional investors, as defined in Rule 144A under the Securities Act of 1933, as amended (the Securities Act), or institutional accredited investors, as defined in Rule 501 of Regulation D promulgated under the Securities Act.