Nebraska's top thrift plans to issue notes.

OMAHA, Neb. -- Commercial Federal Corp. plans to file with the Securities and Exchange Commission for a $40.25 million subordinated note offering, including an overallotment option.

As a result, the bank said, the Office of Thrift Supervision has agreed to rescind a capital directive that required issuance of $30 million in subordinated notes, as long as the offering is completed by Dec. 31 and meets certain other conditions.

Commercial is the largest thrift company in Nebraska.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER