BOWLING GREEN, Ky. -- Trans Financial Bancorp has raised $44 million in subordinated debt.
The $948 million-asset bank will use the funds for future acquisitions and to repay $12 million in debt associated with the July acquisition of Trans Kentucky Bancorp.
The subordinated notes are due in 2003. They were issued in $1,000 denominations and are unsecured obligations of the bank, payable out of its general operating funds.
The issue's co-managers were Morgan Keegan & Co. and J.C. Bradford & Co.