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Bryn Mawr Bank in Pennsylvania said its chief financial officer resigned and it appointed two interim executives to fill his roles.
July 20 -
Univest Corp. of Pennsylvania in Souderton has issued $50 million in subordinated debt.
March 31 -
TriState Capital Holdings (TSC) in Pittsburgh has raised $35 million through a private placement of subordinated debt.
June 10
Bryn Mawr Bank in Pennsylvania has issued $30 million in subordinated debt.
The $3 billion-asset company
Bryn Mawr plans to use the proceeds to buy back stock, to cover costs of terminating its frozen pension plan, for possible acquisitions and for organic growth.
The notes carry an annual fixed rate of 4.75% until August 2020, when they will switch to a floating rate based on the then-current 3-month Libor plus 306.8 basis points.
Sandler O'Neill was financial adviser on the offering and Stradley Ronon Stevens & Young was legal counsel.
