Great Southern Bancorp in Springfield, Mo., has issued $50 million in subordinated debt.

The $4.3 billion-asset holding company said in a press release Monday that the fixed- to floating-rate subordinated notes are due in 2026.

It said proceeds from the offering will be used for general corporate purposes that include capital contributions to its subsidiary Great Southern Bank to support organic growth and potential acquisitions.

Sandler O'Neill is underwriting the offering.

In December Great Southern redeemed roughly $58 million in preferred stock to exit the Small Business Lending Fund, after the company was issued the shares in 2011.

 

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.