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TriState Capital Holdings (TSC) in Pittsburgh has raised $35 million through a private placement of subordinated debt.
June 10 -
Wintrust Financial (WTFC) of Rosemont, Ill., is planning to raise capital by issuing subordinated debt.
June 9
People's United Bank in Bridgeport, Conn., expects to
The notes will carry an interest rate of 4% and will mature in July 2024.
The $33 billion-asset bank, a subsidiary of People's United Financial (PBCT), plans to use the net proceeds to fund loans and investment securities, according to a press release Monday.
Jefferies is the sole bookrunner, while Goldman Sachs and J.P. Morgan Securities are acting as co-managers for the offering.
People's United has been