Merchants Bancorp 8.25% Fixed Rate Reset Series D Non Cumulative Perpetal Preferred Stock

Coupon is fixed until 10/1/2027 at 8.25% after which it is reset at the 5 year treasury plus a fixed spread of 4.34%. The coupon will be reset every 5 years

May only be redeemed on a dividend payment date





Midland States Bancorp 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock Series A

Coupon is fixed at 7.75% until 9/30/2027 after which it will reset at the 5 year treasury plus a spread of 4.713%. Coupon is reset every 5 years.




Keycorp 6.20% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H

Initial fixed dividend is 6.20% until 12/15/2027 at which point it will reset based on the 5 year treasury plus a spread of 3.132%

Issue may only be redeemed on a dividend payment date





Pacwest Bancorp 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock Series A

Coupon will reset every 5 years starting 9/1/2027 to the 5 year treasruy rate plus a spread of 4.82%






US Bancorp 4.50% Series O Non-Cumulative Perpetual Preferred Stock




Bank of America 4.75% Non-Cumulative Preferred Stock Series SS




Enterprise Financial Services Corp 5.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A




Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock




First Republic Bank 4.00% Non-Cumulative Perpetual Preferrred Stock, Series M





Bank of America Corp 4.25% Non-Cumulative Preferred Shares, Series QQ